New Delhi [India], December 29 (ANI/GPRC): AsiaOne is an international media house and the only business and news magazine with a pan-Asia presence. They are the pioneers, and now experts, of the research-based, annual listing of brands and leaders in Asia, Africa and the GCC. Their listing is supplemented with national and international business and social summits and awards functions. As India progresses to become the world's third-largest economy by 2028, AsiaOne continues to bring out its varied research titles and awards to represent the milestones in the country's journey to success. Through its annual research titles, AsiaOne brings to light those eminent leaders and brands that have not only been contributing to the Indian economy, but also to society and world at large. Indian Realty Sector Shines Bright The year 2021-22 proved to be a glorious year for the real estate sector in India. The property market managed to recover from the pandemic-induced crisis because of record-low interest rates, lower stamp duties, a decline in realty prices, and launch schemes by various builders. In terms of residential real estate, top seven cities of India --- Delhi NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Pune, Hyderabad, Chennai and Kolkata --- saw new supply of approximately 2.36 lakh units in entire 2021, against approximately 1.28 lakh units in 2020 --- a significant jump of 85 per cent and equivalent to 2019 levels. Key cities contributing to 2021 new unit launches included MMR, Hyderabad, Pune and NCR, altogether accounting for 76 per cent of addition. The cities also fared well in terms of housing sales, witnessing a massive jump of 71 per cent. Approximately 2.36 lakh units were sold in the entire 2021 as against 1.38 lakh units in the preceding year. MMR saw maximum annual sales of approximately 76,400 units, followed by NCR with 40,050 units. On a quarterly basis, home sales reached an all time high in the October-December 2021 quarter, which broke the record of 28 quarters. The massive jump in sales was credited to positive consumer sentiments towards home buying, all-time low home loan rates, and anticipation of price increase in future. AsiaOne List of Top 50 Real Estate Brands and Leaders 2022-23 by Wealth AsiaOne List of Top 50 Real Estate Brands and Leaders 2022-23 by Wealth is based on the valuation of top real estate brands and leaders. The list is the result of AsiaOne's annual endeavour to identify India's top real estate frontrunners and to gauge the value of their holdings. The current list includes the rise and fall in assets from last year. AsiaOne, together with URS' esteemed jury, has concluded the names in the list based on primary and secondary research. Total assets value and declared net worth by the leaders and the companies in notable forums and platforms have been considered. In its research, the team also considered the latest financial reports to reach at the valuation. While the AsiaOne List of Top 50 Real Estate Brands and Leaders 2022-23 by Wealth has compiled the valuation of real estate business owned by the leaders, it does not include the personal liabilities or debts of the leaders for calculating the net worth. To estimate the values, a comparative analysis and valuation have been done considering the last few years of business performances and transactions of the company and the leader in some cases. Pan India Findings The first rank in the list belongs to Rajiv Singh, 62, of DLF (Delhi Land & Finance) Ltd., who has a wealth of Rs 52,503.4 crore, rising 24.5 per cent from last year. Founded in 1946 by Chaudhary Raghvendra Singh, DLF started with the creation of 22 urban colonies in Delhi. The second spot has been retained by Mumbai's Mangal Prabhat Lodha, 66, and Family. The promoters of Macrotech Developers have assets worth Rs 37,578 crores, with a 17.5 per cent rise year-on-year. The company has a significant presence in India, Dubai, the United Kingdom, Singapore and the United States. Jitu Virwani, 56, Chairman, Embassy Office Parks, has climbed to the third spot from last year's sixth in the list. The outstanding achiever of 2021-22 has taken his wealth to Rs. 33308.36 -an outstanding rise of 71.5 per cent from the previous year. The realty group has a mixed portfolio of more than 62 million square feet developed across India and a roster of multinational tenants such as Google, IBM and Warburg Pincus. The company accords paramount importance to ensuring the safety, health and well-being and business continuity of its customers, and is committed to global sustainability goals. Many of its parks are ISO certified and properties are Platinum or Gold certified green structures. The company, together with US private equity firm Blackstone, listed India's first-ever real estate investment trust (REIT) in March 2019. The REIT owns and operates a more than 42 million