DLF's Rajiv Singh Tops List of Richest Real Estate Promoters, Gautam Adani at Number Three
DLF’s Rajiv Singh remains the wealthiest real estate promoter in India, according to the 2025 Grohe-Hurun India Real Estate 150 report. Gautam Adani, despite a 7% drop in real estate wealth, ranks third.
Real EstateDlfRajiv SinghGautam AdaniAdani PropertiesReal EstateJul 31, 2025
Singh is followed by real estate magnate and politician Mangal Prabhat Lodha's family, which owns Lodha Developers (formerly Macrotech Developers). The promoters' stake is valued at Rs 92,340 crore, while the Mumbai-based developer is valued at around Rs 1.38 lakh crore.
The report also found that Adani Group chairman Gautam Adani's real estate wealth, valued at around Rs 52,320 crore, would make him the third wealthiest real estate promoter in India. This is despite a 7 percent drop in his real estate wealth from June 2024 to June 2025, compared to the previous period.
Gautam Adani's family owns Adani Properties, which is developing multiple large, township-like projects in cities like Mumbai, most notably the Dharavi redevelopment project, as well as similar projects at Bandra Reclamation, and most recently in Goregaon's Motilal Nagar. The company has also pursued group housing projects in areas such as Andheri, Ghatkopar, Kanjurmarg, and Bandra (East).
The company is planning other township projects near the under-construction Navi Mumbai International Airport as well, which is being built by the Adani Group and is scheduled to be operational later this year.
In the Grohe-Hurun India report, Adani Properties, which markets its projects under the Adani Realty brand, was reported to be the most valued unlisted real estate firm in India, valued at Rs 52,400 crore. Unlike other new businesses of the Adani Group that are incubated by group flagship Adani Enterprises, Adani Properties is held directly by the promoters. Gautam Adani has publicly expressed a desire to become one of the top pan-India real estate developers, including in Mumbai, India's largest residential real estate market.
In its home base of Ahmedabad, the company is also pursuing multiple group housing projects, and has also built the Shantigram development near its corporate headquarters in the city. The company has built up significant land parcels in major markets like Mumbai, either through direct ownership, or by gaining development rights as per regulations in the Slum Rehabilitation Authority and the Maharashtra Housing and Area Development Authority.
Frequently Asked Questions
Who is the richest real estate promoter in India according to the 2025 Grohe-Hurun India Real Estate 150 report?
DLF’s chairman Rajiv Singh is the richest real estate promoter in India, with a wealth of around Rs 1.28 lakh crore.
What is the value of DLF, the company chaired by Rajiv Singh?
DLF, the company chaired by Rajiv Singh, is valued at Rs 2.07 lakh crore.
Who is the second richest real estate promoter in India?
Mangal Prabhat Lodha's family, which owns Lodha Developers, is the second richest with a promoters' stake valued at Rs 92,340 crore.
What is the current real estate wealth of Gautam Adani?
Gautam Adani's real estate wealth is valued at around Rs 52,320 crore, making him the third wealthiest real estate promoter in India.
What major projects is Adani Properties developing in Mumbai?
Adani Properties is developing multiple large, township-like projects in Mumbai, including the Dharavi redevelopment project, Bandra Reclamation, and Goregaon's Motilal Nagar.
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