India's New Real Estate Barons - 2007

Last year we were the first one to write an exclusive story about the India's Richest Land Lords. Today we have another story covering the young and new land barons of India. They all are young and ambitious to build something unique in India. They are also Multi-Millionaires.

Rohtas Goel, is the Chairman and Managing Director of Omaxe Ltd and is worth Rs 540 crore. Omaxe is a premier Real Estate developer in Northern India. Rohtas is merely 43 and is self made man when it comes to Real Estate. After graduating in Civil Engineering, Rohtas disagreed to join the family trading business and went into constructions. Omaxe has completed 120 projects. Omaxe is now spreading wings into Amritsar, Sonepat, Ludhiana, Rohtak, Jaipur, Ajmer and Agra. Goel has recently started construction on his dream projects, first of its kind in India,
Wedding Mall - One-stop shop for wedding related shopping and
House2Home Mall - Will sell everything that's needed to setup a Home.


Sarang Wadhawan is the Managing Director of Rs 422 crore HDIL. Unlike Goel, Sarang is concentrating on building homes for the common man. Sarang is a 30 year old grad from Clark University.

HDIL has completed 20 Million sft of slum redevelopment and rehabilitation just like Akruti Nirman. Apart from slum redevelopment and infrastructure projects, HDIL is venturing into building a 2 Million SFT commercial hub and a 1 Million SFT retail mall. He is also looking to venture into Tier-2 and Tier-3 cities now.


33 year old Shravan Gupta is the Manging Director of the ambitious Emmar-MGF Realty Ventures in India. He is diversifying from his family business of leasing and hire purchase by shaking hands with Dubai based Real Estate company, Emmar group. Emmar group is building the tallest tower in the world in Dubai, Burj and have 12 SEZ approvals in India. Their first project - luxury residential, has kicked off in Mohali and is spread on a 26 acre plot.

Emmar MGF is also investing $300 Million to build Budget Hotels in India - Formule 1 with 10,000 rooms by 2010. They are also planning to build 10-15 luxury hotels in India.


Ravi Purvankara is the MD of Bangalore / Bengalooru based Purvankara Projects and hails from an upper middle class family. Ravi always wanted to be an entrepreneur . Ravi has already completed 24 residential projects and 1 commercial project. Currently Purvankara is developing 12 residential projects and 1 10 Million SFT commercial project. The company has a land bank of 69 Million SFT. Purvankara has filed Draft Red Herring prospectus for an IPO and plans to acquire another 76 Million SFT of land in Bangalore and Chennai. Purvankar also wants to go overseas for realty development - Colombo, Sri Lanka.

Tags: India Real Estate, India Realty, Omaxe Purvankara,
HDIL Emmar MGF