square feet portfolio of office parks and office buildings in cities such as Bengaluru and Mumbai. It is the largest office REIT in Asia by area. Mumbai The commercial capital of India, Mumbai was once India's trade window to the west. It steadily evolved into a global financial hub and became home of India's main financial services. The city is also home to the richest people in India - a good driver of high property rates across the city and nearby areas. The frontrunner in the Mumbai realty market, Mangal Prabhat Lodha, the Founder of Macrotech Developers Limited (Lodha Group), has retained the first spot in the list as the richest player in the city and the second best in India. The property magnate and politician has assets valued Rs 37,578 crore - 17.5 per cent higher than last year's Rs 31,968 crores. Chandru L Raheja, 81, Chairman and Managing Director, K. Raheja Corp, is the second richest man in Mumbai's real estate market. The senior leader has assets valued at Rs 28,543.20 crore. While the leader has seen a rise of 35.9 per cent in his assets from last year's Rs 21,000 crore, he has lost one rank to become the fourth richest realty player in the country. Delhi NCR The capital of India, Delhi is an important political, commercial, transport and cultural hub of the country. Its gross state domestic product contribution to national gross domestic product in 2022 was reported at 3.904 Per cent. The state's Gross State Domestic Product increased at a CAGR of 8.89 per cent between 2015-16 and 2021-22. In 2021-22, Delhi's GDP on current prices stood at Rs 9,23,967 crores - rising 50 per cent in the last five years, from Rs 6,16,085 crore in 2016-17. One of the largest metropolises in the country, Delhi, together with the National Capital Region (NCR), holds an important position in the Indian economy. Rajiv Singh, 62, Chairman, DLF Limited, continues to lead the real estate market in India with assets worth Rs 52,503.4 crores as on March 31, 2022. His assets have appreciated by 24.5 per cent from 2021-22. Starting its operations in 1946 with the creation of 22 urban colonies in Delhi, in 1985, the company expanded into the then-unknown region of Gurugram, building remarkable living and office spaces for the new Indian global professionals. Ranking second in the list is Navin M Raheja, the Chairman and Managing Director of Raheja Developers. The business leader encompasses Rs 25,742.72 in assets, with an impressive jump of 76.3 per cent from the previous financial year. Bengaluru The IT Capital of India, Bengaluru (earlier Bangalore), is the country's leading information technology (IT) exporter and address of eminent technological organizations such as ISRO, Infosys, Wipro and HAL. With an average literacy rate of 87.67 percent, pleasant weather throughout the year -- thanks to its elevation of over 900 m above sea level -- and quality of life, Bengaluru is a preferred city for one to live and work. The city also topped the latest Ease of Living Index. Jitu Virwani, 56, the Chairman and Managing Director of Embassy Group, is the richest among the real estate developers in Bengaluru, with assets of Rs 33,308.36 crores as on March 31, 2022, with a percentag
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Light Those Eminent Leaders And Brands That Have Not Only Been Contributing The Indian Economy , Ut Also To Society And World At Large Indian Realty Sector Shines Bright The Year 2021 22 Proved Bea Glorious For Real Estate In India Property Market Managed Recover From Pandemic Induced Crisis Because Of Record Low Interest Rates , Ower Stamp Duties , A Decline In Realty Prices , Nd Launch Schemes By Various Builders In Terms Of Residential Real Estate , Op Seven Cities Of India Delhi Ncr , Mumbai Metropolitan Region Mmr , Hennai And Kolkata Saw New Supply Of Approximately 2 36 Lakh Units In Entire 2021 , Gainst Approximately 1 28 Lakh Units In 2020a Significant Jump Of 85 Per Cent And Equivalent To 2019 Levels Key Cities Contributing 2021 New Unit Launches Included Mmr , Une And Ncr , Ltogether Accounting For 76 Per Cent Of Addition The Cities Also Fared Well In Terms Housing Sales , Itnessinga Massive Jump Of 71 Per Cent Approximately 2 36 Lakh Units Were Sold In The Entire 2021 As Against 1 38 Preceding Year Mmr Saw Maximum Annual Sales 76 , 400 Units , Ollowed By Ncr With 40 , 050 Units Ona Quarterly Basis , Ome Sales Reached An All Time High In The October December 2021 Quarter , Hich Broke The Record Of 28 Quarters Massive Jump In Sales Was Credited To Positive Consumer Sentiments Towards Home Buying , Ll Time Low Home Loan Rates , Nd Anticipation Of Price Increase In Future Asiaone List Top 50 Real Estate Brands And Leaders 2022 23 By Wealth Is Based On The Valuation Result 39s Annual Endeavour To Identify India Frontrunners Gauge Value Their Holdings Current Includes Rise Fall Assets From Last Year , Ogether With Urs 39 Esteemed Jury , As Concluded The Names In List Based On Primary And Secondary Research Total Assets Value Declared Net Worth By Leaders Companies Notable Forums Platforms Have Been Considered Its , He Team Also Considered The Latest Financial Reports To Reach At Valuation While Asiaone List Of Top 50 Real Estate Brands And Leaders 2022 23 By Wealth Has Compiled Business Owned , T Does Not Include The Personal Liabilities Or Debts Of Leaders For Calculating Net Worth To Estimate Values , A Comparative Analysis And Valuation Have Been Done Considering The Last Few Years Of Business Performances Transactions Company Leader In Some Cases Pan India Findings First Rank List Belongs To Rajiv Singh , 2 , F Dlf Delhi Land Amp Finance Ltd , Ho Hasa Wealth Of Rs 52 , 503 4 Crore , Ising 24 5 Per Cent From Last Year Founded In 1946 By Chaudhary Raghvendra Singh , Lf Started With The Creation Of 22 Urban Colonies In Delhi Second Spot Has Been Retained By Mumbai 39s Mangal Prabhat Lodha , 6 , Nd Family The Promoters Of Macrotech Developers Have Assets Worth Rs 37 , 578 Crores , Itha 17 5 Per Cent Rise Year On The Company Hasa Significant Presence In India , The United Kingdom , Ingapore And The United States Jitu Virwani , Chairman , As Climbed To The Third Spot From Last Year 39s Sixth In List Outstanding Achiever Of 2021 22 Has Taken His Wealth Rs 33308 36 An Rise 71 5 Per Cent Previous Realty Group Hasa Mixed Portfolio More Than 62 Million Square Feet Developed Across India Anda Roster Multinational Tenants Such Google , Bm And Warburg Pincus The Company Accords Paramount Importance To Ensuring Safety , Ealth And Well Being Business Continuity Of Its Customers , Nd Is Committed To Global Sustainability Goals Many Of Its Parks Are Iso Certified And Properties Platinum Or Gold Green Structures The Company , Ogether With Us Private Equity Firm Blackstone , Isted India 39s First Ever Real Estate Investment Trust Reit In March 2019 The Owns And Operatesa More Than 42 Million Square Feet Portfolio Of Office Parks Buildings Cities Such As Bengaluru Mumbai It Is Largest Asia By Area Commercial Capital , Umbai Was Once India 39s Trade Window To The West It Steadily Evolved Intoa Global Financial Hub And Became Home Of Main Services City Is Also Richest People In Indiaa Good Driver High Property Rates Across Nearby Areas Frontrunner Mumbai Realty Market , He Founder Of Macrotech Developers Limited Lodha Group , As Retained The First Spot In List Richest Player City And Second Best India Property Magnate Politician Has Assets Valued Rs 37 , 578 Crore 17 5 Per Cent Higher Than Last Year 39s Rs 31 , 968 Crores Chandrul Raheja , 1 , Chairman And Managing Director , S The Second Richest Man In Mumbai 39s Real Estate Market Senior Leader Has Assets Valued At Rs 28 , 543 20 Crore While The Leader Has Seena Rise Of 35 9 Per Cent In His Assets From Last Year 39s Rs 21 , 8000 Crore , E Has Lost One Rank To Become The Fourth Richest Realty Player In Country Delhi Ncr Capital Of India , Elhi Is An Important Political , Commercial , Ransport And Cultural Hub Of The Country Its Gross State Domestic Product Contribution To National In 2022 Was Reported At 3 904 Per Cent 39s Increased Ata Cagr 8 89 Between 2015 16 2021 22 , Elhi 39s Gdp On Current Prices Stood At Rs 9 , 23 , 967 Crores Rising 50 Per Cent In The Last Five Years , Rom Rs 6 , 16 , 085 Crore In 2016 17 One Of The Largest Metropolises Country , Ogether With The National Capital Region Ncr , Olds An Important Position In The Indian Economy Rajiv Singh , Dlf Limited , Ontinues To Lead The Real Estate Market In India With Assets Worth Rs 52 , 503 4 Crores As On March 31 , 022 His Assets Have Appreciated By 24 5 Per Cent From 2021 22 Starting Its Operations In 1946 With The Creation Of Urban Colonies Delhi , N 1985 , He Company Expanded Into The Then Unknown Region Of Gurugram , Uilding Remarkable Living And Office Spaces For The New Indian Global Professionals Ranking Second In List Is Navinm Raheja , He Chairman And Managing Director Of Raheja Developers The Business Leader Encompasses Rs 25 , 742 72 In Assets , Ith An Impressive Jump Of 76 3 Per Cent From The Previous Financial Year Bengaluru It Capital India , Engaluru Earlier Bangalore , S The Country 39s Leading Information Technology It Exporter And Address Of Eminent Technological Organizations Such As Isro , Ipro And Hal With An Average Literacy Rate Of 87 67 Percent , Leasant Weather Throughout The Year Thanks To Its Elevation Of Over 900m Above Sea Level And Quality Life , Engaluru Isa Preferred City For One To Live And Work The Also Topped Latest Ease Of Living Index Jitu Virwani , He Chairman And Managing Director Of Embassy Group , S The Richest Among Real Estate Developers In Bengaluru , Ith Assets Of Rs 33 , 308 36 Crores As On March 31 , 022 , Itha Percentag ,
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