DLF's Rajiv Singh Tops 2025 GROHE-Hurun India Real Estate Rich List
Rajiv Singh of DLF leads the 2025 GROHE-Hurun India Real Estate Rich List with a wealth of ₹1.27 lakh crore, followed by Mangal Prabhat Lodha and family, and Gautam Adani and family. The list highlights the significant wealth and influence of real estate developers in India.
Real EstateWealthDlfMumbaiBengaluruReal Estate MumbaiJul 31, 2025
Of the top 10 on the real estate rich list, four are from Bengaluru, three from Mumbai, two each from Hyderabad and Delhi-NCR, and one from Ahmedabad. This geographical distribution highlights the diverse and robust real estate market across these cities, each contributing significantly to the overall wealth and development of the sector.
The fourth in the rich list is Vikas Oberoi of Oberoi Realty, with a wealth of ₹46,950 crore, and fifth is Basant Bansal and family of M3M India, with a wealth of ₹37,390 crore. Atul Ashokkumar Ruia and family of The Phoenix Mills have ranked sixth with a wealth of ₹26,140 crore, while Raja Bagmane and family of Bagmane Developers have ranked seventh with a wealth of ₹25,270 crore.
The eighth and ninth spots went to S Subramanyam Reddy and C Venkateswara Reddy of Aparna Constructions and Estates, who have a wealth of ₹18,690 crore and ₹18,490 crore, respectively. Irfan Razack and family, Noaman Razack and family, and Rezwan Razack and family, all three of Prestige Estates Projects, are in the 10th spot with a wealth of ₹14,510 crore each.
Among the top gainers in 2025, Raja Bagmane of Bagmane Developers emerged with the highest percentage growth, followed by Atul Ashokkumar Ruia of The Phoenix Mills and Vikas Oberoi of Oberoi Realty, both of whom posted healthy gains of 10% and 5%, respectively. These gains helped solidify their positions among the upper ranks of the real estate rich list.
According to the report, DLF leads in total construction 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, BL Kashyap & Sons ranks fifth with 125 million sq ft, and Lodha Developers is sixth with 100 million sq ft.
The report also highlighted the companies that reduced their debt significantly. Oberoi Realty reduced its debt by ₹1,449 crore, bringing its total debt down to ₹2,495 crore. Lodha Developers followed with a reduction of ₹1,363 crore, bringing its total debt to ₹7,698 crore. Juniper Hotels, Omkar Realtors, and Bagmane Developers ranked third, fourth, and fifth, respectively, in terms of debt reduction.
These findings underscore the resilience and strategic financial management of these companies, which have played a crucial role in their continued success and growth in the highly competitive real estate sector.
Frequently Asked Questions
Who leads the 2025 GROHE-Hurun India Real Estate Rich List?
Rajiv Singh from DLF leads the 2025 GROHE-Hurun India Real Estate Rich List with a wealth of ₹1.27 lakh crore.
What is the wealth of Mangal Prabhat Lodha and family?
Mangal Prabhat Lodha and the family of Lodha Developers have a wealth of ₹92,340 crore.
Which cities are represented in the top 10 real estate rich list?
The top 10 real estate rich list includes developers from Bengaluru, Mumbai, Hyderabad, Delhi-NCR, and Ahmedabad.
Which company has the highest total construction in terms of sq ft?
DLF leads in total construction with 349 million sq ft developed.
Which company reduced its debt the most?
Oberoi Realty reduced its debt by ₹1,449 crore, bringing its total debt down to ₹2,495 crore.
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