Tag: DLF

  • Top Largest Landowners in India

    Possession of land has always been and continues to be, viewed as an indication of social status and authority. The pursuit of more territory has been the cause of numerous conflicts and the downfall of many empires throughout history. On the one hand, land has been vital to human advancement since it has been utilized to construct homes, houses of worship, and institutions like schools and factories. Conversely, this highly sought-after organization has been the subject of several scandals, frauds, and property disputes. With a total area of almost 32,87,590 square kilometers, land becomes even more important in a nation like India. The most land owned in India belongs to the government, followed by major entities like the Indian Railways and large corporate groups.

    The fundamental inquiry is whether there is sufficient land to accommodate all individuals or even a single individual. It seems not.

    Here is a list of the biggest landowners in India, ranked by size and assumed worth, to give you a general impression.

    Government of India

    Landowner Government of India
    Total Land Ownership 15,531 square kilometers (2021)
    Biggest Landowners in India - Government of India
    Biggest Landowners in India – Government of India

    The Indian government owns more land than any other entity in the nation. Over fifty-one Union Ministries and eleven hundred and sixty-six public sector firms in India have disclosed ownership of at least 15,531 square kilometers of land to the Government Land Information System (GLIS) website as of February 11, 2021. Land ownership rights, geo-positioning maps, and total land area can be found in the GLIS, a centralized database system developed by the Ministry of Electronics and Information Technology and administered by the Prime Minister’s Office. The government of India is the largest land owner in India as it owns most land in the country.

    Indian Armed Forces

    Landowner Indian Armed Forces
    Total Land Ownership 17.99 lakh acres (approx 7280.29 sq km)
    Biggest Landowners in India - Indian Armed Forces
    Biggest Landowners in India – Indian Armed Forces

    According to the Directorate General of Defence Estates, the Ministry of Defence owns 17.99 lakh acres making it one of the biggest land owners in India. Curiously, just 1.61 lakh acres of land can be found within the 62 cantonments that have been notified making it one of the biggest land holders in India. Including difficult terrains, the remaining 16.38 lakh acres are distributed among 4900 pockets across India. Sites such as field fire ranges, training areas, and defense establishments are located outside of cantonments.


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    Indian Railways

    Landowner Indian Railways
    Total Land Ownership 4.86 lakh hectares (approx 4860 sq km)
    Biggest Landowners in India - Indian Railways
    Biggest Landowners in India – Indian Railways

    As of March 31, 2022, the Indian Railways owns a total of 4.86 lakh hectares of land. The Northeast Frontier Railway zone, which is headquartered in Assam and spans certain districts of eastern Bihar and northern West Bengal, has the greatest landholding at 48,357.51 hectares. Northern Railways and Southeastern Railways follow with 44,005.53 and 42,850.92 hectares, respectively and are among the top 3 landholders in India.

    Church Properties

    Landowner Catholic Church
    Total Land Ownership 17.29 crore acres
    Biggest Landowners in India - Church Properties
    Biggest Landowners in India – Church Properties

    Among the biggest non-governmental landowners in India, the Catholic Church is a prominent figure. The church acquired territory mostly through the Indian Churches Act of 1927, which transferred land for the propagation of Christianity. It functions through a network of trusts and charity societies. Seven crore hectares, or 17.29 crore acres, of land in India is supposedly owned by the Catholic Church which makes it one of the highest landowners in India. Churches, universities, and schools sit on these pieces of land, which are worth an estimated Rs 20,000 crore altogether and is one of the top 5 largest land owner in India.


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    It is known as the Indian government owns the most land in India but who is the biggest landowner after the Indian government? Let’s Find out.


    Waqf Properties

    Landowner Waqf Properties
    Total Land Ownership 6 lakh acres (approx 2428 sq km)

    The Waqf Act of 1954 established independent agencies called Waqf boards to oversee Muslim-owned properties. Muslims make up a significant religious minority. Muslim kings typically donated or built these sites, which include madrasas, graveyards, graves, and mosques. Owning about 610,000 immovable properties throughout multiple states in India, Waqf Properties are said to be worth lakhs of crores of rupees, yet the state has no say in how they are managed. With a holdings of almost 6 lakh acres, Waqf Properties are the third-biggest landowner in India.

