Searching...
Tuesday, September 30, 2014

The Top 10 Real Estate Barons of India - 2014. Here is that list!

The Top 10 Property Barons of India - 2014 IREFD List

Despite being real estate professionals, when we threw that question around the IREFD office, we got pretty shabby replies and realised that a definite list of the top 10 Indian real estate tycoons had to be compiled. So we turned to Forbes and went through their latest; India's 100 Richest People List and filtered out the real estate barons from the 100 richest Indians based on their net worths.

Without wasting a moment further, we present our list below;

1. Kushal Pal Singh
22 - Rank: Forbes 100 Richest Indians
Net Worth - $ 3.9 Billion
About: Real Estate Baron Kushal Pal Singh's DLF is India's largest real estate firm.

2. Mangal Prabhat Lodha
27 - Rank: Forbes 100 Richest Indians
Net Worth - $3.1 Billion
About: 58 Year Old Real Estate magnate Mangal Prabhat Lodha's Lodha Group is the most active among Mumbai's property developers, with numerous new projects, which include the 75-story Trump Tower in downtown Mumbai, being built in collaboration with Donald Trump.

42 - Rank: Forbes 100 Richest Indians
Net Worth - $2.1 Billion
About: Chandru Raheja's privately held K. Raheja Corp. is focused on retail with their flagship brand Inorbit Mall. His department store chain Shopper's Stop now has 69 stores, bookstore chain Crossword has 48 stores. Raheja also has interests in hotels.

62 - Rank: Forbes 100 Richest Indians
Net Worth - $1.6 Billion
About: Real Estate magnate Jitendra Virwani set up Embassy Property Developments in Bangalore in 1993 after breaking away from his father's construction business and went on to build iT parks and office towers, with tenants like iBM, Mercedes-Benz, Yahoo and Fidelity.

67 - Rank: Forbes 100 Richest Indians
Net Worth - $1.5 Billion
About: Mofatraj Munot set up Kalpataru Constructions in 1969 and built it into one of Mumbai's leading property developers. It has a land bank of over 25 million square feet, mostly in Mumbai and Pune, though lately it has spread to cities such as Jaipur, Hyderabad and Chennai.

70 - Rank: Forbes 100 Richest Indians
Net Worth - $1.4 Billion
About: Property baron P.N.C.Menon, an Omani citizen living in Dubai, has substantial holdings in the Middle East, where he's developing 2 projects worth a combined $13 billion. His India-listed Sobha Developers is run by son Ravi.

77 - Rank: Forbes 100 Richest Indians
Net Worth - $1.2 Billion
About: The wealth of Bangalore developer Irfan Razack and his family crosses $1 billion for the first time on a 60% rise in shares of Prestige Estates Projects, which is now India's second largest listed property firm.

79 - Rank: Forbes 100 Richest Indians
Net Worth - $1.2 Billion
About: Property tycoon Niranjan Hiranandani co-founded Hiranandani Group with brother Surendra.

83 - Rank: Forbes 100 Richest Indians
Net Worth - $1.2 Billion
About: Younger sibling of Niranjan Hiranandani (featuring on this list at No. 9), Surendra Hiranandani now operates independently with his House of Hiranandani, which specializes in high-end residences and is building most of its projects in South India.

84 - Rank: Forbes 100 Richest Indians
Net Worth - $1.2 Billion
About: Mumbai's Vikas Oberoi is back into the billionaire ranks as shares of his Oberoi Realty recovered. Oberoi's upcoming midtown project will have 2 towers, one consisting of 180 luxury residences and the other a 237-room hotel, both managed by Ritz-Carlton.

Cheers,
The IREFD Team

Update from the grapevine;


About this list:
This list of the Top 10 Real Estate Barons of India is based on net worth information (as of September 2014) as it appears on the Forbes: India's 100 Richest People List. As per this twitter update, the rank appears to have changed in the Top 2.

Clicking on the real estate magnate's name will take you to their Wiki page or their profile page on the Forbes website, which you could visit to know more about these Indian Property Moguls. If you find any errors or typos here, please feel free to report it by sending an email to rahul.mishra496[at]gmail.com

4 comments:

  1. Thanks for listing out the top real estate barons of India. Good information.
    Real Estate Deals

    ReplyDelete
  2. In third place, in the list of the GCC’s richest Indians, are Jumbo Group founders the Chhabria family, with an estimated wealth of $1.45 billion. Lulu Hypermarkets boss Yusuff Ali is fourth richest, while Omani based PNC Menon, fifth on the list, is the richest Indian involved in the construction industry. P Mohamed ali is worth $1.3bn, while Menon's $1.25bn makes him the fifth billionaire on the list.
    As per: http://www.constructionweekonline.com/article-9224-top-10-richest-indians-in-the-gcc/10/

    ReplyDelete
  3. One of the names that is missing from this list is MFAR construction which is owned by P Mohamed Ali . It has its parent comapny in UAE called Galfar construction

    ReplyDelete