DLF, Lodha, and Adani Maintain Top Positions in Real Estate Rich List
DLF’s Rajiv Singh and the Lodha family top the Grohe-Hurun Real Estate Rich List, while Gautam Adani’s wealth declined by 7% due to market challenges.
Real EstateRich ListDlfLodhaAdaniReal EstateAug 01, 2025
While the real estate wealth of DLF’s Rajiv Singh is ₹1.27 lakh crore and that of Mangal Prabhat Lodha and the Lodha Developers family is pegged at ₹92,340 crore, Gautam Adani and the Adani Realty family have real estate wealth of ₹52,320 crore. The decline in Adani’s wealth is attributed to a shift in metrics by Hurun India in ascertaining value and wealth, despite the company expanding its realty projects.
In contrast to last year’s surge, this year has been modest for Indian real estate, with 51% of the companies on the list of 150 seeing their value increase, compared to 86% last year. Anas Rahman Junaid, founder and chief researcher of Hurun India, attributed this to geopolitical tensions and fears of rising input costs from global tariff disruptions. “Now, with the latest announcement of a 25% tariff plus penalty, it’s a wait-and-watch situation,” he added.
The fourth in the Grohe-Hurun list is Vikas Oberoi of Oberoi Realty, with real estate wealth of ₹46,950 crore, and in the fifth place is Basant Bansal and the family of M3M India, with wealth of ₹37,390 crore. “Seventy percent of the companies mentioned in the list have a presence in Tier 1 cities, and 85 companies have a presence beyond their home states,” said Junaid.
Four companies in the list are led by women, namely Pavitra Shankar of Brigade Enterprises (₹27,200 crore), Priya Paul of Apeejay Surrendra Park Hotels (₹3,600 crore), Jyotsna Suri of The Lalit (₹3,000 crore), and Meenakshi Ramji of Sowparnika (₹2,800 crore).
Interestingly, hospitality player Oyo, led by Ritesh Agarwal, has made a debut in the rich list by entering directly into the top 15 with a valuation of ₹32,500 crore.
Among the top gainers are Raja Bagmane of Bagmane Developers, who emerged with the highest percentage of 29% growth, followed by Atul Ashokkumar Ruia of Phoenix Mills and Vikas Oberoi of Oberoi Realty, both of whom posted healthy gains of 10% and 5%, respectively. This helped solidify their positions among the upper ranks.
DLF leads with 349 million sq ft developed, followed by Godrej Properties, which ranks second with 223 million sq ft. Prestige Estates Projects is third with 180 million sq ft developed, Sobha is fourth with 136 million sq ft, B L Kashyap & Sons ranks fifth with 125 million sq ft, and Lodha Developers is sixth with 100 million sq ft.
Frequently Asked Questions
Who are the top three real estate tycoons in India according to the Grohe-Hurun Real Estate Rich List?
The top three real estate tycoons in India are DLF’s Rajiv Singh, the Lodha family (excluding Abhinandan Lodha), and Gautam Adani.
Why did Gautam Adani’s wealth decline by 7% in the real estate sector?
Gautam Adani’s wealth declined by 7% due to a shift in metrics by Hurun India in ascertaining value and wealth, despite the company adding realty projects to its portfolio.
Which company made a debut in the top 15 of the real estate rich list?
Oyo, led by Ritesh Agarwal, made a debut in the top 15 of the real estate rich list with a valuation of ₹32,500 crore.
How many companies in the list are led by women?
Four companies in the list are led by women: Pavitra Shankar of Brigade Enterprises, Priya Paul of Apeejay Surrendra Park Hotels, Jyotsna Suri of The Lalit, and Meenakshi Ramji of Sowparnika.
What are the reasons for the modest performance of Indian real estate this year?
The modest performance of Indian real estate this year is attributed to geopolitical tensions and fears of rising input costs from global tariff disruptions.
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