Cables to Cement: 11 Key Companies Driving India's Real Estate Boom
In India, the real estate sector is the second-largest employer, following agriculture. It is a significant growth engine, projected to reach $1 trillion by 2030. This article highlights 11 companies across various sectors that are deeply linked to this growth.
Real EstateConstructionCementInfrastructureElectricalsReal EstateJul 14, 2025
The Union Budget 2025–26 has added fuel to this growth: homeowners now enjoy zero tax on two self-occupied properties (earlier limited to one), and the TDS threshold on rent has been raised from Rs. 2.4 lakh to Rs. 6 lakh — steps that are likely to boost property demand across segments.
Looking ahead, India’s real estate market is projected to grow from $200 billion in 2021 to $1 trillion by 2030, contributing nearly 13 percent to GDP by 2025. Some long-term estimates even suggest the market could reach $5–7 trillion by 2047, with the potential to cross $10 trillion, making it one of the largest real estate ecosystems globally.
While real estate developers often grab headlines, it’s the ancillary companies — the ones that provide the pipes, wires, cement, tiles, and fittings — that are increasingly gaining investor attention. Why? Because they’re less capital-intensive, often have stronger balance sheets, and benefit every time a new home is built or renovated. These businesses serve as the backbone of the sector, supplying everything from cables and plumbing systems to blocks, cement, paints, and tiles.
Here are some stocks from key sectors that are considered strong plays in the real estate ancillary space:
### Sector I – Cables & Electricals
#### Havells India Limited
With a market cap of Rs. 95,737 crores, the stock was trading flat at Rs. 1,526.4 on Monday. Havells India Limited is a consumer electrical/electronics and power distribution equipment manufacturer with products ranging from industrial and domestic circuit protection switchgears, cables, motors, pumps, solar products, power capacitors, commercial and industrial applications, modular switches, domestic appliances, and more, covering the entire range of household, commercial, and industrial electrical needs.
The company’s manufacturing facilities are located in Rajasthan, Uttarakhand, Uttar Pradesh, Himachal Pradesh, Haryana, Andhra Pradesh, and Karnataka, while the research and development facilities are located at Noida (Uttar Pradesh), Bangalore, and Ghiloth (Rajasthan).
#### Polycab Limited
With a market cap of Rs. 1.02 lakh crores, the stock was trading in the green at Rs. 6,804.4 on BSE, up by around 1.4 percent on Monday. Polycab India Limited is India’s largest integrated manufacturer of wires and cables and a prominent player in the Fast-Moving Electrical Goods (FMEG) industry. It serves industries including infrastructure, real estate, chemicals, data centres, defence, energy, manufacturing, metals, oil and gas, technology, telecom, and transport.
#### KEI Industries Limited
With a market cap of Rs. 35,604 crores, the stock was trading in the green at Rs. 3,726.15 on BSE, up by around 3.2 percent on Monday. KEI Industries Limited has three major segments: Cables & Wires, EPC Projects, and Stainless Steel Wire. It is engaged in the manufacturing, sale, and marketing of all range of power cables to address the cabling requirements of a wide range of sectors such as power, oil refineries, railways, automobiles, cement, steel, fertilisers, textiles, and real estate, amongst others.
KEI is also engaged in the execution of Engineering, Procurement, and Construction projects (EPC) for survey, supply of materials, design, erection, testing & commissioning on a turnkey basis.
### Sector II – Cement
#### UltraTech Cement Limited
With a market cap of Rs. 3.7 lakh crores, the stock was trading in the green at Rs. 12,567 on BSE, up by around 1 percent on Monday. UltraTech Cement Limited, one of the largest white cement manufacturers in India, is engaged in the manufacture and sale of cement and cement-related products. It is the cement flagship company of the Aditya Birla Group, and the largest cement manufacturer in the world by capacity (excluding China).
For FY26, the company has outlined a capex plan of nearly Rs. 10,000 crore. Of this, around Rs. 7,000 crore is earmarked for ongoing expansion and strategic investments. The company expects its domestic cement capacity to increase from 184 MT to nearly 212 MT, including India Cements and Kesoram.
#### Ambuja Cement Limited
With a market cap of Rs. 1.45 lakh crores, the stock was trading in the green at Rs. 590 on BSE, up by around 1 percent on Monday. Ambuja Cements Limited, a part of the Adani Group, is primarily engaged in the manufacturing and marketing of cement and cement-related products. It offers a wide range of cement portfolio and related products within the building material ecosystem.
For FY26, the company has provided a capex guidance of around Rs. 9,000 crore, which includes about Rs. 6,000 crore dedicated to growth initiatives and another Rs. 2,500–3,000 crore aimed at improving operational efficiency.
### Sector III – Construction & Infrastructure
#### Godrej Properties Limited
With a market cap of Rs. 66,598 crores, the stock was trading in the green at Rs. 2,211.05 on BSE, up by around 0.3 percent on Monday. Godrej Properties Limited is engaged primarily in real estate development, offering a wide range of residential and commercial projects across major cities in India. The company has a robust pipeline of projects and a strong brand presence in the market.
Frequently Asked Questions
What is the projected growth of India's real estate market by 2030?
India’s real estate market is projected to grow from $200 billion in 2021 to $1 trillion by 2030, contributing nearly 13 percent to GDP by 2025.
Which company is the largest integrated manufacturer of wires and cables in India?
Polycab India Limited is India’s largest integrated manufacturer of wires and cables and a prominent player in the Fast-Moving Electrical Goods (FMEG) industry.
What is the market cap of UltraTech Cement Limited?
The market cap of UltraTech Cement Limited is Rs. 3.7 lakh crores.
Which company is part of the Adani Group and primarily engaged in the manufacturing and marketing of cement and cement-related products?
Ambuja Cements Limited, a part of the Adani Group, is primarily engaged in the manufacturing and marketing of cement and cement-related products.
What is the market cap of Godrej Properties Limited?
The market cap of Godrej Properties Limited is Rs. 66,598 crores.
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