How Ankur Aggarwal Built a ₹34,000 Crore Empire

New Delhi: Indian entrepreneurs are making their mark worldwide, and among them, Ankur Aggarwal, Chairman and Founder of BNW Developments, has emerged as a prominent name in the global real estate sector. After establishing his business in Dubai, Aggarwal has now expanded operations to Russia, leveraging growing India-Russia ties amid President Vladimir Putin’s visit to India. Speaking at the India Today Conclave in Moscow, he shared insights into his strategic steps for developing luxury properties in the Russian capital.

Humble Beginnings
Ankur Aggarwal’s journey from a modest Delhi household to global real estate success is remarkable. Losing his father at the age of six, he witnessed his mother single-handedly manage the family. At just 11, Ankur began tutoring younger children to support his family financially.

Encouraged by a cousin, he pursued a Chartered Accountancy (CA) course, a rigorous program that not only honed his accounting skills but also instilled discipline and work ethic. Starting with a loan of ₹70,000 from his sister, Aggarwal launched his CA practice, building a strong client base over the years. His expertise in finance and risk management later led him to start a brokerage business with global clientele.

Stepping into Real Estate
After a decade as a chartered accountant, Aggarwal shifted focus to real estate in Dubai in 2021. Initially offering consulting services, he soon expanded into property development, launching high-profile projects in Ras Al Khaimah and Dubai. Within two years, BNW Developments achieved remarkable growth, completing 28 projects in Ras Al Khaimah and acquiring prime land on Al Marjan Island, which appreciated significantly, yielding substantial profits.

Global Operations and Workforce
Today, BNW Developments employs around 400 professionals and caters to clients in the UAE, Russia, USA, UK, and China, with an office in Delhi as well. In Russia, Aggarwal has established a full-experience gallery office, allowing potential buyers to view Dubai and UAE property projects firsthand before making a purchase.

Future Plans
At the India Today Conclave, Aggarwal revealed ambitious plans for the next three-and-a-half years, including sourcing ₹10,000 crore worth of building materials from India for his global projects. This will include marble from Udaipur and tiles from Morbi, integrating Indian materials into construction projects in Russia.

Net Worth
BNW Developments, co-founded with Bollywood actor Vivek Oberoi as Managing Director, has amassed assets worth 22 billion dirhams (approximately ₹54,000 crore) in just three years. Ankur Aggarwal’s personal net worth is reported to be around 14 billion dirhams (₹34,000 crore), cementing his status as a leading figure in international real estate.

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