·
M P Lodha of Macrotech Developers
tops the list for the 4th consecutive year followed by Rajiv Singh
of DLF and Chandru Raheja of K Raheja in second & third places respectively
·
8 USD billionaires and 27 new
entrants in the list
·
Mumbai houses most entrants at 31; Delhi
& Bengaluru at 22 & 20 entrants respectively
·
Total wealth of top 100 entrants in
the list up 26% from 2019 to Rs. 3,48,660 crore
·
Bijay Kumar Agarwal of Sattva
Developers fastest riser in the 2020 list
·
39 and 12 from GROHE Hurun India Real
Estate List 2020 are in the Hurun India Rich List 2020 & Hurun India
philanthropy list 2020
·
With Rs. 280 crore networth, the
youngest on the list is Aditya Chandak (36) of Chandak Group and at Rs. 2,170
crore, oldest on the list is P R S Oberoi (91) of East India Hotels
·
3 under 40 and 4 above 80 made it to
GROHE Hurun India Real Estate Rich List 2020
·
At 27 drop offs and 33% witnessing wealth
decrease, pandemic year sees the most churn
·
65% see their wealth increase with
most top developers resilient to pandemic impact
·
Entry limit falls from Rs. 300 to Rs.
250 crore in 2020 possibly due to pandemic impact
India, March 23, 2021: Hurun Report today released the 4th edition of GROHE Hurun Real Estate Rich List 2020, a ranking of the most successful real estate entrepreneurs, inheritors in India, ranked by networth proportionate to their ownership in their respective real estate businesses. Wealth calculations are as of December 31, 2020. The GROHE Hurun India Real Estate Rich List 2020 ranks 100 individuals from 71 companies and 15 cities.
Unveiling the report, Bobby Joseph, Leader, LIXIL, India & Subcon (GROHE, American Standard & INAX), said, “The India Real Estate Rich List is more than a list of the wealthy in the space, it is an indicator of the overall sentiment and direction of the industry. At GROHE, we rely on this as an important climate indicator to tune our strategy & marketing efforts. Also, it is heartening to see that wealth creation in the sector continued to be robust and that there are new entrants into the list, even in a pandemic year. The message coming out is definitely positive and uplifting."
In his comments, Hurun India MD and Chief Researcher, Anas Rahman Junaid, said, “Covid-19 was the litmus test for Indian real estate sector. We saw top developers in each city consolidating their market share. This could be the reason why the GROHE Hurun Real Estate Rich List registered the biggest churn of 27% since inception. Marred by Covid-19, the year 2020 showcased the resilience of the top developers in the country and not surprisingly the real estate business in India remains highly localised relative to similar/developed economies.”
Methodology: The GROHE Hurun India Real Estate Rich List 2020 is supplementary to
the Hurun India Rich List 2020. While we have tried to limit the valuation to
primary ownership in Indian real estate businesses registered with the Ministry
of Corporate Affairs. For instance, the Godrej group is a conglomerate with diverse business interests; Adi
Godrej has a valuation of INR 32,400 crore on the Hurun India Rich List 2020.
However, on the GROHE
Hurun India Real Estate Rich List 2020, we have considered the valuation of Godrej Properties for Adi Godrej, which would translate to INR 4,840 crore. Valuing the wealth of India’s richest is as much an art as it is a science. There may be inadvertent omissions, but we believe the GROHE Hurun India Real Estate Rich List 2020 to be the most comprehensive attempt to identify India’s top real estate entrepreneurs and to measure the value of their holdings. Our team of researchers has cross-checked information with entrepreneurs, industry experts, journalists, bankers, regulators, and government filings, as well as past databases. For non-listed companies, our valuation was based on a comparison with their listed equivalents using prevailing industry multiples such as Price to Earnings, Price to Sales, EV to Sales, EV to EBITDA, Net Asset Value and other methodologies including Discounted Cash Flow. We have used the latest available financial reports as the basis for arriving at the valuation. We have split wealth among siblings; for companies like Godrej Properties, we have split the net worth across five individuals. Grohe Hurun Real Estate Rich List has been compiled based on the valuation of real estate business owned by the entrepreneurs; The personal liabilities or debt of the entrepreneur is not considered for the net worth calculation.
About GROHE: GROHE is a world leader in sanitary fittings and a global brand, dedicated to providing innovative water products. For more than 85 years, GROHE has been committed to the brand values of technology, quality, design and sustainability that all illustrate GROHE’s commitment to creating exceptional experiences and to delivering “Pure Freude an Wasser” (Pure Joy of Water). With its engineering, innovation and design activities firmly anchored in Germany, GROHE products are thoughtfully created with best-in-class technologies. Over the past ten years alone, the success of GROHE has been confirmed by more than 240 design and innovation awards. Numerous high-profile projects around the globe are fitted with GROHE products, testifying to architects’, designers’ and developers’ preference for the brand. Find out more at: www.grohe.co.in
About Hurun Report: Hurun Report is a leading luxury publishing and events group established in London in 1998 with a strong presence in China and India. It is widely recognized world-over for its comprehensive evaluation of the wealthiest individuals across the globe. Hurun Report is the largest compiler of the Rich List globally. Hurun Report Inc. has 4 divisions: Hurun Report Media, a stable of digital media and four magazines; the Hurun Research Institute; Hurun Conferences, an active events division targeting entrepreneurs and high net worth individuals; and Hurun Investments, a US$20m early-stage venture capital fund with investments in tech, media, retail and education.
