DLF’s chairman Rajiv Singh is the wealthiest actual property entrepreneur in India with an enormous wealth of Rs 59,030 crore, in response to GROHE-HURUN India.
Mangal Prabhat Lodha and his household of Mumbai-based Macrotech Developers (Lodha Group) is on the second place with a fortune of Rs 42,270 crore, whereas Arjun Menda & household of RMZ Corp are on the third place with a wealth of Rs 37,000 crore.
“The entry point to the top 10 has surged from Rs 3,350 crore in 2017 to a staggering Rs 15,000 crore today. Similarly, the threshold to make it to the top 50 has risen from Rs 660 crore in 2017 to Rs 1,300 crore presently,” Hurun India MD Anas Rahman Junaid advised reporters.
Who is Rajiv Singh?
Rajiv Singh is the only inheritor of actual property king Kushal Pal Singh, who retired in 2020 on the age of 90 and gave the cost of DLF to Rajiv Singh.
After becoming a member of DLF, Rajiv Singh has taken a number of steps to broaden the corporate’s operations in different sectors like retail, hospitality, and insurance coverage. DLF was as soon as the sponsor of the Indian Premier League (IPL) too. Rajiv Singh can also be credited with taking the annuity enterprise of DLF from Rs 1.55 crore in 2007 to Rs 2,900 crore in 2019.
Rajiv Singh is a graduate of Massachusetts Institute of Technology, USA, and has accomplished his diploma in Mechanical Engineering. He has over 30 years {of professional} expertise.
As an actual property tycoon, Rajiiv Singh is seeking to focus extra on high-rise tasks sooner or later. “I do like to believe that maybe we’ll have no more floors left and everything will get converted to high-rise housing,” he was quoted as saying by Economic Times in 2022.
In 2021-22, DLF posted a income of Rs 6,138 crore and the realty sector main’s complete earnings was Rs 1,513 crore. Rajiv Singh’s whole compensation in 2021-22 was Rs 15.49 crore, whereas it was Rs 3.2 crore in 2020-21.
