Net worth of top realty barons continues to rise despite sectoral slowdown

According to a report, the total wealth of top 100 real estate barons account for Rs 2.37 trillion ($32.7 billion) in 2018, up 27 per cent against their cumulative wealth in 2017

The net worth of top real estate barons (see chart) continues to rise even as the property sector is facing one of its most turbulent periods. 

The sector is battling the challenges posed by the Real Estate (Regulation and Development) Act, the goods and services tax regime and, more recently, the liquidity tightening at non-banking financial companies.

The total wealth of top 100 real estate barons featured on the list accounted for Rs 2.37 trillion ($32.7 billion) in 2018, up 27 per cent against the 2017 edition’s cumulative wealth of Rs 1.87 trillion ($28.6 billion).

“Some of the top companies