Mumbai seems to be the hub for real estate tycoons in India with 35 out of the 100 names being from the city, followed by Delhi and Bengaluru with 22 and 21 names, respectively. A survey conducted by Hurun Report and GROHE India titled GROHE Hurun India Real Estate Rich List 2018 revealed that the wealth of the top 100 tycoons featured in the list accounted for Rs 2,36,610 crore. According to the survey, BJP MLA from Malabar Hill, Mangal Prabhat Lodha has emerged the richest in the country with a wealth of Rs 27,150 crore. The 62-year-old builder was at the second position last year with a wealth of Rs 18,610 crore. The list was compiled on the basis of the net worth of Indians as on September 30, 2018. Around 59 percent of the names featured in the list are first generation entrepreneurs.
Lodha is followed by Jitendra Virwani of Embassy Group in the second position and Rajiv Singh of DLF in the third position. While the Hiranandani Brothers are at the sixth position with a wealth of Rs 7,880 crore. Similarly, Menda Brothers from Bengaluru occupy the ninth position with a wealth of Rs 5,900 crore.
Kunal Menda of RMZ is named the youngest richest entrepreneur and Prithvi Raj Singh Oberoi of East India Hotels is the eldest at the age of 89 years. The list also features nine richest women entrepreneurs with Renuka Talwar of DLF being ranked at 19.
Here’s the list of top 10 real estate tycoons of India:
With inputs from PTI .
