Introduction
Rajiv Singh from DLF leads the GROHE-Hurun India Real Estate Rich list 2025, carrying a wealth of approximately Rs. 1.27 lakh cr, upholding a solid foundation over his competitors, strengthening the dominance of DLF in the Indian property sector.
On 1st October 2025, the Hurun Institute declared the M3M Hurun India Rich 2025, signifying the wealthiest persons of the nation throughout sectors that involve real estate, entertainment, pharmaceuticals, and many more.
Realty major DLF’s chairman Rajiv Singh leads the 2025 GROHE-Hurun India Real Estate Rich list 2025, carrying a wealth of approximately Rs. 1.27 lakh cr, followed by the family of Lodha Developers and Mangal Prabhat Lodha, the founder of Macrotech Developers, with Rs. 92,340 cr. at the second spot and the family of Adani Realty and Gautam Adani, positioning third with the wealth of real estate of Rs. 52,320 cr.
Top-ten real estate rich list: Among the top-ten real estate rich list, one from Ahmadabad, two each from Delhi-NCR and Hyderabad, and three from Mumbai, and four from Bengaluru.
Topmost real estate firms in terms of overall compensation (sq ft basis)
As per the reports, DLF leads with an astounding 349 million sq ft constructed, followed by Godrej Properties, which stood second with 223 million sq ft. Along with this, the Prestige Estates Projects ranked third with around 180 million sq ft constructed. While SOBHA is fourth with 136 million sq ft, BL Kashyap & Sons stood fifth with 125 million sq ft, along with Lodha Developers, which is sixth with 100 million sq ft.
Contribution of the Indian real estate sector: The Indian real estate industry, considered to be one of the avenues of wealth development, reaffirmed its strength in the list, leading towards Rs. 8.72 lakh cr ($95.7 billion) into wealth. As per the M3M Hurun India Rich list 2025, a total of 99 industry leaders are represented this year, up from 91 during 2024.
Overview of Indian real estate
- Real estate is determined to be one of the most trusted sectors of wealth generation.
- The industry has evolved to be one of the most energetic contributors, which involves 23 debutants stepping into the positions for the first time.
- Majorly, the representation has risen to 99 entrants during 2025, from 91 during 2024.
Market strength of DLF drives valuation lead
- Industry analysts credited the powerful lead of Singh towards the strong assessment strength of DLF along with the wider approval of real estate’s valuations across the development paths of India.
- The tactical emphasis of the organization on premium developments, which involves ultra-luxury projects such as THE DAHLIAS within Gurugram, has highly contributed towards its leadership position within the market.
- This determines that real estate is an important driver of wealth development, especially within India’s significant metropolitan zones and evolving urban centers.
- The industry endures to grab the attention of considerable investments from both global stakeholders and domestic developers, which instills confidence in a long-lasting growth route for India.
Entrants topped the list: Led by Cyrus S Poonawalla, pharmaceuticals topped the list with approximately 137 people. Represented by Ramesh Kunhikannan, being the richest representative, the industrial goods followed with 132 individuals. Moreover, headed by Sri Prakash Lohia, the Chemicals and Petrochemicals stood third with 125 entrants. Whereas, led by Roshni Nadar Malhotra and family, the software and services secured fourth with 110 people. While represented by Rajiv Singh and family, the real estate ranked in the fifth position with 99 individuals.
Capitalization of the Real estate market of India jumps 14% to 16 lakh cr: The real estate industry of India saw a deliberate development, with the combined value of topmost firms reaching Rs. 16 lakh cr. With this, DLF stays the most valuable, whereas the Indian Hotels Firms experiences a major assessment jump.
It shows that Rajiv Singh attained an extensive valuation along with revenue gains, determining a vibrant market. The increasing worth of the organizations increased by 14% during 2025, in comparison to a 70% increase during 2024.
Topmost debt reducers: Oberoi Realty minimized its debt by Rs. 1,449 cr, which brought its overall debt low to Rs. 2,495 cr. Along with this, Lodha Brothers also faced a reduction of Rs. 1,363 cr, which brought its overall debt down to Rs. 7,698 cr.
What does this indicate for the Indian real estate industry?
- This year’s lists celebrate India’s wealth and outline the maturity of the Indian real estate industry and ongoing consolidation.
- With stable growth of wealth, hostile construction portfolios, and enhanced liability metrics, topmost developers are setting an example in balancing growth with economic prudence.
- With core urban development projects and huge land holdings underway, DLF, Adani Realty, along with Lodha, are on the edge to drive the future of the urban landscapes.
- The rankings outline the supremacy of the well-established promoter families in developing massive-scale commercial and residential spaces throughout India’s metros.
Conclusion
The constant superiority of Rajiv Singh within the real estate industry of India signifies the impact of the inherited builders. Moreover, with the DLF at the wheel, followed by both Adani Properties and Lodha, the promoter wealth stays consolidated among certain leaders of the market, pushing massive transformations of urban areas.