    Godrej Properties

    Landowner Godrej Properties
    Founder Adi Godrej
    Founded 1990
    Website godrejproperties.com
    Products Residential buildings, Commercial complex, Township
    Biggest Landowners in India - Godrej Properties
    Biggest Landowners in India – Godrej Properties

    Godrej & Boyce’s nationwide land holdings remain a mystery, yet the Group is thought to possess over 3,400 acres in Vikhroli, a suburb of Mumbai located in the eastern part of the country. The 14 business divisions of unlisted Godrej & Boyce, which generated INR 14,573.9 crore in sales in FY23, encompass consumer appliances, storage and security solutions, electrical and electric motors, and more. Its production facilities are located in four different Indian states: Gujarat, Uttarakhand, Punjab, Tamil Nadu, and Maharashtra. A statement from Crisil, a rating agency, states that the business earned approximately INR 300 crore in rent in 2023 from the leasing of its commercial real estate. Godrej properties is said to one of the largest land owners in India.

    DLF

    Landowner DLF
    Founder Chaudhary Raghvendra Singh
    Founded 1946
    Website dlf.in
    Products Offices, Apartments, Shopping Malls, Hotels, Golf Courses, Infrastructure
    Biggest Landowners in India - DLF
    Biggest Landowners in India – DLF

    When Chaudhary Raghvendra Singh established DLF in 1946, he began by establishing 22 urban colonies in Delhi. When the firm first set up shop in the relatively uncharted area of Gurugram in 1985, it was to provide first-rate housing and office facilities for the emerging class of Indian global professionals. Across 15 states and 24 cities, DLF manages residential, commercial, and retail properties, making it the largest publicly listed real estate company in India today. DLF’s net profit recently increased 27% year-on-year to INR 655.71 crore, thanks to stronger income and fewer expenses.

    L&T Realty

    Landowner L&T Realty
    Founder Anupam Kumar (CEO and MD)
    Founded 2007
    Website lntrealty.com
    Products Residential buildings, Commercial Complex, Township, Retail
    Biggest Landowners in India - L&T Realty
    Biggest Landowners in India – L&T Realty

    Among the real estate developers in India, L&T Realty is a trendsetter and was established in 2011. It is the real estate part of Larsen and Toubro, which is a $33 billion company. The company is currently active in Mumbai, Navi Mumbai, the National Capital Region (NCR), Bengaluru, Hyderabad, and Chennai. Its broad portfolio encompasses residential, commercial, and retail developments that total 6.50 million square meters, which is equivalent to 70 million square feet. It is one of the India’s biggest landowners.

    Indiabulls Real Estate

    Landowner Indiabulls Real Estate
    Founder Sameer Gehlaut
    Founded 2006
    Website indiabullsrealestate.com
    Products Residential, Commercial, SEZ Projects
    Biggest Landowners in India - Indiabulls Real Estate Limited
    Biggest Landowners in India – Indiabulls Real Estate Limited

    One of the major real estate businesses in India, Indiabulls Real Estate Limited has a well-diversified presence in residential real estate development across the spectrum, from inexpensive to mid-income to premium to super-luxury space. In addition to having 17 ongoing projects with a total saleable area of 12.4 million square feet, the company is one of the largest real estate companies in the world. As of the 31st of March in 2023, the company had a gross development value of Rs 30,130 crore and a net worth of Rs 6,740.23 crore. Additionally, it is currently in the process of constructing a commercial complex that will have a leasable area of 25.5 million square feet. In addition, the company owns a land bank that spans 1,846 acres and 1,424 acres of special economic zone property in Nasik, which is located in the state of Maharashtra.


