The Indian real estate industry is one of the world’s fastest and largest growing Sectors that has been accounted to generate a revenue of more than $4000 Billion all over the world (2021) and is expected to hit the mark of $1 Trillion by 2030.

Real estate and its related business are flourishing all over the globe due to an increased demand for property and establishments. The real estate industry has always been considered the easiest road to riches only if one has mastered the skills of sales. 

INTRODUCTION 

Real estate developers are builders/businessman who buys and develops property. They’re the ones who develop houses, buildings, and land to make a profit by selling them to the public.

These developers are the driving forces of the economy. As the population is increasing day by day, the demand for property is also increasing. In India, real estate investment is considered one of the best investments.

INDEX

  1. Mangal Prabhat Lodha: Lodha Group
  2. Mohit Malhotra: Godrej Group
  3. Rajiv Singh: DLF Real Estate
  4. Vikas Oberoi: Oberoi Realty
  5. Chandru L Raheja: k. Raheja Corp.
  6. Jitendra Virwani: Embassy Office Parks
  7. Niranjan Hiranandani: Hiranandani Group 
  8. Raja Bagmane: Bagmane Developers
  9. Ajay Piramal: Piramal Realty
  10. Atul Ruia: Phoenix Mills Limited 

1. MANGAL PRABHAT LODHA AND FAMILY: LODHA GROUP 

  • The group has its history back to the 1980s, founded by Mangal Prabhat Lodha, the company has a whopping net worth of more than 60,000 crores.
  • The founder himself was a very known personality, coming from a political background.
  • Mangal Lodha served in the legislative assembly as a member. 
  • He was also a businessman, who ran several businesses.
  • The company has developed and delivered more than 50,000  homes.
  • The customer base is both domestic and international. 
  • The brand has ambassadors like Akshay Kumar and Twinkle Khanna.
  • The brand follows the rule of absolute living standards, sustainability, and transparency. 
  • The group is listed as a Macrotech developer and is known for its deals.
  • Some of the famous projects of Lodha Group are The World Towers, Mumbai.
    • Founded in 1980 by Mangal Prabhat Lodha.
      • Net worth: 36,733 cr
    • India’s #1 real estate developers 
    • The company is headquartered in Mumbai, India.
    • Properties based in India and abroad.

2.ADI BURJORJI GODREJ: GODREJ GROUP

  • Godrej Properties Limited was founded in 1990 by Adi Godrej.
  • The Indian billionaire industrialist was born in 1942 and is currently the head of the Godrej Family and Chairman of the group.
  • Completed his primary education in Mumbai, and he returned to India after completing his MBA.
  • Godrej Properties is a subsidiary branch of Godrej Industries Limited, headquartered in Mumbai.
  • The Indian multinational conglomerate is one of the top giants in the country, owned and managed by the Godrej Family itself. 
  • The Group’s history stretches back to 1897, founded by Ardeshir Godrej and Pirojsha Burjorji Godrej, the brand has cemented its reign in many sectors including real estate, consumer-based products, furniture, security, appliances, etc. 
  • Godrej Properties is one of the major subsidiaries in the group generating an income of more than 500 crores.
    • Godrej Group: Founded in 1897
      • By- Ardeshir Godrej and Pirojsha Burjorji Godrej.
    • Godrej Properties: Founded in 1990
      • By- Adi Godrej
      • Net worth: $2.3 Billion
    •  Headquarter: Mumbai
    • Properties: India and Abroad 

3. RAJIV SINGH: DLF REAL ESTATE 

  • Delhi and Finance (DLF) is a commercial real estate company based in Delhi, India. 
  • Founded in 1946 by Chaudhary Raghvendra Singh.
  • Currently headed by Kushal Pal Singh.
  • The real estate developer is one of India’s largest providers of commercial properties with an experience of more than 75 years of property investment and development. 
  • The company is many projects in Delhi and has expanded its lengths to major cities of the country. 
  • The company’s former remarkable projects were colonies that developed in Delhi:-
    • Model Town
    • Rajouri Garden
    • South Extension
    • Punjabi Bagh
    • Kailash Colony
  • The brand is well known in more major 15 states and 24 cities of the country, making its mark on providing quality living standards to people. 
    • DLF Limited: Founded in 1946
      • By- Chaudhary Raghvendra Singh
    • Chairman: Kushal Pal Singh (Retired)
    • Chairman: Rajiv Singh
      • Net worth: 61,220 cr
    • CEO: Ashok Kumar Tyagi
    • CEO: Devinder Singh
    • Headquarters: Delhi, India
    • Properties: India

