Lodha Is Richest Indian Property Tycoon With $3.8 Billion Wealth - Bloomberg
Pursuits

Lodha Is Richest Indian Property Tycoon With $3.8 Billion Wealth

Affordable residential properties in Lodha Group’s Palava City on the outskirts of Mumbai.

Photographer: Dhiraj Singh/Bloomberg
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Mangal Prabhat Lodha, the founder of Lodha Group and a lawmaker representing India’s ruling Bharatiya Janata Party, has become the nation’s richest real estate developer after the company’s sales increased 22 percent.

Lodha’s wealth is estimated at 271.5 billion rupees ($3.8 billion), according to the GROHE Hurun India Real Estate Rich List. Lodha, who started the real estate business three decades ago in Mumbai, is constructing the 75-story Trump Tower in India’s commercial capital.

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