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    Prestige Group

    Landowner Prestige Group
    Founder Razack Sattar
    Founded 2016
    Website prestigeprelaunchprojects.com
    Products Commercial offices, Apartments, Shopping malls, Villas, Hotels, Golf courses, Leisure and hospitality, Retail
    Biggest Landowners in India - Prestige Group
    Biggest Landowners in India – Prestige Group

    In addition to the National Capital Region, Prestige Group has a presence in cities such as Bengaluru, Chennai, Hyderabad, Mangaluru, Kochi, Kozhikode, Goa, Ooty, Mumbai, and Pune. The company was established in 2016. To date, the group has completed around 288 real estate projects, which encompass a total area of approximately 172 million square feet, and is now one of the biggest landowners in India. These projects include residential developments, such as apartment complexes, row houses, and villas, as well as commercial developments, such as offices, technological parks, special economic zones plotted development, retail, and hospitality. There are currently 56 existing projects totaling around 86 million square feet that are in various phases of development, and there are 43 forthcoming projects that will span approximately 45 million square feet combined.

    Conclusion

    India’s land resources are at the center of the issues that it will face in the future. From the Land Governance Assessment report published by the World Bank, it is anticipated that by the year 2030, India will require between 4 and 8 million hectares of land solely for residential use. As a result of this increased demand, agricultural land may be subjected to substantial pressure, which may result in social dislocation, food insecurity, inequality, environmental problems, and possibly even violence. Even though the land ecosystem is still being shaped by both government and non-governmental organizations, it is necessary to implement sustainable land management methods to strike a balance between development, environmental preservation, and social fairness.


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    FAQs

    Who are the biggest landowners in India?

    The top 10 landowners in India are as follows:

    • Government of India
    • Indian Armed Forces
    • Indian Railways
    • Church Properties
    • Waqf Properties
    • Godrej Properties
    • DLF
    • L&T Realty
    • Indiabulls Real Estate
    • Prestige Group

    Who owns most land in India?

    The Indian government owns more land than any other entity in the nation. Over fifty-one Union Ministries and eleven hundred and sixty-six public sector firms in India have disclosed ownership of at least 15,531 square kilometers of land to the Government Land Information System (GLIS) website as of February 11, 2021.

    What are the major products of Indiabulls Real Estate?

    The major products of Indiabulls Real Estate include Residential, Commercial, and Special Economic Zone projects.

    Who owns most land in India after government?

    Indian Armed Forces, Indian Railways, Church Properties, Waqf Properties, Godrej Properties, DLF, L&T Realty own most land in India after government.

  • From DLF to TATA: Fees of IPL Title Sponsors Over the Years

    The cash-rich Indian Premier League— as a product and brand— has emerged as one of the most profitable arms of cricket. Since its inception in 2008, the Board of Control for Cricket in India’s brainchild has risen by leaps and bounds to be adequately represented by the title sponsors bragging rights to cricket’s most profitable competition.

    The title sponsor fees of IPL are strategically important to the BCCI and the companies wanting the gig. So far, three companies had the most extended contracts with BCCI’s cash-rich T20 league— Pepsi, Vivo, and Tata Group. However, the former two had to unexpectedly terminate their agreement due to spot-fixing allegations and border politics.

    The large viewership of this lucrative sport has lured brands and MNCs to bid on the title sponsorship. The title sponsorship forms a crucial key to the IPL’s revenue-sharing agreement with the franchises— a fraction of the title sponsorship money goes to the ten franchises.

    The 2025 Indian Premier League, also called IPL 18 or TATA IPL 2025, will be the 18th season of the IPL. The tournament will have ten teams playing 74 matches from March 22 to May 25, 2025.

