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Saturday 17 November 2012

Indian Real Estate Tycoons

Real estate has become one good option to invest as well as to make money out of it. Real estate tycoons are those who reign supreme in the real estate business. They not only have made a million bucks from the business but also are known to provide quality projects. Below is the list of well-known real estate tycoons in India.

4) Sameer Gehlaut

 

Self made billionaire, Sameer Gehlaut is one of the most successful young real estate entrepreneurs in India. In the year 2008, Gehlaut has made through the Forbes’ list of richest individuals. In 2000, he founded Indiabulls after obtaining a stock brokerage firm, Orbis Securities in Delhi. Gehlaut owns personal property worth around $1.2 billion. In a short span of time, the group Indiabulls become one of the prominent financial services and real estate firm in the country and obtained a land bank of around 10,000 acres. 

3) G.L. Raheja

 

Gopal L Raheja often known as GL Raheja in the industry, built the empire of Raheja real estate over five decades. He is the one who introduced first apartment hotel in India in Powai and departmental store, Shoppers Stop in Mumbai. His real estate company is one among the largest private land owner in Mumbai and owns properties in different parts of India followed by The Carlton in Kodaikanal. This leading real estate group has completed around 2000 projects in different sectors in India. It is one of the oldest construction group in India and is worth around 11,000 crore.

2) Ramesh Chandra:

 

Real estate tycoon Ramesh Chandra is the founder of Unitech, one among the leading real estate company in India. He came into construction business back in seventies but only in the mid eighties, he shifted his focus more on real estate. The firm started to develop affordable housing projects in nineties and in the year 1996, Unitech came up with its first commercial office complex called Global Business Park. And, from 2000, Unitech became more active in real estate market where they mainly dealt with buying lands in the extended regions of Delhi. Later, the company expanded its business and become popular in other cities like Bangalore, Kolkata, Kochi, Mumbai, Chennai and Hyderabad. Besides, Chandra has an estimated net worth of $695 million according to Forbes. 

1) Kushal Pal Singh Teotia

 

When it comes to Indian real estate moguls, Kushal Pal Singh Teotia or KP Singh is the best example to know. This Indian richest man is one known personality in the field of real estate. He is the Chairman and CEO of DLF Universal, one of the largest real estate developers of India. The group has a land bank of around 10,255 acres and about 3000 acres alone in Gurgaon which is known as DLF City.

Over a period of ten years, Gurgaon has become a world-famous outsourcing destination and the man behind this success is none other than realty czar, KP Singh. He has incorporated world-class earthquake-proof office buildings, Shopping malls, apartments and so on, which led to the development of Gurgaon. He stood at 130th position in the Forbes list of world’s richest people in 2011. He has an estimate wealth of about $7.3 billion.

So far, DLF has developed projects over millions of square feet in segments like residential, commercial and retail. He is the soul person who made DLF to climb the ladder of success not in India but globally in terms of earnings, revenues, development areas and market capitalization. 


http://www.siliconindia.com/realestate/news/Indian-Real-Estate-Tycoons--nid-134225.html



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