Wednesday, 3 April 2013

Real Estate Tycoon KP Singh

Real Estate Tycoon KP Singh:

Billionaire and real estate entrepreneur KP Singh is the keyman behind DLF, India’s biggest real estate company. KP Singh’s business interests include the following: housing, commercial complexes, SEZs, shopping malls, hotels, and infrastructure development. In 2008 Forbes declared himrichest real estate baron in the world, having a net worth of $30 billion. However, due the global meltdown his wealth saw a sharp decline and the Forbes 2009 list of the world’s billionaires estimated his net worth to be $ 5 billion.
KP Singh was born on August 15, Year 1931 at Bulandshahar, UP, India. After his graduation in science from Meerut College, he moved to the United Kingdom for studying aeronautical engineering. While KP Singh was in the UK, the British Officers Services Selection Board, UK selected him for joining The Indian Army. After his training at the Indian Military Academy at Dehradun, KP singh was commissioned into the ‘The Deccan Horse’ cavalry regiment of The Indian Army. KP Singh joined American Universal Electric Company in 1960. This was a JV between his family and Universal Electric Company of Owosso, Michigan, USA. In 1979 American Universal Electric Company merged with DLF Universal limited. Shortly After that, KP Singh took the position of the MD of the new company.
KP Singh had big plans of buying land in Gurgaon. As an entrepreneur and a visionary KP Singh could very well see tremendous scope for real estate development in Gurgaon. As time went by the Gurgaon transformed into one of India’s leading real estate destinations and a hub of business activity.
DLF built and developed DLF City, the 3000 acre integrated township in Gurgaon. DLF was instrumental in bringing a number of MNCs to India, including GE and Nestle. The DLF Cyber City in Gurgaon spans 125 acres and is one of the biggest integrated technology parks in India. DLF Golf club in Gurgaon is one of the top golf clubs in Asia and the only night Golf Club in India. DLF recently launched DLF Emporio Mall in New Delhi, India’s largest Luxury Mall. Presently, DLF has projects in a number of cities accross several states. DLF has a land bank of more than 10000 acres, 3000 acres of which is in prime locations. DLF is the title sponsor for the Indian Premiere League (IPL).

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