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"The market has witnessed a strong recovery in sales with 2022 surpassing 2018 both in terms of sales value and sales volume," the report said.
According to a report by Naredco's Maharashtra chapter and JLL India, housing sales in Mumbai are expected to surpass Rs 1 lakh crore this year and may reach Rs 2 lakh crore by 2030 due to increasing demand. The report highlights that Mumbai is one of India's largest residential markets, accounting for 40% of total residential sales value in the country.
DLF’s Rajiv Singh and family were ranked 21 in India with wealth of $6.8 billion.
As many as 61% of those in the list saw an increase in their wealth and out of them, 25 were new faces while 36 witnessed a decline in their wealth. The rich list has taken a note of the wealth as of March 2023.
Realty major DLF's chairman Rajiv Singh remains the wealthiest Indian real estate entrepreneur with a wealth of Rs 59,030 crore, according to GROHE-HURUN India. With a wealth of Rs 42,270 crore, Mangal Prabhat Lodha and his family of Mumbai-based Macrotech Developers (Lodha Group) is at the second position. Arjun Menda & family of Bengaluru-based RMZ Corp debuted at the third position on the list, with a wealth of Rs 37,000 crore.