In the latest GROHE-Hurun India Real Estate Rich List 2025, Rajiv Singh, Chairman of DLF, has been crowned the richest real estate developer in India. With an astounding personal wealth of ₹1.27 lakh crore, Singh maintains a solid lead over his peers, reinforcing DLF’s dominance in the Indian property market.
Who Are India’s Top Real Estate Billionaires?
Coming in second is Mangal Prabhat Lodha and family of Lodha Developers, boasting a net worth of ₹92,340 crore. Third on the list is Gautam Adani and his family under Adani Realty, holding ₹52,320 crore in real estate assets.
The fourth spot goes to Vikas Oberoi of Oberoi Realty, whose net worth stands at ₹46,950 crore, while Basant Bansal and family of M3M India secure the fifth rank with ₹37,390 crore.
Who Else Made It to the Top 10?
- Atul Ashokkumar Ruia & family (The Phoenix Mills): ₹26,140 crore (Rank 6)
- Raja Bagmane & family (Bagmane Developers): ₹25,270 crore (Rank 7)
- S Subramanyam Reddy (Aparna Constructions): ₹18,690 crore (Rank 8)
- C Venkateswara Reddy (Aparna Constructions): ₹18,490 crore (Rank 9)
- Irfan, Noaman & Rezwan Razack (Prestige Estates Projects): ₹14,510 crore each (Joint Rank 10)
Interestingly, the geographical distribution of the real estate elite reveals that Bengaluru is home to four of the top 10 names, followed by Mumbai (3), Delhi-NCR (2), Hyderabad (2), and Ahmedabad (1).
Who Saw the Highest Wealth Growth in 2025?
When it comes to the biggest jumps in personal wealth, Raja Bagmane of Bagmane Developers takes the lead with the highest percentage growth this year. Atul Ashokkumar Ruia (The Phoenix Mills) and Vikas Oberoi (Oberoi Realty) also saw notable surges in their fortunes—up by 10% and 5%, respectively.
Who Leads in Construction by Square Footage?
According to the report, DLF is not only the richest developer but also the leader in terms of total constructed area, having developed a staggering 349 million sq ft to date.
Here’s how the rest stack up:
- Godrej Properties – 223 million sq ft
- Prestige Estates Projects – 180 million sq ft
- SOBHA Ltd – 136 million sq ft
- BL Kashyap & Sons – 125 million sq ft
- Lodha Developers – 100 million sq ft
Which Developers Reduced the Most Debt?
On the financial front, Oberoi Realty made significant progress by reducing its debt by ₹1,449 crore, bringing total liabilities down to ₹2,495 crore. Lodha Developers followed, slashing ₹1,363 crore off their debt, bringing it to ₹7,698 crore.
Other top performers in debt reduction include:
- Juniper Hotels
- Omkar Realtors
- Bagmane Developers
What Does This Mean for the Indian Real Estate Sector?
This year’s list not only celebrates wealth but also underlines the ongoing consolidation and maturity of the Indian real estate market. With improved debt metrics, aggressive construction portfolios, and steady wealth growth, top developers are setting a precedent in balancing growth with financial prudence.
In the latest GROHE-Hurun India Real Estate Rich List 2025, Rajiv Singh, Chairman of DLF, has been crowned the richest real estate developer in India. With an astounding personal wealth of ₹1.27 lakh crore, Singh maintains a solid lead over his peers, reinforcing DLF’s dominance in the Indian property market.
Who Are India’s Top Real Estate Billionaires?
Coming in second is Mangal Prabhat Lodha and family of Lodha Developers, boasting a net worth of ₹92,340 crore. Third on the list is Gautam Adani and his family under Adani Realty, holding ₹52,320 crore in real estate assets.
The fourth spot goes to Vikas Oberoi of Oberoi Realty, whose net worth stands at ₹46,950 crore, while Basant Bansal and family of M3M India secure the fifth rank with ₹37,390 crore.
Who Else Made It to the Top 10?
- Atul Ashokkumar Ruia & family (The Phoenix Mills): ₹26,140 crore (Rank 6)
- Raja Bagmane & family (Bagmane Developers): ₹25,270 crore (Rank 7)
- S Subramanyam Reddy (Aparna Constructions): ₹18,690 crore (Rank 8)
- C Venkateswara Reddy (Aparna Constructions): ₹18,490 crore (Rank 9)
- Irfan, Noaman & Rezwan Razack (Prestige Estates Projects): ₹14,510 crore each (Joint Rank 10)
Interestingly, the geographical distribution of the real estate elite reveals that Bengaluru is home to four of the top 10 names, followed by Mumbai (3), Delhi-NCR (2), Hyderabad (2), and Ahmedabad (1).
Who Saw the Highest Wealth Growth in 2025?
When it comes to the biggest jumps in personal wealth, Raja Bagmane of Bagmane Developers takes the lead with the highest percentage growth this year. Atul Ashokkumar Ruia (The Phoenix Mills) and Vikas Oberoi (Oberoi Realty) also saw notable surges in their fortunes—up by 10% and 5%, respectively.
Who Leads in Construction by Square Footage?
According to the report, DLF is not only the richest developer but also the leader in terms of total constructed area, having developed a staggering 349 million sq ft to date.
Here’s how the rest stack up:
- Godrej Properties – 223 million sq ft
- Prestige Estates Projects – 180 million sq ft
- SOBHA Ltd – 136 million sq ft
- BL Kashyap & Sons – 125 million sq ft
- Lodha Developers – 100 million sq ft
Which Developers Reduced the Most Debt?
On the financial front, Oberoi Realty made significant progress by reducing its debt by ₹1,449 crore, bringing total liabilities down to ₹2,495 crore. Lodha Developers followed, slashing ₹1,363 crore off their debt, bringing it to ₹7,698 crore.
Other top performers in debt reduction include:
- Juniper Hotels
- Omkar Realtors
- Bagmane Developers
What Does This Mean for the Indian Real Estate Sector?
This year’s list not only celebrates wealth but also underlines the ongoing consolidation and maturity of the Indian real estate market. With improved debt metrics, aggressive construction portfolios, and steady wealth growth, top developers are setting a precedent in balancing growth with financial prudence.
