Mangal Prabhat Lodha, who helms real estate company Lodha Group, has topped the Grohe Hurun India Real Estate Rich list 2018 with a total wealth of ₹27,150 crore.

Mr. Lodha, 62, a real estate tycoon-turned-politician, is the BJP MLA from Mumbai’s Malabar Hill. His firm is building the Trump Tower in Mumbai in partnership with U.S. President Donald Trump’s company Trump Organization.

Thirty-five real estate czars from Mumbai are among the top 100 in the list.

Jitendra Virwani (52) of Embassy from Bengaluru has secured the number two slot with a total wealth of ₹23,160 crore, followed by Rajiv Singh (59) of DLF with a total wealth of ₹17,690 crore.

In this year’s report, the total wealth of top 100 Indians in the real estate sector stood at ₹2,36,610 crore ($32.7 billion), an increase of 27% from 2017. The top 100 have a total debt of ₹1.25 lakh crore.

Renuka Talwar of DLF is featured as the richest among eight more women in this list. As per the list, 78% of the top-100 rich real estate magnates are from Mumbai, New Delhi and Bengaluru. 59% of the names featured on the list are first-generation entrepreneurs.