Hurun Report today released its 'GROHE Hurun India Real Estate Rich List 2017'.
"Kushal Pal Singh, 87, the wealthiest real estate baron in India, tops the list with a fortune of Rs 23,460 crore," Hurun Report said in a statement.
As per the list, Lodha, who is also a BJP MLA from Maharashtra, is at the second position with wealth of Rs 18,610 crore.
Jitendra Virwani of Embassy Group ranks third with wealth of Rs 16,700 crore, followed by Abu Dhabi-based Yusuffali MA of Line investment and Property (Rs 12,180 crore) and Vikas Oberoi of Oberoi Realty (Rs 11,040 crore).
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Surendra Hiranandani and Niranjan Hiranandani of Hiranandani Group were jointly at the tenth position with a fortune of Rs 3,350 crore each.
By state, Maharashtra tops the list with 38 real estate entrepreneurs, followed by Delhi (19) and Karnataka (17).
"The top 5 cities account for 86 per cent of top 100 real estate rich list entrants in India. A majority of estate developers are discreet, so for every entrepreneur who we have found, we may have missed 2.
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