Top realtors’ wealth soars Top 100 report wealth of `2.37 lakh crore in 2018
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Mumbai, Nov. 21: Despite the crisis in realty space in the country, the networth of top 100 realtors has jumped 27 per cent to `2.37 lakh crore in 2018, as per a report. The realtors’ rich list is led by Lodha Group founder Mangal Prabhat Lodha.
According to the Hurun rich-list 2018, the 62-yearold Lodha, who is also a senior BJP leader, is the richest real estate entrepreneur in the country with a total wealth of
`27,150 crore. He is followed by Jitendra Virwani of the Bengalurubased Embassy Group with total wealth of
`23,160 crore in 2018. Significantly, the country’s largest developer DLF Group’s founder K.P. Singh, who was the richest real estate entruprenuer in 2017, did not find a place among the top 10 developers in the country this year.
It can be noted that Mr Singh has transferred his shares to his son Rajiv Singh and daughter Piya.
His son Rajiv comes third with wealth of
`17,690 crore this year. “Total wealth of the top
100 real estate developers stood at `2,36,610 crore or
$32.7 billion in 2018, up 27 per cent from `1,86,700 crore or $28.6 billion in
2017,” says the HurunGrohe India (German sanitary ware maker) rich-list 2018.
The list relates to those realtors born and brought up in the county, and the valuation of these individuals is as of the end of
Lodha Group founder Mangal Prabhat Lodha leads the list with a total wealth of `27,150 cr. Jitendra Virwani
the Embassy Group with `23,160 crore.
Rajiv Singh, the
of DLF founder, with
`17,690 crore
■ Among the 10 debutants, My Home Group’s Rameswar Rao leads the list at 14 with `3,370 crore.
September 2018 when the rupee averaged at 72.46 to the dollar, according to the publishers.
Almost 59 per cent of the names featured in the report are first-generation entrepreneurs, says the report.
From a city-wise perspective, Mumbai is the most preferred city of residence for the real estate tycoons with the city being home to 35 of them, followed by Delhi
(22) and Bengaluru (21) and Pune which is home to five of the richest 100 realtors.
At the fourth slot is Chandru Raheja of the city-based K Raheja Group with a networth of
`14,420 crore, followed by Vikas Oberoi (`10,980 crore). — PTI