About
Hurun Report India: Hurun India commenced operations in 2012 and has been bringing to
light stories of successful and emerging Indian entrepreneurs ever since,
felicitating them at a bouquet of Hurun events hosted Pan-India. Hurun India serves as India’s definitive
voice celebrating wealth creation, innovation, and growth. Last year, Hurun
further expanded its repertoire by releasing the Hurun Global Rich List 2021, a
ranking of the 3,228 US dollar billionaires (so-called ‘Nine-Zero Club’) in the
world and the ninth India Rich List which ranks the 827 richest
individuals in India, allowing for comparisons
between some of the most dynamic economies in the world. The Hurun India
Philanthropy List ranks the most generous individuals in India and is now in
its 5th year. The Hurun Real Estate Rich List ranks the top real
estate developers in the country and is now in its’ 4th year. In
2018, Hurun Report launched the Hurun India Women Rich List, aimed at
celebrating the success stories of some of the most amazing
women wealth creators and inheritors.
In 2019, Hurun India Art List was launched, aimed at tracking some of the most
successful artists who are alive today by way of cumulative auction prices.
This we believe is a watershed moment in the art history of India, where we
expect more entrepreneurs to start collecting. In 2019, Hurun Luxury Consumer
Survey was debuted to understand and speak about the spending habits of
ultra-high net worth individuals. In 2020, Hurun India Unicorn Index was
debuted to track India’s top young wealth creators. In 2021, Hurun Wealth
Report was debuted to understand the macro-level wealth distribution of India. do
visit www.hurunindia.net for more details.
For media inquiries only please contact: Prajakta Bhonde/Juhi Nagar of PRHUB @+91 9892172821/+91 8588942150, prajakta@prhub.com/juhi@prhub.com; Vineeth Chandrababu, Hurun Report India, +91 99950 61106, vineeth@hurunindia.net; Rukmini Vaish, GROHE, +91 9999575754; rukmini.vaish@lixil.com
Disclaimer: All the data collection and the research for this list has been done by the Hurun Report. This report meant only for information purposes has been prepared with reasonable care and caution with information contained in this report obtained from sources that are considered reliable. By accessing and/or using any part of the report, the user accepts this disclaimer and exclusion of liability which operates to the benefit of Hurun Report. Hurun Report does not guarantee the accuracy, adequacy or completeness of any information contained in the report and neither shall it be responsible for any errors or omissions in or for the results obtained from the use of such information. No third party whose information is referenced in this report under the credit to it assumes any liability towards the user with respect to its information. Hurun Report shall not be liable for any decisions made by the user based on this report (including those of investment or divestiture) and the user takes full responsibility for their decisions made based on this report. Hurun Report shall not be liable to any user of this report (and expressly disclaim liability) for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential losses, loss of profit, lost business and economic loss regardless of the cause or form of action and regardless of whether or not any such loss could have been foreseen.
Notes to editor: The Hurun India Real Estate Rich List released today makes a serious attempt to understand and highlight achievement of real estate entrepreneurs through it as a medium. It’s a testament to their commitment to conceptualizing, designing, and building homes and commercial spaces that exemplify highest standards of living and complement the contemporary ever-evolving lifestyle with every amenity presented to inhabitants on a single platform. With a growing population, India currently has one of the top 5 most pronounced housing
shortages in the world and will need to build 25 million additional affordable housing units by 2030. Amidst systemic challenges, developers are working tirelessly towards the country’s infrastructural development and fuelling its growth. The belief is that GROHE Hurun India Real Estate Rich List 2020 serves as a recognition and encouragement for these entrepreneurs. Developers are hoping to get last-mile funding from the Rs.25,000 Crore SWAMIH (Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects) Investment Fund announced by the Central Government. Real estate and infrastructure are undoubtedly two of the most significant economic indicators and key to India becoming a US$ 5 trillion economy. India needs to create commercial and residential landmarks that are at par with prestigious addresses across the globe. Overall wealth creation in the country and the increase in per-capita income will result in increased demand for residential housing and commercial space. When China’s GDP was same as India’s present GDP, China had zero billionaires in its’ real state sector while it currently has 100+ billionaires from real estate alone.
Table 1: Top 10 on the GROHE HURUN INDIA REAL ESTATE RICH LIST 2020
|
Rank |
Name |
Net Worth INR Crore |
Main Company |
City of
Residence |
|
1- |
Mangal Prabhat Lodha & family |
44,270 |
Macrotech Developers |
Mumbai |
|
2- |
Rajiv Singh |
36,430 |
DLF |
New Delhi |
|
3↑ |
Chandru Raheja & family |
26,260 |
K Raheja |
Mumbai |
|
4↓ |
Jitendra Virwani |
23,220 |
Embassy Office Parks |
Bengaluru |
|
5↓ |
Niranjan Hiranandani |
20,600 |
Hiranandani Communities |
Mumbai |
|
6- |
Vikas Oberoi |
15,770 |
Oberoi Realty |
Mumbai |
|
7- |
Raja Bagmane |
15,590 |
Bagmane Developers |
Bengaluru |
|
8↑ |
Subhash Runwal & family |
11,450 |
Runwal Developers |
Mumbai |
|
9↑ |
Ajay Piramal & family |
6,560 |
Piramal Realty |
Mumbai |
|
10* |
Atul Ruia & family |
6,340 |
Phoenix Mills |
Mumbai |
↑ Rank increase yoy ↓ Rank decrease YoY - No Rank change yoy * New to Top 10
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
With a wealth of INR 44,270 crores, Mangal
Prabhat Lodha & family, 65 of Lodha Group is the richest person on the GROHE
Hurun India Real Estate Rich List 2020 for the fourth consecutive year. His
wealth increased by 39% in the current year. Founded in 1980 and headquartered
in Mumbai, Lodha is India’s largest real estate developer by sales value for
financial years 2014-20 and the second-largest by area delivered. Lodha Group
had the highest revenue from operations among all the real estate developers in
India during the pandemic hit year 2020.
