DLF’s Rajiv Singh Tops Richest Real Estate Promoters List; Adani At Third With India’s Most Valued Unlisted Developer: Report

According to the 2025 Grohe-Hurun India Real Estate 150 report, Rajiv Singh, chairman of DLF, leads the list of India’s wealthiest real estate promoters. With substantial holdings in DLF and a net worth of ₹1.28 lakh crore, Singh edges out the likes of Lodha Group’s Mangal Prabhat Lodha and Adani Group's Gautam Adani in the rankings.

Rajiv Singh Tops the Real Estate Wealth List 

The former CEO and current chairman of DLF, Rajiv Singh, holds the top position as the richest real estate promoter in India. The family’s collective stake in DLF is valued at ₹1.28 lakh crore, making it the largest in terms of personal real estate wealth. DLF, headquartered in Gurugram, remains India’s most valuable real estate company, with an approximate market valuation of ₹2.07 lakh crore.

Lodha Group and Gautam Adani Follow on the Leaderboard

Ranked second is the Lodha family, owners of Lodha Developers (rebranded Macrotech Developers), whose promoter wealth stands at ₹92,340 crore. Their company has a market value of around ₹1.38 lakh crore. Gautam Adani ranks third with real estate wealth pegged at ₹52,320 crore. Despite a 7% dip in year-on-year property wealth, Adani continues to shape Mumbai's real estate with marquee projects.

Expanding Footprint of Adani Properties

Adani Properties, held directly by the promoter family and operating under the Adani Realty brand, is the most valuable unlisted real estate firm in India at ₹52,400 crore. Its showcased projects include the Dharavi redevelopment, Bandra Reclamation, and Motilal Nagar in Mumbai, along with group housing in Andheri and Ghatkopar. It is also planning integrated townships near the Navi Mumbai International Airport.

Read More: MHADA 2025: Beware of Illegal Flat Sales Before Lock-in Period Using Power of Attorney (PoA)!

Future Outlook for India’s Real Estate Giants

With massive land holdings and key urban redevelopment projects underway, DLF, Lodha, and Adani Realty are poised to shape future urban landscapes. The rankings underline the dominance of established promoter families in building large-scale residential and commercial spaces across India’s metros.

Conclusion

Rajiv Singh’s continued dominance in India’s real estate sector marks the influence of legacy builders. With DLF at the helm, followed by Lodha and Adani Properties, promoter wealth remains consolidated among a few players, driving large urban transformations.

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