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Wednesday, June 20, 2007

Real Estate India’s baron K P Singh

K P SinghAfter 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.

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