With a wealth of INR 36,430
crores, Rajiv Singh, 61 of DLF
ranked second on the list and registered
an increase of 45% in wealth, backed by 50% rise in DLF’s share price.
Established in 1946, Delhi Land & Finance (DLF Limited) is the largest
publicly listed real estate company in India with properties in 15 states and
24 cities. DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF
and Singapore's sovereign wealth fund GIC has 34 million square feet of office
and retail properties generating an annual rental income of INR 3,500 crores.
With a 70% increase in wealth and current wealth of INR 26,260 crores, Chandru Raheja &
family, 80, of K Raheja Corp
moves up 2 spots and storms into the third spot in the GROHE Hurun India Real Estate Rich List 2020. K Raheja Corp has over 20 million square feet
of office space, making it the second-largest commercial developer in the
country. In July 2020, Mindspace
Business Parks REIT raised INR 4,500 crores through IPO, causing the
wealth gain. Mindspace is currently trading at a market cap of INR 18,000
crores.
With a wealth of INR 23,220 crores,
Jitendra Virwani, 54 of Embassy Office Parks ranks fourth in the
list. Founded in 1993 and headquartered in
Bengaluru, Embassy Group is India’s first Real Estate Investment Trust. The embassy
has developed over 55 million square feet of commercial, residential,
industrial & warehousing, retail and hospitality spaces in India and
overseas. In August 2020, Embassy Property Developments bought around 14% stake
in Indiabulls Real Estate from its promoter and plans to increase in stake in
the company.
The fifth spot is taken by Niranjan
Hiranandani, 70, Hiranandani Communities, whose real estate businesses
registered a valuation of INR
20,600 crores. In July 2020, the group launched the world's second-largest
data center, Yotta NM1 in its Integrated Yotta Data Center Park, under the
subsidiary Yotta Infrastructure, in Navi Mumbai. In 2019, the global private
equity firm, Blackstone tied up with Hiranandani Group to enter the warehousing
business in India.
With a 13% increase in wealth to INR 15,770
crores, Vikas Oberoi, 51 of Oberoi Realty is ranked sixth on the list. Oberoi Realty focused on premium
developments in the residential, office space, retail, hospitality, and social
infrastructure verticals. In December 2020, Oberoi Realty has bought out Sahana
Group’s 50% stake in the 221-key five-star hotel in Mumbai’s Worli area for INR
1,040 crores.
Raja Bagmane, 61 of Bagmane Developers ranks seventh on the list. With 17 million square feet of total operational size, Bagmane Developers is a leading developer of office spaces. Raja Bagmane, who registered a wealth of INR 15,590 crores increased his wealth by 57%, primarily due to a 50% increase in after tax profit in FY 20.
With a wealth of INR 11,450 crore and a
wealth increase of 61%, Subhash Runwal & family, 77 of Runwal
Developers moves up 1 spot to secure the eighth spot in the list. Subhash Runwal founded Runwal Group in 1978 and has
delivered over 51 residential projects. In May 2019, Runwal Group has partnered
with Warburg Pincus to create shopping malls across tier I, II, and III cities
in India.
With a wealth of INR 6,560 crores, Ajay Piramal
& family, 65, of Piramal Realty, moves up one spot to register ninth
on the list. Founded in 2010,
Piramal Realty develops luxury residential projects in Mumbai. In July 2015, private
equity firms Warburg Pincus and Goldman Sachs have invested in Piramal Realty.
The company has around 17 million square feet of residential and commercial
space under development in and around Mumbai.
With a wealth of INR 6,340 crores, Atul Ruia & family, 49, of Phoenix Mills ranks tenth on the GROHE Hurun Real Estate Rich List 2020. Phoenix Mills, which started as a textile manufacturing company in 1905, now owns and operates some of the most reputed luxury malls and hotels in the country. In December 2020, Phoenix has entered into a non-binding term sheet with an affiliate of Singapore’s GIC for a strategic retail-led mixed-use property development platform.
Chart 1:
Top 9 listed companies in the GROHE Hurun India Real Estate Rich List 2020 have almost recovered the losses they have registered since the lockdown.
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020, BSE
Table 2: GROHE
Hurun India Real Estate Rich List 2020 – The Biggest Gainers
|
Rank |
Name |
Change (%) |
Net
Worth INR Crore |
Company |
|
1 |
Bijay Kumar Agarwal & family |
290% |
4,170 |
Sattva Developers |
|
2 |
C Gopalan & family |
175% |
3,410 |
Gopalan Enterprises |
|
3 |
M Arun Kumar |
83% |
770 |
Casagrand |
|
4 |
Chandru Raheja & family |
70% |
26,260 |
K Raheja |
|
5 |
Mohinder Puri & family |
69% |
590 |
Puri Constructions |
Source:
Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Among states/UTs, Maharashtra tops with 37 in the list, followed by Delhi and Karnataka with 22 & 20 respectively.
