Kushal Pal Singh
Kushal Pal Singh is an Indian billionaire real estate developer, and the chairman and CEO of real estate developer DLF Limited, founded by his father-in-law Chaudhary Raghvender Singh. DLF has an estimated land bank of 10,255 acres, with about 3,000 acres in Gurugram, called DLF City.
- 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 vice chairman, is India’s biggest listed property firm.
- 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.
- He used the proceeds to buy more shares in DLF and now owns 75%.
