Indias real estate riches

If you follow my articles, I am sure would have noticed most of its centered around Finance, real estate and infrastructure, venture capital and private equity.

I kind have this inner feeling that this is were we are heading to. There is a enormous amount of growth prospective in this area and I dont wonder the foray of US biggies to these sectors in to emerging markets, Especially India and China.

I can definitely bring a lot of value for any firm who is interested in India real estate through local expertize especially in south India Bangalore, Chennai and Ernakulam and leverage the valuation methodologies used in US through real estate consulting work. It makes definitely my life easier that I can speak all the four local languages at ease. So why not.. May be this India trip in December can bring some things which I am looking to do. As per say I don't have any special agenda but surely Market research and quick trip to Bangalore will be definitely in the charts.


India's real estate riches story

"Kushal Pal Singh is fourth on the 2007 India
Rich List with a net worth of 35 billion dollars, making him the
world's richest real estate developer," Forbes said.Singh's
wealth appreciated over 250 per cent after his company, DLF, went
public in June this year and the stock has surged 60 per cent since
then, it added.

Unitech's Ramesh
Chandra ranks 8th with a net worth of $11.6 billion, followed by
Wadhawan at the 26th spot with a wealth of $2.35 billion.

Raheja and Hiranandani, real estate developers from the financial capital of India - Mumbai, rank 30th and 31st with a net worth of $2.15 billion
and $2.1 billion respectively.

Although
there are 54 billionaires in India according to Forbes, 14 of them
could not make the cut for the 'India's 40 Richest' list which required
a minimum wealth of $1.6 billion.

Pradeep
Jain of Parsvnath Developers ranks 46th with $1.25 billion net worth,
while Rohtas Goel of Omaxe is positioned at 48th place with $1.2
billion. Parsvnath and Omaxe are based in India's capital New Delhi.

Of the seven real estate companies that have entered the Forbes' list, DLF, Omaxe and HDIL got listed in the stock exchanges this year, while Parsvnath entered the stock market last year.