A 92-Year-Old Property Mogul Nabs $5.5 Billion on Bet From the 1980s

Developer KP Singh’s wealth tops real estate gains this year
Singh transformed farmland near New Delhi into condos, malls

Kushal Pal Singh in 2011.Photographer: Ramesh Pathania/Mint/Getty Images

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By Alexander Sazonov, Chiranjivi Chakraborty, and Rajesh Kumar Singh

November 21, 2023 at 8:00 PM UTC

Updated on

November 22, 2023 at 8:30 AM UTC

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While the fortunes of real estate tycoons across the globe plummet, Kushal Pal “KP” Singh — a billionaire who helped reshape the suburbs of India’s capital New Delhi — is bucking the trend.