Table 3: GROHE Hurun India Real Estate Rich List 2020
by State
|
Rank |
State |
No. of
Individuals |
Richest Individual |
Net
Worth INR Crore |
|
1 |
Maharashtra |
38 |
Mangal Prabhat Lodha & family |
44,270 |
|
2 |
Delhi |
22 |
Rajiv Singh |
36,430 |
|
3 |
Karnataka |
20 |
Jitendra Virwani |
23,220 |
|
4 |
Telangana |
5 |
Rameshwar Rao Jupally & family |
5,450 |
|
5 |
Haryana |
4 |
Roop Kumar Bansal |
4,970 |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
As per Hurun India
Wealth Report, Mumbai is home to the most number of millionaire households and
consequentially is home to the largest real estate companies in the country. Mumbai leads
the with 31 individuals in GROHE
Hurun India Real Estate Rich List 2020, followed by New Delhi and Bengaluru with 22
and 20 individuals respectively.
Table 4: GROHE Hurun
India Real Estate Rich List 2020 by City
|
Rank |
City |
No. of Individuals |
Richest
Individual |
Net Worth
INR Crore |
|
1 |
Mumbai |
31 |
Mangal Prabhat Lodha & family |
44,270 |
|
2 |
New Delhi |
22 |
Rajiv Singh |
36,430 |
|
3 |
Bengaluru |
20 |
Jitendra Virwani |
23,220 |
|
4 |
Hyderabad |
5 |
Rameshwar Rao Jupally & family |
5,450 |
|
4 |
Pune |
5 |
Atul Chordia & family |
3,830 |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Table 5: Top
Property Developers by City
|
City |
Name |
Main Company |
Company Value (INR Crore) |
|
New Delhi |
Rajiv Singh, Pia Singh & Renuka Talwar |
DLF |
57,637 |
|
Bikramjit Ahluwalia & family |
Ahluwalia Contracts |
1,781 |
|
|
Rohtas Goel & family |
Omaxe |
1,498 |
|
|
Mumbai |
Mangal Prabhat Lodha & family |
Macrotech Developers |
47,098 |
|
Adi Godrej, Jamshyd Godrej, Nadir Godrej, Rishad
Naoroji & Smita V Crishna |
Godrej Properties |
36,086 |
|
|
Vikas Oberoi |
Oberoi Realty |
21,198 |
|
|
Bengaluru |
Jitendra Virwani |
Embassy Office Parks |
32,680 |
|
Raja Bagmane |
Bagmane Developers |
14,437 |
|
|
Irfan Razack, Noaman Razack & Rezwan Razack |
Prestige Estates Projects |
10,662 |
|
|
Hyderabad |
C Venkateswara Reddy & S Subramanyam Reddy |
Aparna Constructions & Estates |
9,513 |
|
Rameshwar Rao Jupally & family |
My Home Constructions |
4,957 |
|
|
Pune |
Atul Chordia & family, Sagar Chordia &
family |
Panchshil Realty |
5,113 |
|
Rajesh Anirudha Patil & family & Milind
Kolte & family |
Kolte-Patil Developers |
1,856 |
|
|
Gurugram |
Roop Kumar Bansal & Basant Bansal |
M3M India |
9,200 |
|
|
Dharmendra Bhandari & Sunil Satija |
Bestech India |
627 |
|
Kolkata |
Apurva Salarpuria & family |
Salarpuria Properties |
1,732 |
|
Harshavardhan Neotia & family |
Ambuja Neotia |
1,690 |
|
|
Noida |
RK Arora & family |
Supertech |
694 |
|
Getamber Anand & family |
ATS Infrastructure |
635 |
|
|
Thane |
Shailesh Puranik & family |
Puranik Builders |
944 |
|
Chennai |
M Arun Kumar |
Casagrand |
703 |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Real Estate Categories
Based on target customers, residential developers can be further classified into-Premium, Middle Income Group & Affordable.
Table 6: GROHE Hurun India Real Estate Rich List
2020 Top Property Developers with a focus on Premium Housing
|
Rank |
Name |
Company |
Net Worth
INR Crore |
Change (%) |
|
1 |
Mangal Prabhat
Lodha & family |
Macrotech
Developers |
44,270 |
39% |
|
2 |
Chandru Raheja & family |
K Raheja |
26,260 |
70% |
|
3 |
Niranjan
Hiranandani |
Hiranandani
Communities |
20,600 |
21% |
|
4 |
Vikas
Oberoi |
Oberoi Realty |
15,770 |
13% |
|
5 |
Subhash
Runwal & family |
Runwal Developers |
11,450 |
61% |
|
6 |
Ajay
Piramal & family |
Piramal Realty |
6,560 |
0% |
|
7 |
Mofatraj Pukhraj Munot |
Kalpataru |
4,270 |
38% |
|
8 |
Kamal
Khetan & family |
Sunteck Realty |
3,800 |
-13% |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Table 7: GROHE
Hurun India Real Estate Rich List 2020 Top Developers focused on Middle Income
Group
|
Rank |
Name |
Company |
Net Worth INR Crore |
Change (%) |
|
1 |
Rameshwar Rao Jupally & family |
My Home Constructions |
5,450 |
49% |
|
2 |
PNC Menon & family |
Sobha |
2,350 |
-13% |
|
3 |
Ravi
Puravankara |
Puravankara |
1,610 |
28% |
|
4 |
Sameer Gehlaut
& family |
Indiabulls Real
Estate |
1,030 |
61% |
|
5 |
RK Arora &
