*Hyderabad-based developer secures special place in Forbes 2026 billionaires list as luxury housing boom strengthens real estate wealth*
(King Johnson Koyyada, 9030034591)
Hyderabad-based real estate and infrastructure entrepreneur Jupally Rameswar Rao, chairman of My Home Group, has once again secured a place in the prestigious Forbes 2026 Billionaires List, reinforcing Hyderabad’s growing position among India’s most powerful real estate and wealth creation hubs.
According to Forbes estimates, Rao’s net worth currently stands at around $2.3 billion, equivalent to more than ₹22,000 crore, placing him sixth among India’s top real estate billionaires.
Industry observers say his continued presence in the global rich list reflects both the rise of Hyderabad’s real estate sector and the growing scale of organised developers from the city.
At the national level, DLF chairman emeritus Kushal Pal Singh topped the real estate rankings with an estimated net worth of $12.7 billion, followed by Lodha Group’s Mangal Prabhat Lodha and K Raheja Corp’s Chandru Raheja.
However, Hyderabad’s inclusion through My Home Group is being viewed as particularly significant given the city’s rapid transformation into one of India’s largest real estate, infrastructure and investment destinations.
Founded in 1981, My Home Group initially began with small-scale construction projects before expanding into large residential communities, commercial developments and cement manufacturing through Maha Cement. Over the past two decades, Hyderabad’s western growth corridors, IT expansion and infrastructure-led urbanisation created major opportunities for developers such as My Home Group, helping shape the city’s modern skyline.
Business analysts say Rao’s diversified investments across real estate, cement and infrastructure have played a major role in strengthening the group’s long-term growth.
The latest Forbes rankings also underline how India’s real estate sector has emerged as a major engine of wealth creation in the post-pandemic period.
Demand for luxury housing, premium gated communities and large-format residences has risen sharply across metro cities as affluent buyers increasingly prioritise lifestyle, space and long-term asset ownership.
Real estate experts note that cities such as Hyderabad, Mumbai, Bengaluru and Pune are witnessing strong demand for premium residential developments, significantly boosting developer revenues and land valuations.
Industry observers say the current real estate cycle is increasingly favouring organised developers with strong land banks, execution capability and premium positioning.
The growing number of Indian developers in the Forbes list is also being viewed as an indicator of the expanding scale of India’s urban economy and the rising contribution of real estate toward GDP, infrastructure creation and employment generation.
Analysts believe future wealth creation in the sector is likely to remain linked to luxury housing, commercial office growth, infrastructure-led urbanisation and redevelopment opportunities across major Indian cities.
**India’s top real estate billionaires – 2026**
| Rank | Name | Company | Net Worth |
| 1 | Kushal Pal Singh | DLF | $12.7 bn |
| 2 | Mangal Prabhat Lodha | Lodha Group | $6.1 bn |
| 3 | Chandru Raheja | K Raheja Corp | $5.3 bn |
| 4 | Vikas Oberoi | Oberoi Realty | $4.7 bn |
| 5 | Atul Ruia | Phoenix Mills | $2.6 bn |
| 6 | Jupally Rameswar Rao | My Home Group | $2.3 bn |
| 7 | Jitu Virwani | Embassy Group | $2.2 bn |
| 8 | Kabir Mulchandani | FIVE Holdings | $2.2 bn |
| 9 | Mofatraj Munot | Kalpataru | $1.5 bn |
Building Legacies
• Hyderabad developer features among India’s richest real estate entrepreneurs.
• Luxury housing boom driving wealth creation.
• Organised developers gaining stronger market dominance.
• Premium housing demand remains strong across metros.
• Infrastructure-led urbanisation boosting land valuations.
• My Home Group expands beyond real estate into cement.
• Hyderabad emerging as major wealth-creation hub.
• Real estate sector strengthening contribution to GDP and jobs.