Berkeley boss and three other directors are rumoured to have awarded themselves shares worth a total £60m

Berkeley Group chief executive Tony Pidgley will award himself a bonus package of £31m, according to media reports.

Tony Pidgley, Berkeley Group chief executive

In a move set to defy the wider downturn in the housing sector, Pidgley and three other directors are set to receive shares worth a combined £60m.

Finance director Rob Perrins will get £12m and two other directors, Tony Carey and Greg Fry, will get £9m and £6m respectively.

Last month Berkeley announced it would defer a final 300p of a 1,200p payout to shareholders so it could take advantage of cheap land prices.