Mangal Prabhat Lodha named India’s richest actual property developer by Hurun India

Despite the COVID-19-led slowdown in the actual property sector, the full wealth of the 100 richest builders in India jumped a full 26 per cent year-on-year to Rs 3,48,660 crore, in accordance with the GROHE Hurun India Real Estate Rich List 2020.
According to the report, Mangal Prabhat Lodha of Macrotech Developers (Lodha Group), having a wealth of Rs 44,270 crore, topped the checklist for the fourth yr in a row. His wealth elevated by 39 per cent within the yr 2020. Lodha Group had the best income from operations amongst all the actual property builders in India through the pandemic hit yr 2020, the checklist stated.
He was adopted by Rajiv Singh of DLF, who stood second within the GROHE Hurun India Real Estate Rich List with a wealth of Rs 36,430 crore. Singh registered a rise of 45 per cent in wealth, backed by a 50 per cent rise in DLF’s share worth.

Established in 1946, Delhi Land & Finance (DLF Limited) is the biggest publicly listed actual property firm in India with properties in 15 states and 24 cities. DLF Cyber City Developers Ltd (DCCDL), a three way partnership between DLF and Singapore’s sovereign wealth fund GIC has 34 million sq. toes of workplace and retail properties producing an annual rental revenue of Rs 3,500 crores.
With a 70 per cent improve in wealth to Rs 26,260 crore, Chandru Raheja and his household of Ok Raheja Corp moved up two spots to the third spot. It has over 20 million sq. toes workplace area, making it the second-largest business developer.
Here’s the checklist of top-10 builders in India:
Rank
 Name 
Net Worth INR Crore
Main Company
 City of Residence 
1-
Mangal Prabhat Lodha & household
44,270
Macrotech Developers
Mumbai
2-
Rajiv Singh
36,430
DLF
New Delhi
3↑
Chandru Raheja & household
26,260
Ok Raheja
Mumbai
4↓
Jitendra Virwani
23,220
Embassy Office Parks
Bengaluru
5↓
Niranjan Hiranandani
20,600
Hiranandani Communities
Mumbai
6-
Vikas Oberoi
15,770
Oberoi Realty
Mumbai
7-
Raja Bagmane
15,590
Bagmane Developers
Bengaluru
8↑
Subhash Runwal & household
11,450
Runwal Developers
Mumbai
9↑
Ajay Piramal & household
6,560
Piramal Realty
Mumbai
10*
Atul Ruia & household
6,340
Phoenix Mills
Mumbai
Source: Hurun Research Institute 2020. GROHE Hurun India Real Estate Rich List 2020
During the pandemic-savaged yr, when residence gross sales plunged and business realty was going through a troublesome time, there have been eight dollar-billionaires and 27 new entrants within the checklist of the top-100 richest builders, the report stated.

The GROHE Hurun India Real Estate Rich List 2020 ranked 100 people from 71 firms and 15 cities. This is the 4th yr of the rating and wealth calculations are as of December 31, 2020. It additionally stated that the highest 9 listed firms within the checklist have nearly recovered the losses they’ve registered because the lockdown.
Commenting on the checklist, Hurun India MD and Chief Researcher Anas Rahman Junaid stated, “Covid-19 was the litmus test for the Indian real estate sector. We could see a common trend that the top developers in each city consolidating their market share. This could be the reason why the GROHE Hurun Real Estate Rich List registered the biggest churn of 27 per cent since inception.”