family |
Supertech |
700 |
-29% |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Table 8:
GROHE Hurun India Real Estate Rich List 2020 Top Developers focused on Affordable
Housing
|
Rank |
Name |
Company |
Net Worth (INR Crore) |
Change (%) |
City |
|
1 |
C Venkateswara Reddy |
Aparna Constructions & Estates |
5,230 |
Revalued |
Hyderabad |
|
2 |
S Subramanyam Reddy |
Aparna Constructions & Estates |
5,180 |
Revalued |
Hyderabad |
|
3 |
Bijay Kumar Agarwal & family |
Sattva Developers |
4,170 |
290% |
Bengaluru |
|
4 |
Errol Fernandes |
Ferns Estates & Developers |
1,640 |
8% |
Bengaluru |
|
5 |
Harshavardhan Neotia & family |
Ambuja Neotia |
1,440 |
-18% |
Kolkata |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Table 9:
GROHE Hurun India Real Estate Rich List 2020 Top Residential Developers
|
Rank |
Name |
Company |
Net Worth-INR Crore |
City |
|
1 |
Mangal Prabhat Lodha & family |
Macrotech Developers |
44,270 |
Mumbai |
|
2 |
Niranjan Hiranandani |
Hiranandani Communities |
20,600 |
Mumbai |
|
3 |
Vikas Oberoi |
Oberoi Realty |
15,770 |
Mumbai |
|
4 |
Subhash Runwal & family |
Runwal Developers |
11,450 |
Mumbai |
|
5 |
Ajay Piramal & family |
Piramal Realty |
6,560 |
Mumbai |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Table 10: GROHE
Hurun India Real Estate Rich List 2020 Top Hospitality Property Developers
|
Rank |
Name |
Company |
Net Worth (INR Crore) |
City |
|
1 |
MA Yusuff Ali |
Lulu |
3,200 |
Abu Dhabi |
|
2 |
Prithvi Raj Singh Oberoi |
East India Hotels |
2,170 |
New Delhi |
|
3 |
Paul John |
The Paul Resorts & Hotels |
1,200 |
Bengaluru |
|
4 |
Patanjali Govind Keswani & family |
Lemon Tree Hotels |
950 |
New Delhi |
|
5 |
GVK Reddy & family |
Taj GVK Hotels & Resorts |
460 |
Hyderabad |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Table 11: GROHE
Hurun India Real Estate Rich List 2020 Top Commercial Property Developers
|
Rank |
Name |
Company |
Net Worth (INR Crore) |
City |
|
1 |
Rajiv Singh |
DLF |
36,430 |
New Delhi |
|
2 |
Chandru
Raheja & family |
K Raheja |
26,260 |
Mumbai |
|
3 |
Jitendra Virwani |
Embassy Office Parks |
23,220 |
Bengaluru |
|
4 |
Raja Bagmane |
Bagmane Developers |
15,590 |
Bengaluru |
|
5 |
Atul Ruia & family |
Phoenix Mills |
6,340 |
Mumbai |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Self-Made
entrepreneurs on the GROHE Hurun India Real Estate Rich List 2020
Mangal Prabhat Lodha & family of Macrotech Developers tops the List with INR 44,270 crore, followed by Jitendra Virwani and Niranjan Hiranandani with wealth INR 23,220 core and INR 20,600 crore respectively.
Table 12: GROHE Hurun India Real Estate Rich List 2020
Top 10 Self-made Individuals
|
Rank |
Name |
Company |
Net Worth (INR Crore) |
|
1 |
Mangal Prabhat Lodha & family |
Macrotech Developers |
44,270 |
|
2 |
Jitendra Virwani |
Embassy Office Parks |
23,220 |
|
3 |
Niranjan Hiranandani |
Hiranandani Communities |
20,600 |
|
4 |
Raja Bagmane |
Bagmane Developers |
15,590 |
|
5 |
Subhash Runwal & family |
Runwal Developers |
11,450 |
|
6 |
Rameshwar Rao Jupally & family |
My Home Constructions |
5,450 |
|
7 |
C Venkateswara Reddy |
Aparna Constructions & Estates |
5,230 |
|
8 |
S Subramanyam Reddy |
Aparna Constructions & Estates |
5,180 |
|
9 |
Roop Kumar Bansal |
M3M India |
4,970 |
|
10 |
Basant Bansal |
M3M India |
4,940 |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Blockbuster Debut: 27 individuals
debuted on the GROHE Hurun India Real Estate Rich List 2020):
Table 13: GROHE
HURUN INDIA REAL ESTATE RICH LIST 2020 Debut
|
Rank |
Name |
Net Worth - INR Crore |
Company |
|
1 |
Atul Chordia &
family |
3,830 |
Panchshil Realty |
|
2 |
A Mohan Raju &
family |
3,430 |
Kalyani Developers |
|
3 |
Kumar Pritamdas Gera
& family |
1,290 |
Gera Developments |
|
4 |
Pankaj Bajaj &
family |
1,170 |
Eldeco Infrastructure
& Properties |
|
5 |
Satish P Chandra &
family |
1,050 |
Global Tech Park |
|
6 |
G V Rao & family |
1,010 |
SAS Infra |
|
7 |
Kabul Chawla &
family |
940 |
BPTP |
|
8 |
Sagar Chordia &
family |
590 |
Panchshil Realty |
|
9 |
G Madhushudhan &
family |
570 |
Sumadhura Infracon |
|
10 |
Apurva Salarpuria
& family |
540 |
