GAR Cars Chairman ranks 10th among wealthy from realty

Real estate magnate DLF chairman Rajiv Singh retained his top position as the wealthiest person in real estate sector with a total net worth of Rs 59,063 crore, according to a list prepared by Kitchen and Bathroom fittings company GROHE-Hurun. It compiled the information of 67 real estate companies spread over 16 cities. It gave ranks to 100 wealthy persons. In all, 10persons from Telugu states figured in the list. The GAR Corporation founder-chairman G Amarender Reddy and his family ranked 10th position with a total net worth of Rs 15,000 crore.

The list of other wealthy persons is as follows: Mangal Prabhat Lodha family (Macrotech Developers of Lodha Group)-second position – Rs 42,270 crore and Arjun Menda family of RMZ Cars- third position-Rs 37,000 crore. State-wise, Maharashtra has the highest number of 37 wealthy persons in realty sector, followed by Delhi, 23, Karnataka, 18, Telangana, 9, and Andhra Pradesh, 1.

Regarding the Telugu people, My Home Constructions chairman Jupally Rameshwara Rao’s family ranked 13th position with a total net worth of Rs 9490 crore. C Venkateswara Reddy of Aparna Construction ranked 16th with a net worthof Rs 5,940 crore, S Subrahmanyam Reddy also of Aparna Constructions with a total net worth of Rs 3900 crore ranked 29th, Ayodhya Ramireddy with total net worth of Rs 1420 crore ranked 46th, Sunil Bommireddy of Alliance Infra with a total net worth of Rs 1,300 crore ranked 49th, GVK Reddy of Taj GVK Hotels with a total net worth of Rs 700 crore ranked 78th.