Rakesh Wadhawan & Family Biography, profile, Dewan Housing & Finance, Housing Development & Infrastructure Limited (HDIL), Forbes Billionaire, Net Worth
Rakesh Wadhwan is Indian Real Estate Business Tycoon. Forbes has estimated his net worth US $ 1.0 Billion in 2010 making him India’s Top 50 richest people.
Rakesh Wadhwan is the Chairman of HDIL – Housing Development and Infrastructure Limited. a listed real estate development company in India, with significant operations in the Mumbai Metropolitan Region. HDIL's business focuses on Real Estate Development, including construction and development of residential projects and, more recently, commercial and retail projects, Slum Rehabilitation and Development, including clearing slum land and rehousing slum dwellers, and Land Development, including development of infrastructure on land which the company then sells to other property developers.
Started, with late older brother Rajesh, Dewan Housing & Finance, among India's earliest mortgage firms. Now chairs real estate firm Housing Development & Infrastructure Ltd., whose listing in July 2007 made him a billionaire. A leader in Mumbai's slum redevelopment market, company bagged major project to clear slums around Mumbai airport October 2007.
HDIL was listed in the Indian Stock market in 2007 souring his wealth to the billion dollar mark.
Rakesh Wadhwan is married and have 2 Children.