Salarpuria Properties |
|
11 |
Getamber Anand &
family |
510 |
ATS Infrastructure |
|
12 |
Naresh Jagumal Karda
& family |
400 |
Karda Constructions |
|
13 |
Dharmendra Bhandari |
320 |
Bestech India |
|
14 |
Sunil Satija |
320 |
Bestech India |
|
15 |
Punit Beriwala |
300 |
Vipul |
|
16 |
Srikant Krishnan |
290 |
Skyline Foundations
& Structures |
|
17 |
Lava Krishnan |
290 |
Skyline Foundations
& Structures |
|
18 |
KV Satish |
290 |
DS Max Properties |
|
19 |
Kulwant Singh &
family |
280 |
Janta Land Promoters |
|
20 |
Rahul R Katyal |
280 |
Capacite Infraprojects |
|
21 |
Abhay Chandak |
280 |
Chandak |
|
22 |
Aditya Chandak |
280 |
Chandak |
|
23 |
Manish Uppal & family |
280 |
Uppal Housing |
|
24 |
Ankur Gupta |
260 |
Ashiana Housing |
|
25 |
Varun Gupta |
260 |
Ashiana Housing |
|
26 |
Vishal Gupta |
260 |
Ashiana Housing |
|
27 |
Sanjay S Lalbhai &
family |
250 |
Arvind SmartSpaces |
Source: Hurun Research Institute 2020.GROHE
Hurun India Real Estate Rich List 2020
Table 14:
GROHE Hurun India Real Estate Rich List 2020 Veterans and Young Companies
|
Developer |
Years of Existence |
Developer |
Years of Existence |
|
DLF |
74 |
Capacite Infraprojects |
8 |
|
Parinee Realty |
57 |
Piramal Realty |
10 |
|
Puranik Builders |
52 |
Arvind SmartSpaces |
12 |
|
Ajmera Realty &
Infra India |
52 |
DS Max Properties |
13 |
|
Anant Raj |
51 |
M3M India |
13 |
|
Kalpataru |
51 |
Casagrand |
16 |
|
Marathon Nextgen
Realty |
51 |
Skyline Foundations
& Structures |
16 |
Source: Hurun Research Institute 2020.GROHE Hurun India Real Estate Rich List 2020
Second-generation
entrepreneurs have played a vital role in developing legacy companies, like
Abhishek Lodha, the son of MP Lodha, being the brain behind Lodha’s evolution as
the most valuable private brand in India.
Table 15:
GROHE Hurun India Real Estate Rich List 2020 Second Generation Movers and
Shakers
|
Company |
Second Generation |
Designation |
|
DLF |
Rajiv Singh |
Chairman |
|
Macrotech Developers |
Abhishek Lodha |
MD & CEO |
|
K Raheja |
Ravi C Raheja |
Group President |
|
Runwal Developers |
Sandeep Runwal |
Managing Director |
|
Piramal Realty |
Anand Piramal |
Founder |
|
Kalpataru |
C Parag M Munot |
Managing Director |
Source: Hurun Research Institute 2020.GROHE Hurun India Real Estate Rich List 2020
Sales Comparison - the percentage of companies
in various sales brackets.
Chart 16: GROHE Hurun India Real Estate Rich List 2020 Sales Range (All figures in INR Crore)
Source: GROHE Hurun India Real Estate Rich List 2020
11 companies on the List registered INR 2,000+ crore in sales. 26 companies registered INR 1,000+ Crore in sales compared to 20 last year.
Table 17: GROHE
Hurun India Real Estate Rich List 2020 Top 5 Real Estate Companies by Market Capitalization
|
No |
Company |
Market Cap (INR Crore) |
Promoter |
Primary Sector |
|
1 |
DLF |
57,637 |
Rajiv Singh |
Commercial |
|
2 |
Godrej Properties |
36,086 |
Godrej family |
Residential |
|
3 |
Embassy Office Parks |
32,680 |
Jitendra Virwani |
Commercial |
|
4 |
Oberoi Realty |
21,198 |
Vikas Oberoi |
Residential |
|
5 |
Mindspace Business Parks |
19,024 |
Chandru Raheja & family |
Commercial |
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
Table 18: Analysis
of the cut-off required for Top 10, 50 and 100 (2017-2020)
|
|
2020 INR Cr |
2019 INR Cr |
2018 INR Cr |
2017 INR Cr |
|
Top 10 |
6,340 |
6,560 |
5,900 |
3,350 |
|
Top 50 |
960 |
750 |
860 |
660 |
|
Top 100 |
250 |
300 |
300 |
310 |
Source: Hurun Research Institute; GROHE Hurun India Real Estate Rich List 2020
Table 19: Key
Star Signs in Grohe Hurun India Real Estate List 2020
|
Zodiac sign |
Total contribution to the list % |
Cumulative wealth % |
Richest Individual |
|
Aquarius |
14% |
14% |
Jitendra Virwani |
|
Pisces |
11% |
15% |
Niranjan Hiranandani |
|
Gemini |
11% |
8% |
Subhash Runwal & family |
|
Taurus |
9% |
14% |
Rajiv Singh |
|
Virgo |
9% |
11% |
Vikas Oberoi |
|
Libra |
8% |
11% |
Chandru Raheja & family |
|
Capricorn |
7% |
3% |
Smita V Crishna |
|
Aries |
7% |
1% |
Rajesh Anirudha Patil &
family |
|
Scorpio |
7% |
3% |
MA Yusuff Ali |
|
Cancer |
6% |
1% |
Harshavardhan Neotia &
family |
|
Sagittarius |