    IPL Title Sponsorship Over the Years
    IPL Title Sponsorship Over the Years

    Here’s a timeline of IPL title sponsors price over the years 2008 to 2028:

    Year Sponsor Fees
    2008 DLF INR 40 crores
    2009 DLF INR 40 crores
    2010 DLF INR 40 crores
    2011 DLF INR 40 crores
    2012 DLF INR 40 crores
    2013 Pepsi INR 79.4 crores
    2014 Pepsi INR 79.4 crores
    2015 Pepsi INR 79.4 crores
    2016 Vivo INR 100 crores
    2017 Vivo INR 100 crores
    2018 Vivo INR 439.8 crores
    2019 Vivo INR 439.8 crores
    2020 Dream 11 INR 222 crores
    2021 Vivo INR 439.8 crores
    2022 Tata INR 335 crores
    2023 Tata INR 335 crores
    2024 Tata INR 500 crores
    2025 Tata INR 500 crores
    2026 Tata INR 500 crores
    2027 Tata INR 500 crores
    2028 Tata INR 500 crores

    Here is a list of the IPL title sponsors over the years:

    DLF: 2008-12

    Sponsor DLF
    Tenure 2008 to 2012
    Fees INR 40 Crore per annum

    The Delhi-based then India’s largest real estate firm, DLF, was the sponsor of the first-ever edition of the Indian Premier League in 2008. Signing a four-year deal with BCCI, DLF bagged the bid by paying BCCI INR 40 crore per annum and became a household name. It was a clever move for the company as it instantly came into the limelight— mainly as the first brand to become the title sponsor of IPL. DLF remained the title sponsor till 2012, and as the deal ended in 2012, the company decided not to renew it. DLF was the first IPL sponsor.

    Pepsi: 2013-15

    Sponsor Pepsi
    Tenure 2013 to 2015
    Fees INR 79.4 Crore per annum
    IPL Title Sponsors List - Pepsi
    IPL Title Sponsor List – Pepsi

    After DLF’s contract with BCCI was terminated, the soft drink giant Pepsi took over from DLF and grabbed sponsorship rights at INR 396 Crore for five years. The second brand sponsor of IPL had the contract till 2017, but the FMCG giant had to step down in 2015 owing to the spot-fixing allegations swirling around. In 2015, an infamous match-fixing scandal in the IPL came, which led to the suspension of two eminent teams from the IPL— the Chennai Super Kings and the Rajasthan Royals were suspended for two years by the Lodha Committee. After this, Pepsi terminated the contract of 5 years in just three years only. This implies that the multinational beverage company just paid INR 238.2 crores to BCCI for the three years it served as the title sponsor of IPL in 2013, 2014, and 2015.


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    Vivo: 2016-17

    Sponsor Vivo
    Tenure 2016 to 2017
    Fees INR 100 Crores per annum
    IPL Title Sponsor List - Vivo
    IPL Title Sponsors List – Vivo

    When Pepsi walked out of the contract two years before its termination, the BCCI was in a spot of bother to fill the void. However, that void was seen as a golden opportunity by the Chinese mobile company VIVO, which jumped in and grabbed the opportunity to sponsor IPL. Vivo bought rights for the remaining two years of the previous contract from Pepsi by paying INR 100 crores till 2017. The mobile company heavily benefitted from this deal as their sales skyrocketed in the Indian market.

    Vivo: 2018-19

    Sponsor Vivo
    Tenure 2018 to 2019
    Fees INR 439.8 Crores per annum
    IPL Title Sponsors List - Vivo
    IPL Title Sponsors List – Vivo

    Following the resounding success of their previous two-year deal, VIVO renewed and gained the title rights for five years. The Chinese mobile company upped the bar to seal the agreement by paying a whopping INR 2,199 crore and outbid their business rivals, Oppo. This meant the company paid a massive amount of INR 439.8 crores annually. However, Vivo could not complete its five-year contract with BCCI because of escalating Indo-China border tensions. In 2020, the Sino-Indian diplomatic relations got sour, and Vivo pulled out as an IPL sponsor before the Indo-China Galwan Valley face-off. The growing anti-Chinese sentiments forced Vivo to back off and call a premature end to the contract in 2020.


