After falling off last year, property developer Vikas Oberoi returns to the

billionaire ranks this year as shares of his Oberoi Realty recovered amid a stock
market surge. Oberoi who made his name in suburban Mumbai, is now building a
midtown project that will have 2 towers, one consisting of 180 luxury residences
and the other a 237-room hotel, both managed by Ritz-Carlton. His newest
projects Eternia and Enigma will be located on two 9 acre plots in the central
suburbs and will have 1,700 apartments. Oberoi, who lives in Mumbai, is no
relation to the Delhi- based hospitality clan that owns the Oberoi and Trident
hotel chains. He enjoys flying his single-engine Cirrus SR22 plane every
weekend.