India's richest real estate tycoons and their net-worth revealed

Mumbai: India is the second-most populated countries in the world as it has over 130 crore people that bring in the need for building many houses and buildings. This is the reason real estate is one of the most valuable assets a person can own. As the cost of living is increasing day by day, the cost of land and properties are spiralling sky-high.

Hurun Report and GROHE India released the third edition of Real Estate List 2019 on Monday, December 9 featuring 100 richest real estate entrepreneurs in India.

Here are the top 5 richest real estate entrepreneurs in India.

1. Mangal Prabhat Lodha – Rs. 31,960 crore

The top spot of the list was retained by Mangal Prabhat Lodha and family for the second time that runs Macrotech Developers which previously named Lodha Developers. MP Lodha is also chief of BJP’s Mumbai CHief with a net worth of Rs.31,960 crore.

2. Rajiv Singh – Rs. 25,080 crore

DLF India Vice-Chairman Rajiv Singh ranked in the second spot with a net worth of Rs. 25,080 crore.

3.Jitendra Virwani – Rs. 24,750 crore

He is followed by Jitendra Virwani of Embassy Property Developments based in Bengaluru with a net wealth of rs. 24,750 crore.

4. Niranjan Hiranandani – Rs. 17,030 crore

Hiranandani Communities chief, Niranjan Hirananandini ranked fourth in the list with an estimated net worth of  Rs. 17,030 crore.

5. Chandra Raheja – Rs. 15,480 crore

K Raheja’s Chandra Raheja and family entered the 5th spot in the list with the net worth of rs. 15,480 crore.

The figures for net worth in the list were taken from September 30, 2019, and might vary now. Interestingly, out of the top 10 tycoons, 6 of them are based in Mumbai.

37 members out of 100 on the list are based in Mumbai followed by Bengaluru and Delhi with 19 members each. The combined net worth of the richest sums up to rs. 1,61,550 crore.