India’s Real Estate Billionaires: DLF’s Rajiv Singh Tops 2025 Grohe‑Hurun Rich List
📌 Overview
In the 2025 Grohe‑Hurun India Real Estate Rich List, DLF Chairman Rajiv Singh leads as India’s wealthiest real estate developer, with an estimated net worth of ₹1.27 lakh crore, closely followed by Mangal Prabhat Lodha and family of Lodha Developers, at ₹92,340 crore.
The Top Five Real Estate Titans in 2025
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Rajiv Singh (DLF) – ₹1.27 lakh crore
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Mangal Prabhat Lodha & family (Lodha Developers) – ₹92,340 crore
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Gautam Adani & family (Adani Realty) – ₹52,320 crore
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Vikas Oberoi (Oberoi Realty) – ₹46,950 crore
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Basant Bansal & family (M3M India) – ₹37,390 crore
Other notable names in the top 10 include Atul Ashokkumar Ruia (The Phoenix Mills), Raja Bagmane (Bagmane Developers), Aparna Constructions leaders, and Prestige Estates’ Irfan, Noaman, and Rezwan Razack—all with individual wealth between ₹14,000–26,000 crore.
Growth & Market Leadership Highlights
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The combined value of India's top 150 real estate firms reached ₹16 lakh crore, growing ~14% YoY (vs. 70% growth last year).
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DLF continues to be the largest developer with 349 million sq ft under its belt, followed by Godrej Properties (~223 million) and Prestige (~180 million) .
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Oberoi Realty led debt reduction efforts, cutting liability by ₹1,449 crore, while Lodha Developers followed with a ₹1,363 crore reduction.
A Closer Look: Winners and Trends
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Rajiv Singh continues DLF’s legacy, a firm started by his father-in‑law Chaudhary Raghvendra Singh and later expanded by K. P. Singh. DLF’s journey from Delhi to Gurgaon reshaped modern India’s urban fabric with mega townships, malls, office parks, and infrastructure.
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Mangal Prabhat Lodha, balancing real estate arms alongside a political career in Mumbai, has cemented Lodha Developers’ presence with marquee projects like World One and Palava City—now one of India’s leading listed real estate companies since its IPO in April 2021.
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Gautam Adani's real estate wealth dipped 7% over the past year to ₹52,320 crore, yet Adani Realty remains the highest-valued unlisted segment, with major redevelopment projects underway in Mumbai.
Geography & Sector Dynamics
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Real estate wealth is shifting: 4 of the top 10 billionaires are based in Bengaluru, 3 in Mumbai, 2 in Hyderabad, and 2 in the Delhi–NCR region—Ahmedabad is also represented among the top 10.
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The momentum reflects a diversified and expanding real estate ecosystem: from luxury residential in metro hubs to massive integrated townships and commercial developments across the country.
Takeaways
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Rajiv Singh’s reign as India’s richest real estate magnate underscores DLF’s enduring footprint and financial strength.
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Lodha Developers and Oberoi Realty both reinforce how integrated development models and debt management strategies serve as differentiators.
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Gautam Adani’s focus on strategic urban rebuilding and township models hints at what could define the next chapter of realty leadership.
Summary Table
| Rank | Name & Firm | Wealth (₹ Cr) | Key Notes |
|---|---|---|---|
| 1 | Rajiv Singh (DLF) | 1,27,000+ | DLF leads in sq ft developed & valuation |
| 2 | Mangal Prabhat Lodha & family (Lodha) | 92,340 | Lodha’s IPO & luxury/residential dominance |
| 3 | Gautam Adani & family (Adani Realty) | 52,320 | Most valuable unlisted; strong pipeline |
| 4 | Vikas Oberoi (Oberoi Realty) | 46,950 | Solid debt reduction & stability |
| 5 | Basant Bansal & family (M3M India) | 37,390 | Emerging growth trajectory in NCR |
This year’s report—revealed on July 31, 2025—marks another milestone in India’s real estate consolidation, with DLF, Lodha, Oberoi, and Phoenix Mills anchored as flagship builders across residential, commercial, and mixed-use portfolios.
Reviewed by Aparna Decors
on
July 31, 2025
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