Outlook Business Desk
Billionaire Gautam Adani’s real estate wealth fell 7% in 2025, now valued at ₹52,320 crore. Despite the dip, he remains India’s 3rd richest realty tycoon in the GROHE-Hurun Real Estate Rich List 2025.
According to GROHE-Hurun projections, Gautam Adani is likely to become India’s richest real estate tycoon within five years. His massive projects in Mumbai's Dharavi and Motilal Nagar are laying the groundwork for this rise.
''Adani is very ambitious. Their ambition is to take over from DLF to be at the top in the next five years," said Anas Rahman Junaid, Chief Researcher and Founder, Hurun India.
Rajiv Singh, Chairman of DLF Ltd, retained the top spot on the list. His net worth rose 3% to ₹1.27 lakh crore, driven by DLF’s robust residential and commercial performance.
Macrotech Developers' Mangal Prabhat Lodha, founder of the Lodha Group, ranked second with ₹92,340 crore in real estate wealth, up just 1% from last year. This estimate excludes his son Abhinandan Lodha’s growing presence in the sector.
Raja Bagmane, founder of the Bagmane Group known for developing premium tech parks in Bengaluru, saw a 29% surge in real estate wealth, reaching ₹25,270 crore. His jump stands out in a year when most top players posted modest single-digit growth.
Atul Ruia, Managing Director of Phoenix Mills and a pioneer in retail-led mixed-use developments in India, posted a 10% gain, with his wealth touching ₹26,410 crore. This growth reflects the strong performance of his commercial real estate assets in key metro locations.
The top real estate billionaires recorded subdued growth in 2025. Compared to a 70% rise in FY24, this year’s wealth increase remained in the single digits, highlighting a cautious market.
Despite slower growth among individuals, the combined value of the 150 companies in the list grew 14% in FY25. Each company had a minimum valuation of ₹1,000 crore, showing broad strength in the sector.
Schloss Bangalore, founded by Deepak Parekh only six years ago, has debuted on the 2025 real estate rankings with a valuation of ₹13,600 crore. It’s the youngest firm among India’s biggest property players.
Peninsula Land, established in 1871, barely made the list with a ₹1,000 crore valuation. As the oldest real estate firm in the rankings, it stands in stark contrast to newer, fast-growing players.