Hyderbad Real Estate and Project Update

Hyderabad Real estate continues to spiral down in many areas due to low demand for apartments and rentals. Buyers are staying away which is attributed to general negative sentiment and sellers are not wanting to get rid of their properties at low prices. I know of a few cases where buyers have forfeited their hefty advances after sale agreements since they could not flip the land as planned.

Meet India's richest real estate baron

Promoters of the dozen top listed real estate developers in the country, including DLF Ltd, which will be listed next month, are worth a massive Rs 125,845 crore (or over $30 billion).

However, the lion's share of this net worth (derived on the basis of the latest m-cap) lies with DLF's K P Singh and his family -- Rs 77,915 crore (around $19 billion) based on the allotment price of Rs 525 per share and their shareholding of around 87.3 per cent in the company.

According to BS research, this makes K P Singh the fourth richest Indian by today's market capitalisation, after Mukesh Ambani, Anil Ambani and Sunil Mittal. He overtakes Wipro's Azim Premji, who ranks immediately after him.