Lodha group tops India Real Estate Rich List |
The third edition of `GROHE Hurun India Real Estate Rich List 2019` was released recently. The list was released by the famous Hurun Report and GROHE India, featuring the richest real estate entrepreneurs in India. With a wealth of INR 31,960 Crore, Mangal Prabhat Lodha & family of Macrotech Developers retained the top spot in GROHE Hurun India Real Estate Rich List 2019 for the second consecutive year. Backed by strong sales of the flagship company Macrotech Developers, At number two is Rajiv Singh of DLF with a wealth of INR 25,080 crore – up 42% as compared to 2018. Jitendra Virwani of Embassy Property Developments bagged the third spot with a wealth of 24,750 Crore. The GROHE Hurun India Real Estate Rich List 2019 is a snapshot of wealth as on 30th September 2019. Mumbai, accounted for 6 of the top 10 in the list of 100 while Delhi and Bengaluru accounted for 19 residents each featured on the List of 100. In a year, when the Indian real estate by and large faced multiple challenges – from slowdown to funds crunch to spotty demand – the average wealth of top 100 richest Indians from the sector increased by 16% to INR 2,743 crore. At the same time, the sector added 2 more US Dollar billionaires – taking the total to 9 this year. Around 59% of the individuals mentioned on GROHE Hurun India Real Estate Rich List 2019 are first-generation entrepreneurs compared to 47% in IIFL Wealth Hurun India Rich List 2019.
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