The Adani family have taken the top spot for richest real estate entrepreneurs in Indian for the first time, pushing aside DLF founder and Chairman Rajiv Bajaj. In GROHE-Hurun India Real Estate 150 List 2026, it was revealed that the latest list proves change in property sector where big business houses are increasingly competing with established realty developers.
The Adani family's fortune was estimated to be Rs 3.4 lakh crore mainly supported by their real estate, infrastructure and urban development segments expansion. Also, the research report said that Adani Properties company has emerged as the top unlisted real estate brand in the country with several flagship projects in various stages of development.
According to the ranking, Gautam Adani (64) and family climbed two places to the top with Rs 90,400 crore in real estate-linked wealth, marking a 73% increase over the past year.
Rajiv Singh (67) and family, who previously held the top position, slipped to second place with Rs 90,200 crore in wealth after recording a 29% decline, largely due to a broader market correction. Despite this, DLF continues to be India's largest listed residential real estate company by market capitalisation.
In addition, the report indicated that Mangal Prabhat Lodha (70) and his family were the third wealthiest persons with Rs 67,700 crore. Their wealth decreased by 27% compared to previous year but Lodha Developers sales figures remained high and their reach across the country increased.
Vikas Oberoi (56) came in fourth with Rs 42,500 crore although he had lost 10% of his wealth. Oberoi Realty has been expanding the residential and commercial portfolio throughout key growth markets in Mumbai under his leadership.
Further, the most recent list underlines the rising relationship between real estate and infrastructure. As a result, bigger business groups are getting more and more into integrated townships, commercial developments, logistics parks, and urban infrastructure projects to establish the long-term value through such initiatives thereby also reshaping the rivalry in India's property area sector.
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