Following closely is Mangal Prabhat Lodha , founder of Macrotech Developers , with a significant Rs 91,700 crore, securing the second position.
Known for his strategic acumen and vision, Gautam Adani has steered Adani Realty into the top 10 in this year's list.
Macrotech Developers follows closely with a valuation of Rs 1.4 lakh crore, showcasing an impressive 160 percent surge.
Embassy Office Parks, valued at Rs 33,150 crore, holds the tenth spot in the list.The 2024 GROHE-Hurun report not only celebrates individual wealth but also highlights the resilience and growth of India's leading real estate companies amidst economic shifts.
These rankings underscore the evolving dynamics and strategic moves within the real estate sector, positioning these entrepreneurs and companies as pivotal players in India's economic landscape.
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The recently released 2024 GROHE-Hurun India Real Estate 100 report provides a comprehensive view of India's real estate landscape, detailing the individuals and companies leading in wealth and valuation as of May 31, 2024.Rajiv Singh, Chairman of DLF, emerges at the pinnacle with a wealth of Rs 1,24,420 crore, underscoring DLF 's dominance in the industry. Following closely is Mangal Prabhat Lodha , founder of Macrotech Developers , with a significant Rs 91,700 crore, securing the second position. Gautam Adani of Adani Realty claims the third spot with Rs 56,500 crore, marking a notable 62 percent increase since 2023.According to Hurun, "Gautam Adani and family secured the third position with a wealth of INR 56,500 crore, marking a 62 per cent increase since 2023. Known for his strategic acumen and vision, Gautam Adani has steered Adani Realty into the top 10 in this year's list."Vikas Oberoi of Oberoi Realty follows closely in the fourth position with a wealth of Rs 44,820 crore, trailed by Chandru Raheja & family of K Raheja Group (Rs 43,710 crore), Atul Ruia of The Phoenix Mills (Rs 26,370 crore), Raja Bagmane of Bagmane Developers (Rs 19,650 crore), and Jitendra Virwani of Embassy Office Parks (Rs 16,000 crore).Irfan Razack, Rezwan Razack, and Noaman Razack of Prestige Estates Projects hold the ninth spot on the list, each with a wealth of Rs 13,970 crore, marking a remarkable 230 percent increase.DLF leads the corporate valuation charts with a robust Rs 2 lakh crore, reflecting a substantial 72 percent growth. Macrotech Developers follows closely with a valuation of Rs 1.4 lakh crore, showcasing an impressive 160 percent surge. The Indian Hotels Company (IHCL), known as the Taj Group, secures the third position with a valuation of Rs 79,150 crore, indicating a 43 percent growth. Godrej Properties ranks fourth with a valuation of Rs 77,280 crore, highlighting its strong market presence.Established in 1902 by Jamsetji Tata and led by Puneet Chhatwal, IHCL manages a diverse portfolio of luxury, premium, and business hotels across India and internationally. Adani Realty, part of the Adani Group, emerged as the highest bidder earlier this year for the redevelopment of a 24-acre plot at Bandra Reclamation land parcel, put up by the Maharashtra State Road Transport Corporation (MSRDC).The Phoenix Mills ranks eighth with a valuation of Rs 55,740 crore, while K Raheja Group occupies the ninth position with a valuation of Rs 55,300 crore. Embassy Office Parks, valued at Rs 33,150 crore, holds the tenth spot in the list.The 2024 GROHE-Hurun report not only celebrates individual wealth but also highlights the resilience and growth of India's leading real estate companies amidst economic shifts. These rankings underscore the evolving dynamics and strategic moves within the real estate sector, positioning these entrepreneurs and companies as pivotal players in India's economic landscape.(With inputs from PTI)
