GROHE Hurun report: ‘Seven of top 10 richest real estate barons in country from Mumbai’

Mangal Prabhat Lodha

SEVEN of the top 10 richest real estate entrepreneurs of the country are from Mumbai, the GROHE Hurun report released on Thursday reveals. Member of Legislative Assembly, Mangal Prabhat Lodha, heading the Lodha Group has been listed as the second richest real estate baron in the country and his net worth is said to be Rs 18,610 crore.

Other top 10 entries include Vikas Oberoi heading Oberoi Realty, Chandru Lachmandas Raheja of K Raheja Corp, Atul Ruia heading Phoenix Mills, Sameer Gehlaut of Indiabulls Real Estate, Ajay Piramal of Piramal Realty and Niranjan Hiranandani of Hiranandani Group.

The report also states that among other cities, Mumbai has the highest number of real estate entrepreneurs who are among the top 100 in the county. Mumbai has 38 such individuals, followed by New Delhi that has 19.

Apart from individual real estate entrepreneurs, the report also has rankings for the country’s richest real estate companies run by families. While six members of Bengaluru’s Menda family that owns RMZ Corp tops the list, Mumbai’s Godrej Properties, run by five members of the Godrej family, ranks second.