6% |
19% |
Mangal Prabhat Lodha &
family |
|
Leo |
4% |
1% |
Renuka Talwar |
Source: Hurun Research Institute; GROHE Hurun India Real Estate Rich List 2020
GROHE Hurun
India Real Estate Rich List 2020 – TOP 100
|
Rank |
Name |
Wealth |
Company |
City of Residence |
Primary Sector |
|
1 |
Mangal Prabhat Lodha & family |
44,270 |
Macrotech Developers |
Mumbai |
Residential |
|
2 |
Rajiv Singh |
36,430 |
DLF |
New Delhi |
Commercial |
|
3 |
Chandru Raheja & family |
26,260 |
K Raheja |
Mumbai |
Commercial |
|
4 |
Jitendra Virwani |
23,220 |
Embassy Office Parks |
Bengaluru |
Commercial |
|
5 |
Niranjan Hiranandani |
20,600 |
Hiranandani Communities |
Mumbai |
Residential |
|
6 |
Vikas Oberoi |
15,770 |
Oberoi Realty |
Mumbai |
Residential |
|
7 |
Raja Bagmane |
15,590 |
Bagmane Developers |
Bengaluru |
Commercial |
|
8 |
Subhash Runwal & family |
11,450 |
Runwal Developers |
Mumbai |
Residential |
|
9 |
Ajay Piramal & family |
6,560 |
Piramal Realty |
Mumbai |
Residential |
|
10 |
Atul Ruia & family |
6,340 |
Phoenix Mills |
Mumbai |
Commercial |
|
11 |
Rameshwar Rao Jupally & family |
5,450 |
My Home Constructions |
Hyderabad |
Residential |
|
12 |
C Venkateswara Reddy |
5,230 |
Aparna Constructions & Estates |
Hyderabad |
Residential |
|
13 |
S Subramanyam Reddy |
5,180 |
Aparna Constructions & Estates |
Hyderabad |
Residential |
|
14 |
Roop Kumar Bansal |
4,970 |
M3M India |
Gurugram |
Residential |
|
15 |
Basant Bansal |
4,940 |
M3M India |
Gurugram |
Residential |
|
16 |
Adi Godrej |
4,840 |
Godrej Properties |
Mumbai |
Residential |
|
16 |
Jamshyd Godrej |
4,840 |
Godrej Properties |
Mumbai |
Residential |
|
16 |
Smita V Crishna |
4,840 |
Godrej Properties |
Mumbai |
Residential |
|
16 |
Nadir Godrej |
4,840 |
Godrej Properties |
Mumbai |
Residential |
|
16 |
Rishad Naoroji |
4,840 |
Godrej Properties |
Mumbai |
Residential |
|
21 |
Mofatraj Pukhraj Munot |
4,270 |
Kalpataru
|
Mumbai |
Residential |
|
22 |
Bijay Kumar Agarwal & family |
4,170 |
Sattva Developers |
Bengaluru |
Residential |
|
23 |
Atul Chordia & family |
3,830 |
Panchshil Realty |
Pune |
Residential |
|
24 |
Kamal Khetan & family |
3,800 |
Sunteck Realty |
Mumbai |
Residential |
|
25 |
Renuka Talwar |
3,760 |
DLF |
New Delhi |
Commercial |
|
26 |
Pia Singh |
3,440 |
DLF |
New Delhi |
Commercial |
|
27 |
A Mohan Raju & family |
3,430 |
Kalyani Developers |
Bengaluru |
Commercial |
|
28 |
C Gopalan & family |
3,410 |
Gopalan Enterprises |
Bengaluru |
Commercial |
|
29 |
MA Yusuff Ali |
3,200 |
Lulu |
Abu Dhabi |
Hospitality |
|
30 |
Veeranna Reddy |
3,150 |
Embassy Office Parks |
Bengaluru |
Commercial |
|
31 |
Irfan Razack |
2,510 |
Prestige Estates Projects |
Bengaluru |
Residential |
|
31 |
Rezwan Razack |
2,510 |
Prestige Estates Projects |
Bengaluru |
Residential |
|
31 |
Noaman Razack |
2,510 |
Prestige Estates Projects |
Bengaluru |
Residential |
|
34 |
PNC Menon & family |
2,350 |
Sobha |
Bengaluru |
Residential |
|
35 |
MR Jaishankar |
2,230 |
Brigade Enterprises |
Bengaluru |
Commercial |
|
36 |
Prithvi Raj Singh Oberoi |
2,170 |
East India Hotels |
New Delhi |
Hospitality |
|
37 |
Rajendra Lodha |
2,140 |
Macrotech Developers |
Mumbai |
Residential |
|
38 |
Errol Fernandes |
1,640 |
Ferns Estates & Developers |
Bengaluru |
Residential |
|
39 |
Ravi Puravankara |
1,610 |
Puravankara |
Bengaluru |
Residential |
|
40 |
Harshavardhan Neotia & family |
1,440 |
Ambuja Neotia |
Kolkata |
Residential |
|
41 |
Anil Bhalla & family |
1,350 |
Vatika |
New Delhi |
Commercial |
|
42 |
Kumar Pritamdas Gera & family |
1,290 |
Gera Developments |
Pune |
Residential |
|
43 |
Boman Rustom Irani |
1,230 |
Keystone Realtors |
Mumbai |
Residential |
|
44 |
Paul John |
1,200 |
The Paul Resorts & Hotels |
Bengaluru |
Hospitality |
|
45 |
Pankaj Bajaj & family |
1,170 |
Eldeco Infrastructure & Properties |
New Delhi |
Residential |
|
46 |
Bikramjit Ahluwalia & family |
1,160 |
Ahluwalia Contracts |
New Delhi |
Construction |
|
47 |
Satish P Chandra & family |
1,050 |
Global Tech Park |
Bengaluru |
Commercial |
|
48 |
Sameer Gehlaut & family |
1,030 |
Indiabulls Real Estate |
Mumbai |
Residential |
|
49 |
G V Rao & family |
