Real Estate developers who are generalists work with anyone on any type of real estate transaction. Real estate developers are entrepreneurs who obtain land, prepare it for development, and manage the construction process. These properties can either be residential or commercial.
And may also spend time negotiating projects and participating in public hearings. Most land developers travel a great deal, with dividing their time between working on their project’s field. Richest real estate developers are self-employed.
They come from numerous educational backgrounds, making the required skill-sets for success in this field quite varied.
So, without wasting time I am going to list out the names of the top 10 richest builders in India:-
Kushal Pal Singh
Net Worth – ₹31,500 crores
Company – DLF Limited
Kushal Singh is born in 15th November 1931 in Bulandshahar, Uttar Pradesh. He is one of the Richest Real Estate Developers in India and the chairman and CEO of real estate developer DLF Limited, founded by his father-in-law Thakur Raghvendra Singh. Singh’s fortune hasn’t fallen as much due to new information.
He owns 40% in the valuable rental arm DLF Cyber City Developers, which he plans to sell to institutional investors. Singapore’s sovereign wealth fund GIC has agreed to invest $300 million in 2 DLF projects in Delhi. To prune its $3.1 billion debt, DLF has been selling assets such as its cinema chain, DT Cinemas.
A former army officer, known as KP, Singh joined his father-in-law’s Delhi Land & Finance in 1961 and went on to build DLF City in Gurgaon by acquiring land from farmers. Yes, He is the Emperor of this list of the top 10 richest builders in India worth his fortune $4.5 Billion.
Mangal Prabhat Lodha
Net Worth – ₹24,500 crores
Company – Lodha Group
Lodha is born in 18th December 1955 in Jodhpur, Rajasthan. Indian politician, who ranks among country’s biggest property developers, outlined the succession plan at his privately-held Lodha Group. His older son Abhishek as head of real estate and giving son Abhinandan charge of a new financial services business.
Lodha is building a 75-story Trump Tower in Mumbai, to be completed by 2018. The firm made created a record in Mumbai realty when it sold a penthouse in Lodha. Altamont, its upcoming south Mumbai luxury project, for $24 million.
Net Worth – ₹14,700 crores
Company – K Raheja Corporation
Chandru Raheja is born in 1st January 1940 in Mumbai. He is an Indian entrepreneur who transformed his family’s small scale property business into a renowned real estate group K Raheja Corporation. Under his leadership, K Raheja Corp has built several residences, offices, malls, hotels, and IT parks.
Shoppers Stop, Hypercity and Orbit Malls are highlighted in the portfolio of K. Raheja group. He has formed an alliance with the Servcorp, an Australian firm for providing serviced offices. He is well known for his media diffident personality and simple living. With a net worth of $2.1 Billion, he Stands at 2nd position in this list of the top 10 richest builders in India.
Net Worth – ₹13,300 crores
Company – Kalpataru Constructions
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 and spread to cities such as Jaipur, Hyderabad, and Chennai.
The biggest is a 9.6-million-square-foot township in the suburbs and a complex of luxury villas at a hill resort close to the city. Another showpiece is the upcoming Kalpataru Avana, a midtown 43-story luxury condo. He holds the 4th position in this list of top 10 richest builders in India.
Net Worth – ₹12,810 crores
Company – Embassy Group
As of 50 years of age, Jitu serves as the Chairman and Managing Director of Embassy Group, India’s one of the Richest Real Estate developers. Over the last three decades, Embassy together its promoters has developed over 35 million sq. ft. of commercial, residential, retail and hospitality space in India and overseas.
Embassy’s tenant relationships include the World’s leading corporations IBM, Microsoft, Mercedes Benz, Yahoo as well as homegrown e-retailer Flipkart. Virwani holds the 5th position in this list of top 10 richest builders in India.
Net Worth – ₹10,640 crores
Company – Sobha Limited
Menon is born on 12 December 1948 in Kerala. He is the Founder and Chairman of Sobha Ltd. Dubai-based property tycoon and chairman emeritus of India-listed Sobha Developers, P.N.C.Menon hasn’t lost his appetite for expansion despite handing over charge of Indian operations to son Ravi.
His pet project is Sobha Hartland, a $4 billion development close to Dubai’s iconic Burj Khalifa. Spread over 183 acres it will have 282 villas, 2 schools, and 3 hotels. A native of Kerala state, Menon turned a backyard furniture business into a property and construction conglomerate after migrating to Oman in 1976.
Net Worth – ₹8,960 crores
Company – Oberoi Realty
After getting 45 years of age, Vikas Oberoi returns to the billionaire ranks this year as shares of his Oberoi Realty recovered amid a stock market surge. Oberoi who made his name in suburban Mumbai is now building a midtown project that will have 2 towers, one consisting of 180 luxury residences and the other a 237-room hotel, both managed by Ritz-Carlton.
His newest projects Eternia and Enigma will be located on two 9 acre plots in the central suburbs and will have 1,700 apartments. Oberoi, who lives in Mumbai, is no relation to the Delhi- based hospitality clan that owns the Oberoi and Trident hotel chains. He enjoys flying his single-engine Cirrus SR22 plane every weekend.
One of the Richest Real Estate Developers in India with his fortune of $1.28 Billion he got 7th Position in this list of Richest Real Estate Developers in India.
Net Worth – ₹8,400 crores
Company – Prestige Group
Irfan is born in 30th October 1953 in Banglore. He is an Indian entrepreneur and the Managing Director of Prestige Group, one of the reputed property developers in India and The Chairman and Co-Founder of Inventure Academy, Bangalore.
Among the list of Richest Real Estate Developers, Irfan Razack and his family cross $1 billion for the first time on a 60% rise in shares of Prestige Estates Projects, which is now India’s largest listed property firm after Kushal Pal Singh’s DLF.
It has 62 ongoing projects spanning residences, offices, spas, and malls, mostly in south India. Tenants include Apple and Caterpillar, as well as brands like Armani and Louis Vuitton. Prestige is aiming to quadruple its $850 million annual sales by 2019 with a focus on middle-class buyers.
Net Worth – ₹7,210 crores
Company – Hiranandani Group
He is born in 8th March 1950 in Mumbai. India’s one of the Richest Real Estate Developers co-founded Hiranandani Group with brother Surendra who now owns his independent venture. The brothers still own some assets jointly, mainly a township in suburban Mumbai.
In what was billed as Mumbai’s largest office lease deal, software giant Tata Consultancy Services signed a 15-year contract in January for 1.9 million square feet. Niranjan is now betting on India’s infrastructure buildout: he is building a natural gas storage terminal in West Bengal and another on the west coast. His bid for a new airport near Mumbai along with Zurich Airport is awaiting security clearance.
Net Worth – ₹7,070 crores
Company – Hiranandani Group
He is born in 3oth December 1954 in Mumbai. He is an Indian entrepreneur, co-founder and managing director of Hiranandani Group, engaged in real estate business which made him come in the category of Richest Real Estate Developers in India.
As the younger brother of one of the Richest Real Estate Developers developer, Niranjan Hiranandani, runs his independent outfit, the House of Hiranandani, which specializes in luxury residences. Daughter Neha, a University of Virginia grad, who helps him run the company, has moved to London and will oversee an expansion abroad.
Surendra too has set up base in Singapore. He still owns 50% in older projects that he built along with brother Niranjan, notably the Powai township in suburban Mumbai. The brothers are in the process of divvying up their jointly owned assets.