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    Dream11: 2020

    Sponsor Dream 11
    Tenure 2020
    Fees INR 222 Crores per annum

    After Vivo prematurely sacked the agreement following a public backlash, the fantasy sports platform Dream11 in 2020 took its place. After the Chinese mobile manufacturing company, Vivo dropped the contract due to the Indo-China tension, Dream11 came on board and made a deal for INR 222 Crore. The fantasy sports platform had a face-off against one of India’s heavyweights— the Tata Group and Edtech startups such as Byju’s and Unacademy— and bagged the bid, causing BCCI to receive INR 217.80 crores less from the previous contract with Vivo. With a clever marketing strategy and catchy advertisements featuring renowned cricketers, the deal with BCCI accelerated the fantasy game platform Dream11, to become one of the world’s top fantasy platforms.

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    Vivo: 2021

    Sponsor Vivo
    Tenure 2021
    Fees INR 439.8 Crores per annum

    With the hope of diluting Sino-Indian tension in the minds of Indians, the Chinese mobile company VIVO once again returned as the Title Sponsor for the 2021 IPL, paying the same amount as it paid before Dream 11. As this deal was signed, IPL sponsorship cost BCCI a whopping INR 439.8 crores for title sponsorship, but the Chinese manufacturing company again had to pull out after this year as the Indo-China border clash continued to haunt the company. With this, Vivo somehow served five years as the title sponsor of the Indian Premier League. That said, Vivo will also have to pay a 6 percent assignment fee for two years, which comes to INR 29 crore in 2022 and INR 31 crore in 2023, making Vivo pay INR 454 crore— a little over the annual sponsorship money initially committed by the company. The Chinese phone manufacturer wanted to commit to its agreement. Nonetheless, the military face-off between India and China in 2020 caused a large-scale ban on Chinese products in the South Asian peninsula and caused Vivo to step back.


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    Tata Group: 2022-23

    Sponsor Tata Group
    Tenure 2022 to 2023
    Fees INR 335 crores per annum
    IPL Title Sponsor List - Tata
    IPL Title Sponsors List – Tata

    One of India’s largest businesses and most reputed Industrial conglomerates, TATA Group, replaced VIVO for 2022 and 2023 as the IPL title sponsor by paying around INR 670 crore.

    With an annual fee of INR 335 crores from TATA and INR 454 crores from Vivo, BCCI had a win-win situation as it is to earn a whopping INR 1124 crore for seasons 2022 and 2023. Of INR 335 crore per year, INR 301 crore is the Rights Fee, and an additional INR 34 crore is the cumulative fee (for an increase of 14 games). As one of the largest and most reliable industrial groups, TATA looks forward to promoting the sport across political borders.

    Tata Group: 2024-28

    Sponsor Tata Group
    Tenure 2023 to 2028
    Fees INR 500 crores per annum

    The Tata Group has secured the title sponsorship rights for the Indian Premier League (IPL) from 2024 to 2028, with a record-breaking financial commitment of INR 2500 crore. This is the highest-ever sponsorship amount in the history of the league, which reflects the immense value and appeal that the IPL holds in the world of sports. The Tata Group is a symbol of excellence in India, with a diverse range of verticals, and has previously held the title sponsorship rights for the IPL in 2022 and 2023. Additionally, the group is also the title sponsor of the Women’s Premier League, the biggest women’s T20 league in the world.

    The collaboration between the BCCI and the Tata Group embodies the spirit of growth, innovation, and mutual dedication to excellence. The unprecedented financial commitment by the Tata Group underscores the immense scale and global impact of the IPL on the international sports stage.

    For the 2025 IPL season, besides the title sponsor, there are other key partners:

    • Associate Partners: My11Circle, Angel One, and RuPay
    • Broadcast Partner: Star Sports
    • Digital Streaming Partner: Jio Cinema
    • Strategic Timeout Partner: CEAT
    • Official Umpire Partner: Wonder Cement

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    FAQs

    Who have the IPL title sponsors been over the years?

    The IPL title sponsors over the years are DLF, Pepsi, Vivo, Dream 11, and Tata Group.

    Why did Pepsi have to step down as the title sponsor of IPL in 2015?

