Know about Rajiv Singh, the country's first richest real estate tycoon
According to Grohe Hurain India, DLF
Chairman Rajiv Singh is India's richest real estate tycoon with a net worth of
Rs 59,030 crore.
Mangal Prabhat Lodha of Mumbai-based
Macrotech Developers (Lodha Group) and his family are at the second position
with a wealth of Rs 42,270 crore, while Arjun Menda of RMZ Corp and his family
are at the third position with a wealth of Rs 37,000 crore.
The top 10 entry has grown from Rs
3,350 crore in 2017 to Rs 15,000 crore currently. Similarly, the threshold for
ranking in the top 50 has also increased from Rs 660 crore in 2017 to Rs 1,300
crore at present, Anas Rehman Junaid, MD of Hurain India told the media.
Who is Rajeev Singh?
Rajiv Singh is the sole heir of real
estate magnate Raja Kushal Pal Singh. He was retire in 2020 at the age of 90
and has handed over the reins of DLF to Rajiv Singh. After joining DLF, Rajeev
Singh expanded the company's business into retail, hospitality and insurance sectors.
DLF once sponsored the Indian Premier League (IPL). Rajeev Singh is credited
with increasing DLF's turnover from Rs 1.55 crore in 2007 to Rs 2,900 crore in
2019. Rajeev Singh completed his graduation in Mechanical Engineering. In
addition, he is a graduate of the Massachusetts Institute of Technology, USA.
He has nearly 30 years of professional experience. As a real estate magnate,
Rajiv Singh wants to focus more on mega projects in future. "I like to
believe that maybe we won't have any floors left and everything will be
converted to high-rise housing,"
In 2021-22, DLF recorded a revenue of Rs 6,138 crore, while the total revenue of the realty sector was
Rs 1,513 crore. is Rajiv Singh's total compensation in 2021-22 is Rs 15.49 crore. If so, it was 3.2 crores in 2020-21. "The entry point for the top 10 of the Grohe-Hurun India Real Estate Rich List has changed from Rs 3,350 crore in 2017 to Rs 15,000
crore today. Similarly, the threshold for making it to the top 50 has been raised from Rs 660 crore in 2017 to Rs 1,300 crore currently," he said. Hurun India MD Anas Rahman Junaid told the media.
Rajiv Singh is credited with growing DLF's
annual turnover from Rs 1.55 crore in 2007 to Rs 2,900 crore in 2019. DLF
recorded a revenue of Rs 6,138 crore in 2021-22, while the total revenue of the
realty sector was Rs 1,513 crore. Rajeev Singh's total compensation was Rs
15.49 crore in 2021-22, while it was Rs 3.2 crore in 2020-21.