4.VIKAS OBEROI: OBEROI REALTY LIMITED 

  • Oberoi Realty Limited, based in Mumbai was founded in 1980 and is one of the country’s most valuable companies. 
  • Founded by Ranvir Oberoi with the foundation laid by his father, the firm had a whopping market value of 17,000 cr (2018)
  • The company deals with developing commercial, residential, retail, and social infrastructure projects.
  • The brand focused on premium and comfortable developments.
  • Over the past 3 decades, they’ve built marvelous infrastructures in the city of Mumbai.
    • Founded: 1980
    • Chairman: Vikas RanviOberoi
      • Net worth: 23,956 cr
    • Revenue: 2,580 cr
    • Net Income: 817 cr
    • Headquarters: Mumbai, India
    • Properties: India 

5.Chandru L Raheja and family: K RAHEJA CORP.

  • Founded in the year 1956, the real estate company is headquartered in Mumbai, India.
  • Originally founded by Chandra Raheja, the company deals with commercial properties, residential, hospitality, and malls across the nation
    • Founded:1956
    • Headquarters: Mumbai, India
    • Founder: Chandru L Raheja
      • Net worth: 29,547 cr

6. JITENDRA VIRWANI: EMBASSY OFFICE PARKS

  • Established in 1993.
  • Embassy Office Parks is an India-based real estate investment trust company.
  • Headquartered in Bengaluru
  • The company has projects like public parks, offices, and buildings.
  • Works and projects are successfully done in Pune, Mumbai, Delhi, etc.
  • Well known in major cities like Mumbai, Delhi, Bangalore, Pune, etc.
    • Founded: 1993
    • Chairman: Jitendra Virwani
    • Net worth: 15,172 cr

7.NIRANJAN HIRANANDANI: HIRANANDANI GROUP

  • Founded in 1978, Mumbai 
  • The Hiranandani Group was founded by Niranjan Hiranandani in Mumbai, Maharashtra. 
  • The group has various projects for hospitality, office buildings, and commercial and residential properties. 
  • The group is one of the largest in the country making its co-founder a fortune enough to list him in the top 100 richest Indians. 
  • The company has been running its projects in several major cities like Mumbai, Delhi, Bangalore, Chennai, etc.
  • Some of the marvelous projects of Hiranandani Group are Hiranandani Fortune City, Hiranandani Parks, and Hiranandani Business Park.
    • Founded: 1978
    • Co-founder: Niranjan Hiranandani 
    • Net worth: 11,990 cr
    • Headquarters: Mumbai, India
    • Properties: India and Abroad 

8. RAJA BAGMANE: BAGMANE DEVELOPERS 

  • Established in the year of 1996, and based in Bengaluru, the company is one of the youngest and fastest-growing real estate development companies in the country.
  • Founded by Raja Bagmane, the company is involved in real estate-related activities which include buying, selling, and renting properties.
    • Director: Raja Bagmane
    • Net worth: 16,730 cr
    • Properties: India
    • Headquarters: Bengaluru 

9.AJAY PIRAMAL: PIRAMAL REALTY

  • Founder and chairman of Piramal Group, Ajay Piramal the group in 1984, Mumbai, Maharashtra.
  • Ajay Piramal is one of the most famous personalities in India, known for his group’s several businesses. Also been awarded business leader of the year 2018.
  • The company has many subsidiaries in various sectors like medical, cosmetics, drug discovery, finances, etc.
  • The brand has also established its real estate company named “Piramal Realty”
  • Based in many cities across the country, Piramal Realty is one of the fastest-growing real companies.
    • Founder: Ajay Piramal
    • Net worth: 29,545 cr
    • Headquarters: Mumbai
    • Properties: India and Abroad 

10. ATUL RUIA: PHOENIX MILLS LTD.

  • Atul Ruia, founder of Phoenix Mills Limited.
  • He is the owner of the famous Phoenix Mall, one of the largest shopping malls in India, Mumbai.
  • Founded the company in 1996, the company owns many other malls and properties.
  • High Street Phoenix, formerly called the Phoenix mall has a lot of other properties in it.
  • The place has a hotel, a movie theatre, and a residential building.
    • Founder: Atul Ruia
    • Net worth: 8,780 cr

CONCLUSION

Real Estate is one of the fastest growing industries, not only in India but all over the world. Where in India, the sector is said to hit its mark of $1 Trillion by 2030.

As the population increases, the demand for more property increases. People are building massive infrastructures in the ocean, the world is making an advance in the real estate industry, giving birth to thousands of opportunities. The above listed are some of the people who made their waythe riches with real estate.