    In 2015, an infamous match-fixing scandal in the IPL came, which led to the suspension of two eminent teams from the IPL— the Chennai Super Kings and the Rajasthan Royals were suspended for two years. After this, Pepsi terminated the contract of 5 years in just three years only.

    How much does it cost to sponsor an IPL team?

    Sponsoring an IPL team can vary in cost. Tata Group secured the title sponsorship for IPL 2024-2028 for a record-breaking amount of INR 2500 crore. Team sponsorships are expected to increase by 10% in 2023, with each franchise earning between Rs 50-100 crore depending on the team.

    Which was the first company to sponsor IPL?

    DLF was the first company to be the title sponsor of IPL at INR 40 crores annually.

    Which year was DLF title sponsor of IPL?

    DLF was the title sponsor of IPL from 2008-2012.

    Who was the IPL 2008 sponsor?

    DLF was the IPL title 2008 sponsor.

    What is the IPL title sponsors list from 2008 to 2023?

    IPL title sponsors from 2008-2012 was DLF, Pepsi from 2013-2015, Vivo from 2016-2019, Dream 11 for 2020, Vivo again for 2021, and Tata from 2022 to 2028.

    What is the Vivo IPL sponsorship amount?

    Vivo was the title sponsor of IPL from 2016-2019 for INR 100 crore from 2016-2017, INR 440 crore from 2018-2019, and then INR 440 crore for 2021.

    What is IPL sponsors 2025 price?

    IPL title sponsor from 2024-2028 is Tata with INR 500 crore for every year.

  • Kushal Pal Singh: The Visionary Billionaire Who Shaped Gurugram’s Urban Transformation

    You may have heard of the DLF conglomerate, but definitely, with great chances you may not have any idea of who Kushal Pal Singh is. Of all the billionaires in our land, it was K.P. Singh, the billionaire real estate developer, who sat 8th spot at the top, according to Forbes Richest World’s Billionaires list in 2008. He ranks as India’s 12th richest person as per the Forbes India Rich List of 2024.

    K.P. Singh has constructed many earthquake-proof apartments, shopping malls, office spaces, and other leisure facilities in Gurugram. When K.P. Singh was the Chairman of DLF Limited, the company floated an IPO in 2007, which was one of the largest IPOs in India, raising about $2.24 billion. With the increase in the market capitalization of the company to more than $25.15 billion (as of December 2024), Singh and his family became one of the richest families in the world.

    In this article, learn more about real estate mogul Kushal Pal Singh, including his education, career, net worth, family, awards, and more.

    Kushal Pal Singh Biography

    Name Kushal Pal Singh
    Born August 15, 1931
    Birthplace Bulandshahr, Uttar Pradesh, India
    Nationality Indian
    Education Graduated in Science from Meerut College, Aeronautical Engineering from the UK
    Profession Billionaire Real Estate Developer DLF Limited CEO and Chairman of DLF Limited
    Military Career Served in the Indian Army (1951-1960)
    Unit Deccan Horse
    Rank Captain
    Spouse Indira Singh
    Children Rajiv Singh (son) Renuka Talwar (daughter) Pia Singh (daughter)
    Net Worth $19.1 billion (December 2024)

    Kushal Pal Singh – Early Life and Education
    Kushal Pal Singh – Family
    Kushal Pal Singh – Career Highlights
    Kushal Pal Singh – Controversy
    Kushal Pal Singh – Awards and Recognition
    Kushal Pal Singh – Interesting Facts

    Kushal Pal Singh – Early Life and Education

    K.P. Singh was born in August 1931 in Bulandshahr, UP in a typical Tewatia Jat family. His father, Chaudhary Mukhtar Singh, was a renowned lawyer in Bulandshahr. After pursuing his science degree from Meerut College, K.P. Singh pursued aeronautical engineering in the UK and was selected into the Indian Army by the British Officers Services Selection Board. He was commissioned to join the Deccan Horse in 1951. In 1960 he joined the American Universal Electric Company and once it merged with DLF Universal Limited in 1979 he became the MD.

