After closing initial public offering of DLF on June 14, 2007 , K P Singh promoter of DLF has become the richest real estate baron of India.
Thus K P Singh has become the fourth richest Indian after Mukesh Ambani, Anil Ambani and Sunil Mittal. Now Wipro’s Azim Premji comes after immediately after him.
60 percent of realty wealth is assigned to DLF promoter family.Uniech Ltd. Of Ramesh Chandra and his sons Sanjay and Ajay Stands at position second with net worth Rs 30,544 crore (around $7.4 billion) which is about half of DLF’S wealth.
The real estate giant DLF in collaboration with Ranbaxy group company Fortis Healthcare has entered into an agreement to invest by setting up hospitals across India with about Rs.6200 crore.
In the joint venture which has been signed between these two real estate firms, Fortis will acquire 74 percent state and the remaing 26 will be remaining with DLF.
They are planning to build a chain of 200-450 bed hospitals in various 31 cities in India which will be accomplished within three to five years.
This joint venture will mark DLF’s incursion into the healthcare segment and will be a part of strategy of Fortis to become a pan-india player in healthcare segment which will be helpful by resolving real estate problems by setting up new hospitals.
The whole investment of Rs. 6,200 crore will include cost of land, construction and medical equipments. They are planning to build hospitals where DLF has its presence already as DLF already has 10,255 acres land reserve in 31 cities.
The global investment firm Trinity Capital will invest Rs. 300 crores in gurgaon for making a special economic zone . The SEZ (Special Economic Zones) will be constructed by Luxor group and Uppal Group.
The special economic zone will be developed in 8.2 million sq ft area. These two companies have signed a MoU with Trinity capital to accomplish this work.
This will be a better special economic zone in real estate gurgaon which will be completed by 2011. The SEZ is built to attract IT and IT enabled services companies.
In addition to these housing, restaurants, entertainment zones, schools, and hospitals will be developed in the special economic zone.
Real estate Bangalore market has become hot after entering DLF in the real estate market of the city. The biggest real estate player of the country, DLF is planning to construct 10,000 residential apartment units and 2 million sq ft mall in the state capital.
The company is planning to invest Rs.3, 000 crore by building the apartments over 100 acres land. The company has already acquired 80 acres at Bannerghatta Road and 20 acres in Electronics City. The project will be commencing from next three to four months and will provide first set of apartments in two years.
An investment of Rs. 1,000 crore will be made for the biggest mall in the country in Whitefield. The construction has begun for this and will be open for commercial use in about 18 months.
DLF is also in the search of land to develop office building in the city.
The company seeks to fund the projects through the Rs 9,500 crore public issue which opens on June 11, 2007.
The increasing demand of real estate India property by the domestic and foreign customers has surged rapid economic growth. It is assumed that real estate India market may be overheating.
The Prices of Real estate India has acquired unprecedented rises by over 50% annually in some cities i.e Bangalore, Delhi ,Mumbai, Chennai, Hyderabad ,Pune of India since 2004-05.
The factors unprecedented rises in disposable incomes, sharp increases in global liquidity, selective capital account liberalization, looser credit policies, a greater availability of leverage due to financial liberalization and a consequent increase in mortgage lending and price increases result in the boom of real estate India.
The too much rise in property so fast becomes the matter of concerns and the various factors such as economy rate growth of 7% to 9%, rising incomes and a growing middle class, a favorable demographic structure, the nuclearization of families and subsequent drop in family size, increased urbanization (currently 30%), high population concentration (one in every six people in the world lives in India) and greater financial and capital market development gave a boost to this real estate boom.
After closing initial public offering of DLF on June 14, 2007 , K P Singh promoter of DLF has become the richest real estate baron of 
