Tuesday, Sep 26 2023 | Time 16:47 Hrs(IST)
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Business EconomyPosted at: Mar 25 2021 2:37PM


Hurun India unveils GROHE real estate rich list 2020

Chennai, Mar 25 (UNI) Hurun Report today released the 4th edition
of GROHE Hurun Real Estate Rich List 2020, a ranking of the most
successful real estate entrepreneurs, inheritors in India, ranked by
networth proportionate to their ownership in their respective real
estate businesses.
Wealth calculations are made as of December31, 2020.
The GROHE Hurun India Real Estate Rich List 2020 ranks 100
individuals from 71 companies and 15 cities.
Unveiling the report, Bobby Joseph, Leader, LIXIL, India and Subcon
(GROHE, American Standard and INAX), said, the India Real Estate
Rich List was more than a list of the wealthy in the space.
''It is an indicator of the overall sentiment and direction of the industry'',
he said.
''At GROHE, we rely on this as an important climate indicator to tune
our strategy and marketing efforts. Also, it is heartening to see that
wealth creation in the sector continued to be robust and that there are
new entrants into the list, even in a pandemic year. The message coming
out is definitely positive and uplifting'', he said.
Hurun India MD and Chief Researcher Anas Rahman Junaid, said “Covid-19
was the litmus test for Indian real estate sector. We saw top developers in each
city consolidating their market share. This could be the reason why the GROHE
Hurun Real Estate Rich List registered the biggest churn of 27 per cent since
inception."
Marred by Covid-19, the year 2020 showcased the resilience of the top developers
in the country and not surprisingly the real estate business in India remains highly
localised relative to similar developed economies, he said.
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