In a recent study conducted by Barclays Private Clients and Hurun India, real estate giants DLF Ltd. and Macrotech Developers have been recognized as the most valuable family-run businesses in the sector.
DLF Ltd., led by the Rajiv Singh family, secured the ninth position in the "Top 30 Most Valuable Family Businesses" list for 2024. The Gurugram-based company, valued at ₹2,04,500 crore, emerged as the highest-valued family business in the real estate sector.
Macrotech Developers, owned by the Lodha family and led by Abhishek Lodha, followed as the second most valuable real estate family business in India. The company, founded by Mangal Prabhat Lodha, is valued at ₹1,12,200 crore and holds the 18th spot in the overall rankings.
Commenting on the industry landscape, Anas Rahman Junaid, Managing Director and Chief Researcher at Hurun India, noted the ongoing diversification within the sector. He highlighted the growing presence of established players like Tata and Mahindra and anticipated the entry of more competitors in the near future.
Additionally, the report featured the Hiranandani family (Hiranandani Communities), Munot family (Kalpataru), and Shankar family (Brigade Enterprises) among the top 20 first-generation families with active second-generation leadership.
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