Hurun India
Hurun India
DLF, Macrotech Developers, Adani Realty among most valuable real estate players in India: Hurun report
Gurugram-based DLF emerged as the top real estate firm with a valuation of over Rs 2 lakh crore, according to 2024 Grohe-Hurun India Real Estate 100
DLF, Macrotech Developers, and Adani Realty are among the most valuable real estate companies in India, a report said on July 11.
Gurugram-based DLF emerged as the top real estate firm with a valuation of over Rs 2 lakh crore, according to 2024 Grohe-Hurun India Real Estate 100. DLF is followed by Mumbai’s Macrotech Developers with a valuation of Rs 1.36 lakh crore, and Indian Hotels Company (Rs 79,150 crore), completing the top 3 real estate players of the company.
Indian Hotels Company, or Taj group, is the most valuable hospitality firm of the company, the report said.
"India's real estate sector is experiencing a remarkable boom, driven by a rapidly growing middle class, robust economic expansion, and increasing investments. With the middle class projected to reach 547 million by 2030, residential sales are expected to grow 10-12 percent in FY25. Rising foreign investments of around $ 4 billion yearly are further catalysing growth,” Anas Rahman Junaid, founder and chief researcher, Hurun India said.
The firms on the list have a cumulative valuation of Rs 14.2 lakh crore, with 86 percent of the companies posting growth to add a total value of Rs 6.2 lakh crore.
According to the report, Mumbai remains the real estate capital of the country with 60 percent of the top 10 firms headquartered in the city, while two are based in Bengaluru and one each in Gurugram and Ahmedabad.
The financial capital of the country leads the list with 33 companies, followed by tech capital Bengaluru (15), New Delhi (14), and Gurugam with 10 companies, the report showed, adding that the big 4 cities contribute 72 percent of the companies on the list.
Others in the top 10 list are: Godrej Properties with a valuation of Rs 77,280 crore, Oberoi Realty (Rs 66,200 crore), Prestige Estates Projects (Rs 63,980 crore), Adani Realty (Rs 56,500 crore), The Phoenix Mills (Rs 55,740 crore), K Raheja Group (Rs 55,300 crore), and Embassy Office Parks (Rs 33,150 crore).
Adani group's realty arm jumped into the top 10 list following a 62 percent year-on-year growth. It is also the most valuable unlisted company in the country.
Out of the 100 top real estate firms on the list, only two were led by women. Bengaluru-based, Brigade Enterprises, which is valued at Rs 29,690 crore, is led by Pavitra Shankar, while G Indira Krishna Reddy heads the Hyderabad-based TAJ GVK, which is valued at Rs 2,050 crore, according to the report.
In a positive sign for the sector, the report said that the threshold to be eligible for the list has surged by 30 percent to Rs 1,200 crore.
India is also moving ahead to become the real estate capital of Asia, with 36 billion-dollar companies beating its neighbour China, whose real estate market is struggling because of demand slowdown and government clampdowns, the report showed.
Among the richest real estate entrepreneurs, DLF's Rajiv Singh led the list with a total wealth of Rs 1.24 lakh crore. Singh was followed by Macrotech's Mangal Prabhat Lodha & family and Gautam Adani & family.
DLF, Macrotech Developers, Adani Realty among most valuable real estate players in India: Hurun report
Gurugram-based DLF emerged as the top real estate firm with a valuation of over Rs 2 lakh crore, according to 2024 Grohe-Hurun India Real Estate 100
DLF, Macrotech Developers, and Adani Realty are among the most valuable real estate companies in India, a report said on July 11.
Gurugram-based DLF emerged as the top real estate firm with a valuation of over Rs 2 lakh crore, according to 2024 Grohe-Hurun India Real Estate 100. DLF is followed by Mumbai’s Macrotech Developers with a valuation of Rs 1.36 lakh crore, and Indian Hotels Company (Rs 79,150 crore), completing the top 3 real estate players of the company.
Indian Hotels Company, or Taj group, is the most valuable hospitality firm of the company, the report said.
"India's real estate sector is experiencing a remarkable boom, driven by a rapidly growing middle class, robust economic expansion, and increasing investments. With the middle class projected to reach 547 million by 2030, residential sales are expected to grow 10-12 percent in FY25. Rising foreign investments of around $ 4 billion yearly are further catalysing growth,” Anas Rahman Junaid, founder and chief researcher, Hurun India said.
The firms on the list have a cumulative valuation of Rs 14.2 lakh crore, with 86 percent of the companies posting growth to add a total value of Rs 6.2 lakh crore.
According to the report, Mumbai remains the real estate capital of the country with 60 percent of the top 10 firms headquartered in the city, while two are based in Bengaluru and one each in Gurugram and Ahmedabad.
The financial capital of the country leads the list with 33 companies, followed by tech capital Bengaluru (15), New Delhi (14), and Gurugam with 10 companies, the report showed, adding that the big 4 cities contribute 72 percent of the companies on the list.
Others in the top 10 list are: Godrej Properties with a valuation of Rs 77,280 crore, Oberoi Realty (Rs 66,200 crore), Prestige Estates Projects (Rs 63,980 crore), Adani Realty (Rs 56,500 crore), The Phoenix Mills (Rs 55,740 crore), K Raheja Group (Rs 55,300 crore), and Embassy Office Parks (Rs 33,150 crore).
Adani group's realty arm jumped into the top 10 list following a 62 percent year-on-year growth. It is also the most valuable unlisted company in the country.
Out of the 100 top real estate firms on the list, only two were led by women. Bengaluru-based, Brigade Enterprises, which is valued at Rs 29,690 crore, is led by Pavitra Shankar, while G Indira Krishna Reddy heads the Hyderabad-based TAJ GVK, which is valued at Rs 2,050 crore, according to the report.
In a positive sign for the sector, the report said that the threshold to be eligible for the list has surged by 30 percent to Rs 1,200 crore.
India is also moving ahead to become the real estate capital of Asia, with 36 billion-dollar companies beating its neighbour China, whose real estate market is struggling because of demand slowdown and government clampdowns, the report showed.
Among the richest real estate entrepreneurs, DLF's Rajiv Singh led the list with a total wealth of Rs 1.24 lakh crore. Singh was followed by Macrotech's Mangal Prabhat Lodha & family and Gautam Adani & family.