    Kushal Pal Singh – Family

    K.P. Singh was married to Indira Singh, the daughter of Raghavendra Singh, the founder of DLF Limited. Singh lost his wife, Indira Singh, to cancer in 2018. He has one son Rajiv and two daughters, Renuka and Pia together with his wife.

    Rajiv later succeeded K.P. Singh as the Chairman of the DLF Group in 2020. Kavita, wife of Rajiv, became an advisor to DLF Commercial Developers Ltd. in November 2002 and was also made Advisor to DLF Universal Ltd. in 2011. They have two daughters, who are working in the company.

    K.P. Singh’s elder daughter is married to G.S. Talwar, a non-executive director in the company. They have a son Rahul who is also a part of DLF India Ltd, but as a management trainee. K.P. Singh’s youngest daughter Pia is a full-time Director on the board of DLF Limited.


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    Kushal Pal Singh – Career Highlights

    In 1960, K.P. Singh joined the American Universal Electric Company where he gained invaluable insights into the world of business. Post which, in 1979 he joined as joint MD as the director of DLF Universal Limited with Chaudhury Raghuvender Singh, his father-in-law. Under their joint leadership, the company became a prominent player in the real estate industry.

    He played a major role when it came to shaping the future of DLF Limited. In 1970, he set his ambitious plan into action and started buying and developing property in the Gurgaon area. He envisioned Gurgaon (now Gurugram) to be a satellite city where international companies would race to set up their operations. He acquired over 3500 acres of land in the area and with his prowess in the real estate field the company transformed the city of Gurugram into an up-and-coming business hub with multiple apartments, offices, shopping malls, and leisure spaces.

    In the 1990s GE became one of the biggest international corporations to lease an office space in the area which now came to be known as DLF City. With India becoming the top outsourcing destination other international brands such as IBM, American Express, British Airways, and Nestle became the tenants of DLF.

    With Singh at the helm of DLF, it expanded far beyond Gurugram with its shopping malls, apartments, and hotels. In 2007, under K.P. Singh’s leadership, DLF Limited launched an initial public offering (IPO) that raised approximately INR 9,188 crore (about $2.25 billion) by selling 17.5 crore shares at INR 525 each.

    Kushal Pal Singh – Controversy

    In 2016, K.P. Singh was one of the high-profile names that were leaked from the Panama Papers. These comprised 11.5 million confidential documents developed by the Panamanian corporate services provider Mossack Fonseca. Singh, his wife, son, daughter Pia, and her husband Timmy Sarna were all named as those who set up offshore companies in the British Virgin Islands.

    Kushal Pal Singh – Awards and Recognition

    Kushal Pal Singh Receiving Padma Bhushan Award
    Kushal Pal Singh Receiving Padma Bhushan Award
    • 2000: The Samman Patra Award, conferred by the Government of India for being one of the top taxpayers of the Delhi region
    • 2008: Recognition by Forbes magazine as the richest real estate baron and 8th richest person in the world
    • 2008: A special award conferred by NDTV, at the Indian of the Year Award Function for his contribution towards the growth of the Indian economy
    • October 2010: Decoration of Officer of the Order of St. Charles, conferred by Prince Albert II of Monaco for his contributions as Honorary Consul General of Monaco in Delhi for the previous two decades.
    • January 2010: Padma Bhushan Award, Government of India.
    • Delhi Ratna Award by Delhi Government, for his valuable contribution to the development of Delhi.
    • 2011: Entrepreneur of the Year award at The Asian Awards
    • 2024: Singh and Aparna Jain’s book Why the Heck Not? was published

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    Kushal Pal Singh – Interesting Facts

    • Property baron K.P. Singh joined DLF in 1946, a real estate development firm started by his father-in-law.
    • K.P. Singh acquired 3,500 acres around Gurgaon (now Gurugram) to build DLF City, his showpiece township.
    • He acquired the land from farmers in the area. 
    • Today, DLF is headed by his son, Rajiv, as the chairman, and is listed as India’s largest property firm.
    • In August 2017, Singh sold his one-third stake in DLF’s rental arm GIC for $1.9 billion.
    • In 2020, K.P. Singh stepped down as the Chairman and is now chairman emeritus of DLF. 
    • In 2022, DLF launched its luxury residential project in Delhi with GIC. 
    • He now spends his time between London and Dubai.

