
Adani family's real estate wealth jumped 73% to ₹90,400 crore, surpassing DLF's Singh amid a sector that grew just 2% with only 31 of 150 developers gaining value.
Gautam Adani and his family are now the wealthiest real estate entrepreneurs in India, according to the 2026 GROHE-Hurun India report. Their real estate holdings rose 73% to ₹90,400 crore, pushing DLF chairman Rajiv Singh into second place with wealth of ₹90,200 crore.
The Adani group's valuation jumped after it consolidated its real estate business under a single entity, Adani Properties, the report said. Singh's wealth fell 29% during a broader market correction.
Mangal Prabhat Lodha and family of Lodha Developers took the third spot. Vikas Oberoi of Oberoi Realty and Chandru Raheja and family of K Raheja Group rounded out the top five.
DLF remains India's most valuable listed real estate company by market capitalisation, with residential, commercial, and retail operations. The Adani group is the most valuable unlisted real estate company, after a ₹38,000 crore valuation increase.
Hurun derives unlisted company valuations by comparing them with listed peers using EV/EBITDA and price-to-book ratios.
The combined value of India's real estate developers grew just 2% to ₹16.5 lakh crore, slowing from 14% growth in the prior year, Hurun said. The BSE Realty Index fell 20% in FY 2026. Only 31 of the 150 tracked companies gained value; 74 reported declines.
Anas Rahman Junaid, founder and chief researcher of Hurun India, attributed the modest growth to the index decline.
Only about a fifth of tracked developers posted gains over the year, concentrating value in the top few families.
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