Property baron Kushal Pal Singh left an army posting in 1961 to join DLF, a company started by his father-in-law in 1946.
Singh later built DLF City in Gurgaon, his showpiece township on the outskirts of Delhi, by acquiring land from farmers.
Today, Delhi-headquartered DLF, run by his son Rajiv as chairman, is India's biggest listed property firm by market cap.
In August 2017, Singh sold his one-third stake in DLF's rental arm to GIC, Singapore's sovereign wealth fund, for $1.9 billion. In 2022, DLF launched a luxury residential project in Delhi with GIC.
Singh stepped down as chairman after more than five decades in that position, in 2020. He's now chairman emeritus of DLF and lives mostly between London and Dubai.
A neighborhood in New Delhi has become the focal point of Indian power and prestige, with more than a dozen of the country's top 100 richest owning property there.
The 10 Biggest Billionaires List Net Worth Jumps Of The 21st Century 10. Eike Batista: $19.5 billion 9. Kushal Pal Singh: $20 billion 8. Hui Ka Yan: $20.1 billion 7. Ma Huateng: $20.4 billion 6. Carlos Slim Helu: $20.5 billion 5. Mukesh Ambani:
2010 Indian Premier League (Photo credit: Wikipedia) Shares of Deccan Chronicle Holdings, a listed media outfit in Hyderabad that publishes the Deccan Chronicle newspaper have been tanking of late as lenders line up to demand repayment of their loans. Last week, The Industrial Finance Corporation of India filed a winding up [...]