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    FAQs

    Who is Kushal Pal Singh?

    Kushal Pal Singh is an Indian billionaire real estate developer and the former chairman of DLF Limited. He is currently the Chairman Emeritus of DLF.

    What is Kushal Pal Singh’s education?

    K.P. Singh completed his science degree from Meerut College and then pursued aeronautical engineering in the UK.

    What awards has Kushal Pal Singh received?

    He received the Padma Bhushan in 2010, Forbes recognition as the 8th richest person in the world in 2008, the Entrepreneur of the Year award in 2011, and more.

  • With DLF’s Assistance, Tesla has Resumed its Quest for a Showroom in New Delhi

    In a significant indication that the Elon Musk-led electric vehicle maker has begun reconsidering its entry into the Indian market after postponing its investment plans in the nation earlier this year, Tesla has resumed its search for showroom space in New Delhi. At first, Tesla was searching New Delhi for a location for its showrooms. But when the carmaker decided to put the investment plan on indefinite hold, the hunt was put on hold. But now that the brand has resumed its hunt, it might be a significant step for the business to relaunch its India strategy. According to a news agency, Tesla is now in preliminary negotiations with real estate development firm DLF to reserve space in the area around the nation’s capital. In addition, the massive electric car manufacturer is negotiating with other parties.

    According to reports, Tesla is searching for 3,000 to 5,000 square feet to build a consumer experience centre and a three-fold larger area for its service and delivery operations. The article further stated that the auto manufacturer is assessing a number of sites, such as the Cyber Hub office and retail complex in neighbouring Gurugram city and DLF’s Avenue Mall in southern Delhi. Additionally, it stated that Tesla is seeking to lease an 8,000-square-foot showcase area at the Avenue Mall. However, nothing has been finalised as of yet, and Tesla is still in the exploratory stage of its quest for showroom space.

    Tesla’s Strategy for India: Initial Developments

    When Elon Musk, the CEO of Tesla, announced in April that he would visit India to meet with Prime Minister Narendra Modi, the news of Tesla’s foray into the Indian auto sector became widely publicised. It was rumoured that he may announce a $2–3 billion investment in India, which would entail establishing a local facility for the production and assembly of Tesla electric vehicles. This facility would serve as a hub for EV manufacturing worldwide in addition to serving the Indian market. But after Tesla chose to fire 10% of its global workers due to declining sales, Musk abruptly cancelled his trip. Although Tesla began hiring in India in 2021 when it registered as Tesla India Motors in Karnataka, the automaker’s admittance into the country has remained an issue of contention for the past two years.

    Tesla’s Demand from the Indian Government

    In order to begin formal business operations in India, Tesla requested a reduction in import taxes for its electric vehicles. The Indian government, however, has refused to grant Tesla any special treatment, arguing that doing so would be unjust. Rather, the Indian government has consistently insisted that the EV manufacturer establish a domestic production plant there. Subsequently, the Indian government implemented a policy that permitted Tesla to import specific electric vehicles at a reduced tariff of 15% in exchange for the establishment of a domestic manufacturing and assembly facility in the nation. Following Tesla’s failure to meet its previous investment plans, the Indian government loosened some of its regulations in an attempt to draw in automakers. At first, Hyundai and Toyota showed interest in the move. But in the Indian market, Tesla’s “to go or not to go” strategy continued to be a hot topic of conversation.


    Delhi Extends Electric Car Policy Until March 2025: CM Atishi
    Delhi CM Atishi extends the electric car policy until March 31, 2025, to promote eco-friendly transportation and boost EV adoption in the capital.