Jul 12, 2024
By: Ankush Banerjee
Credit: iStock
The 2024 GROHE-HURUN INDIA REAL ESTATE 100 is here with an entry bar of Rs 200 crore – a 30% jump from last year! Mumbai leads with 33 companies, followed by Bengaluru (15), New Delhi (14), and Gurugram (10). Meet the real estate moguls shaping India!
Credit: iStock
Irfan, 70 (in pic), Rezwan, 69, and Noaman Razack, 66, of Prestige Estates Projects are ninth, each with Rs 13,970 crore, a 230% increase. They plan to double their hospitality portfolio with Rs 1,700 crore investment.
Credit: @hyderabadprop/via X
Jitendra Virwani, 58, of Embassy Group, is eighth with Rs 18,000 crore despite a 53% decrease since last year. Embassy Group is renowned for its commercial properties.
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Raja Bagmane, 64, of Bagmane Developers, is seventh with Rs 19,650 crore, a 5% increase over last year. They recently leased office space to Texas Instruments for Rs 1.4 crore/month.
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Atul Ruia, 53, ranks sixth with Rs 26,370 crore, a 110% increase over the previous year. Phoenix Mills is expanding with a third mall in Thane and exploring new hotel ventures.
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With Rs 43,710 crores, Chandru Raheja (in pic) and family of K Raheja Group are fifth with a 65% wealth increase over the past year. They plan to redevelop SOBO Central Mall into a high-end residential project.
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Vikas Oberoi, 54, of Oberoi Realty, rises to fourth with Rs 44,820 crore, a 96% surge since last year. Oberoi Realty expanded into NCR after acquiring 14.81 acres in Gurugram for Rs 597 crore.
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Gautam Adani and family, with Rs 56,500 crore, take third place, marking a 62% wealth increase since the previous year. Adani Realty joins the top 10 this year.
Credit: BCCL
With Rs 91,700 crore, Mangal Prabhat Lodha and family of Macrotech Developers hold the second spot. They hit record pre-sales of Rs 14,520 crore in FY24.
Credit: @MPLodha/via X
Rajiv Singh, 65, Managing Director of DLF, leads with a wealth of Rs 1.2 lakh crore. He was honored with the Udyog Ratna Award in 2005.
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