With a net worth of Rs 44,270 crore, Macrotech Developer’s Mangal Prabhat Lodha is the richest construction company in India, according to GROHE Hurun’s 2020 Richest Real Estate List. His fortune has increased 39% in the current year.
Lodha Group had the highest operating income among all property developers in India during the 2020 pandemic, according to the listing.
With a fortune of Rs 36,430 crore, DLF’s Rajiv Singh ranked second on the list with a 45% increase in wealth, backed by a 50% increase in DLF’s share price.
With wealth increasing by 70% and current wealth of Rs. 26,260 crore, K Raheja Corp.’s Chandru Raheja ranked third on the list of the richest developers in India.
With a fortune of Rs 23,220 crore, Jitendra Virwani of the Embassy Office Parks ranked fourth on the list, while Niranjan Hiranandani of the Hiranandani Communities, whose real estate business was valued at Rs 20,600 crore, was ranked fifth.
With wealth increasing by 13% to Rs 15,770 crore, Vikas Oberoi from The Oberoi Real Estate is sixth on the list. In seventh is Raja Pagman, who posted a fortune of Rs 15,590 crore and increased his fortune by 57%, mainly due to a 50% increase in post-tax earnings in FY 20.
With a fortune of Rs 11,450 crore and an increase in wealth by 61%, Subhash Runwal of Runwal Developers took the eighth place, while Ajay Piramal of Piramal Realty scored ninth on the list with a fortune of Rs 6,560 crore.
With a fortune of Rs 6,340 crore, Atul Roya of Phoenix Mills was ranked 10th in the list of the richest construction companies in India.
At Rs 280 crore net worth, the smallest on the list is Aditya Chandak (36) from Chandak Group and at Rs 2,170 crore, the oldest on the list is PRS Oberoi (91) from East India Hotels.
The total wealth of the top 100 builders in the newly launched company increased by 26% from 2019 to Rs 3,48,660 crore.