New Delhi [India]July 6 (ANI / PNN): AsiaOne is an international media house and the only business and news magazine with presence in more than 12 countries in Asia, the Middle East and Africa.
AsiaOne Media is a pioneer in the research-driven brand leader list and complements it with the function of National International Business Social Summits and Awards. It offers Indian, Asian and African brand leaders with greater visibility through several prestigious media including magazines, coffee tables, TV shows, various websites, Android and iOS apps.
Given that India’s real estate sector plays an important role in the country’s economic growth, AsiaOne has conducted research to examine the impact of the COVID-19 pandemic on the sector. Despite the pandemic, it was found that leading real estate brands performed exceptionally well and successfully turned adversity into opportunities.
The survey compiled a list of the top 50 brands by wealth in the real estate sector. In addition to the major players, some emerging brands have performed exceptionally well and are likely to take the lead in the future.
AsiaOne Global Executive and Principal Partner Rajat Raj Shukal says: “It is very encouraging to see the upward trend in the real estate sector despite the global pandemic. I congratulate all the top players! I especially appreciate the new brands that have turned the tide with their innovative approach and unwavering determination. In general, the real estate sector has enormous potential and unlimited growth opportunities. ” List of Top 50 Real Estate Brands and Leaders 2020-21 by Wealth was created based on the assessments of leading brands and leaders in the real estate market. While there may have been unintentional omissions, the list is the most credible attempt to identify the top leaders in the real estate market in India and measure their cost of ownership. The list includes Pan Indian results and regional studies.
Pan India Results Out of the top 50 brands and leaders at the Pan India level, 61-year-old Rajiv Singh from DLF Ltd. with a fortune of 42,163 Indian rupees took first place in the Leaders list of the most influential brands in the real estate industry in India in 2020-2021. He is followed by Mangal Prabhat Lodha, 65, of Macrotech Developers Ltd., which recorded an estimate of Rs 31,968 crores, and Chandru Raheja, 80, of K Raheja Corp Pvt. Ltd with a net worth of INR 21,000 crores.
Mumbai The financial capital of India, Mumbai is widely known as the “City of Dreams” and is famous for its architectural wonders such as the Gateway of India and the Bandra Worli Maritime Connection. With a fortune of Rs 31,968 crores, 65-year-old Mangal Prabhat Lodha of Macrotech Developers Ltd. (Lodha Group) is ranked first in the Pan India rankings. He was succeeded by Chandra Raheja, 80 years old, from K. Raheja Corp Pvt. Ltd., with a net worth of INR 21,000 crore.
Delhi-NCR Delhi NCR covers the entire National Capital Region (NCR), which includes the neighboring cities of Delhi, namely Gurugram (formerly Gurgaon), Ghaziabad, Noida, Greater Noida, Faridabad and Sonepat along with Delhi. Topping the Delhi-NCR list is Rajiv Singh, 61, of DLF Ltd., with a fortune of INR 42,163 crores. He is followed by Naveen M. Raheja, 65, of Raheja Developers Ltd., whose fortune is INR 14,600 crores.
Bangalore, Silicon Valley, Asia, Bangalore has been the technology capital of India for over three decades and is renowned for leading research laboratories, academic institutions and public sector-focused firms. Irfan Razak, 67, of Prestige Estates Projects Ltd. with a fortune of INR 19,589 crores, ranked first on the list for Bangalore. In second place is Jitendra Virwani, 55, of the Embassy Office Parks REIT Ltd. with a fortune of Rs 19,421 crores.
Chennai, nicknamed the “Detroit of India” for its automotive industry, Chennai, the capital of Tamil Nadu state, has shown an architectural evolution over several centuries. The real estate sector in Chennai is run by young and ambitious leaders, namely Manoj Namburu and Sunil Bommireddi of Alliance Infrastructure Projects Pvt. Ltd
Urbanrise Projects LLP, which took the top two places. With a net worth of Rs 2,175 crores and Indian rupees 2,150 crores respectively, this successful duo also ranks among the top six in Hyderabad’s real estate industry.
Hyderabad The fourth largest city in India, Hyderabad is widely known as the “City of Pearls” and “The City of Nizams” and is famous for the historical site of Charminar. Rameshwar Rao Jupalli, 65, of My Home Group, who has a fortune of Rs 7,300, is # 1 in the Hyderabad real estate sector. He is followed by SS Reddy, 68, of Aparna Constructions and Estates Pvt. Ltd., with a net worth of INR 5,200 crores.
Conclusion With an estimated total of around Rs 12.24,000 crore, the Indian real estate sector plays a significant role in driving economic growth. Despite the pandemic, leading real estate brands performed exceptionally well and focused on growth opportunities in the face of prevailing adversity.
Some emerging brands such as Alliance Infrastructure Urbanrise and Emaar India are thriving, broadening their horizons and likely to take the top spots in the future. The very fact that wealth creation in this sector has continued to be resilient despite the challenges posed by the COVID-19 pandemic deserves huge applause and inspires other sectors to follow suit.
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