BusinessBJP Lawmaker Mangal Prabhat Lodha Is India's Richest Realtor. See Top 5
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BJP Lawmaker Mangal Prabhat Lodha Is India's Richest Realtor. See Top 5
Mr Lodha's wealth is estimated at Rs. 27,150 crore
Lodha is constructing the 75-story Trump Tower in Mumbai
Top realty developers are relatively resilient to slowdown in industry
Total wealth of top 100 citizens in real estate sector grew 27% from year ago, says Hurun list.
Mangal Prabhat Lodha, the founder of Lodha Group and a lawmaker of the ruling BJP, has become the nation's richest real estate developer after the company's sales increased 22 per cent. Lodha's wealth is estimated at Rs 27,150 crore ($3.8 billion), according to the GROHE Hurun India Real Estate Rich List. Lodha, who started the real estate business three decades ago in Mumbai, is constructing the 75-story Trump Tower in the commercia...