1,010 |
SAS Infra |
Hyderabad |
Commercial |
|
50 |
Rohtas Goel & family |
960 |
Omaxe |
New Delhi |
Commercial |
|
51 |
Patanjali Govind Keswani & family |
950 |
Lemon Tree |
New Delhi |
Hospitality |
|
52 |
Kabul Chawla & family |
940 |
BPTP |
New Delhi |
Residential |
|
53 |
Shapoorji Mistry |
890 |
Shapoorji Pallonji |
Monaco |
Residential |
|
53 |
Cyrus Mistry |
890 |
Shapoorji Pallonji |
Mumbai |
Residential |
|
55 |
M Arun Kumar |
770 |
Casagrand |
Chennai |
Residential |
|
56 |
RK Arora & family |
700 |
Supertech |
Noida |
Residential |
|
57 |
Manoj Gaur |
690 |
Gaursons India |
New Delhi |
Residential |
|
58 |
Sunil Mittal & family |
630 |
Bharti Realty |
New Delhi |
Commercial |
|
59 |
Chandresh Dinesh Mehta |
620 |
Keystone Realtors |
Mumbai |
Residential |
|
59 |
Percy Sorabji Chowdhry |
620 |
Keystone Realtors |
Mumbai |
Residential |
|
61 |
Rajesh Anirudha Patil & family |
600 |
Kolte-Patil Developers |
Pune |
Residential |
|
62 |
Sagar Chordia & family |
590 |
Panchshil Realty |
Pune |
Residential |
|
62 |
Mohinder Puri & family |
590 |
Puri Constructions |
New Delhi |
Residential |
|
62 |
Naresh Anirudha Patil & family |
590 |
Kolte-Patil Developers |
Bengaluru |
Residential |
|
65 |
G Madhushudhan & family |
570 |
Sumadhura Infracon |
Bengaluru |
Residential |
|
66 |
Ashok Sarin |
550 |
Anant Raj |
New Delhi |
Residential |
|
67 |
Apurva Salarpuria & family |
540 |
Salarpuria Properties |
Kolkata |
Commercial |
|
68 |
Vijay Vasudev Wadhwa |
530 |
Wadhwagroup Holdings |
Mumbai |
Residential |
|
69 |
Getamber Anand & family |
510 |
ATS Infrastructure |
Noida |
Residential |
|
70 |
Rasesh B Kanakia & family |
500 |
Kanakia Spaces Realty |
Mumbai |
Residential |
|
71 |
Shyama Raju & family |
480 |
Divyasree Developers |
Bengaluru |
Residential |
|
72 |
GVK Reddy & family |
460 |
Taj GVK Hotels & Resorts |
Hyderabad |
Hospitality |
|
73 |
Naresh Jagumal Karda & family |
400 |
Karda Constructions |
Nashik |
Construction |
|
73 |
Ramniklal Z Shah & family |
400 |
Marathon Nextgen Realty |
Mumbai |
Residential |
|
75 |
Rakesh Bharti Mittal |
390 |
Bharti Realty |
New Delhi |
Commercial |
|
75 |
Rajan Bharti Mittal |
390 |
Bharti Realty |
New Delhi |
Commercial |
|
75 |
Rajnikant Shamalji Ajmera & family |
390 |
Ajmera Realty & Infra India |
Mumbai |
Residential |
|
75 |
Anand Mahindra & family |
390 |
Mahindra Lifespace Developers |
Mumbai |
Residential |
|
75 |
Suresh L Raheja & family |
390 |
Raheja Universal |
Mumbai |
Residential |
|
80 |
Rohit R Katyal |
370 |
Capacite Infraprojects |
Mumbai |
Construction |
|
81 |
Sunil Goel & family |
360 |
Omaxe |
New Delhi |
Commercial |
|
82 |
Bhaskar N Raju |
340 |
Divyasree Developers |
Bengaluru |
Residential |
|
83 |
Dharmendra Bhandari |
320 |
Bestech India |
Gurugram |
Residential |
|
83 |
Sunil Satija |
320 |
Bestech India |
Gurugram |
Residential |
|
83 |
Milind Kolte & family |
320 |
Kolte-Patil Developers |
Pune |
Residential |
|
86 |
Punit Beriwala |
300 |
Vipul |
New Delhi |
Residential |
|
86 |
Shailesh Puranik & family |
300 |
Puranik Builders |
Thane |
Residential |
|
88 |
Srikant Krishnan |
290 |
Skyline Foundations & Structures |
Trivandrum |
Residential |
|
88 |
Lava Krishnan |
290 |
Skyline Foundations & Structures |
Cochin |
Residential |
|
88 |
KV Satish |
290 |
DS Max Properties |
Bengaluru |
Residential |
|
88 |
Nilesh Puranik & family |
290 |
Puranik Builders |
Mumbai |
Residential |
|
92 |
Kulwant Singh & family |
280 |
Janta Land Promoters |
Mohali |
Commercial |
|
92 |
Manish Uppal & family |
280 |
Uppal Housing |
New Delhi |
Residential |
|
92 |
Rahul R Katyal |
280 |
Capacite Infraprojects |
Mumbai |
Construction |
|
92 |
Abhay Chandak |
280 |
Chandak |
Mumbai |
Residential |
|
92 |
Aditya Chandak |
280 |
Chandak |
Mumbai |
Residential |
|
97 |
Vishal Gupta |
260 |
Ashiana Housing |
New Delhi |
Residential |
|
97 |
Ankur Gupta |
260 |
Ashiana Housing |
New Delhi |
Residential |
|
97 |
Varun Gupta |
260 |
Ashiana Housing |
New Delhi |
Residential |
|
100 |
Sanjay S Lalbhai & family |
250 |
Arvind SmartSpaces |
Ahmedabad |
Residential |
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