DLF Leads Indian Real Estate Rankings with Rs 2 Trillion Valuation: GROHE-HURUN Report
DLF, one of India's leading real estate companies, has secured the top spot with a valuation of Rs 2.07 trillion, as per the GROHE-HURUN India Real Estate 150 report for 2025. This prestigious ranking underscores DLF's strong market position and financial health in the highly competitive Indian real estate sector.
Gautam Adani’s Adani Realty has also made significant strides, emerging as the most valued unlisted Indian real estate firm with a valuation of Rs 52,400 crore. The company has set ambitious goals to become India’s top property developer by value within the next five years, driven by strategic investments and a robust business model.
Despite a slowdown in growth, the real estate sector has shown resilience. The overall value growth of companies slowed from 70 per cent in 2024 to 14 per cent in 2025. This deceleration was influenced by global conflicts and rising input costs, which created turbulence earlier in the year. However, the sector witnessed a sharp recovery post-April, adding Rs 1.4 trillion in value.
Several macroeconomic factors contributed to this rebound, including repo rate cuts, tariff easing, and a decline in cement prices. These favorable conditions have helped stabilize the market and boost investor confidence.
The top 10 companies in the 2025 GROHE-HURUN India Real Estate 150 are now collectively worth over Rs 8.5 trillion. DLF leads the pack with a valuation of Rs 2.1 trillion, followed by Lodha with Rs 1.4 trillion and Indian Hotels with Rs 1.1 trillion. Aparna Constructions and M3M India have made their debut in the top 10, signaling the rise of regional champions.
Anas Rahman Junaid, founder and chief researcher of Hurun India, commented, “This consolidation at the top—alongside a broadening base—suggests that India’s real estate engine is not just expanding, but also scaling with institutional strength.”
Mumbai has retained its position as India’s real estate capital, with 42 companies based in the city collectively valued at Rs 6.9 trillion. Mumbai-based Oberoi Realty emerged as the top debt reducer of 2025, cutting its debt by Rs 1,449 crore to bring the total down to Rs 2,495 crore. Lodha Developers followed closely with a debt reduction of Rs 1,363 crore, lowering its total to Rs 7,698 crore.
In the realm of real estate entrepreneurship, Rajiv Singh of DLF topped the list of India’s wealthiest real estate entrepreneurs, retaining his position as his wealth rose by 3 per cent to Rs 1.27 trillion. Mangal Prabhat Lodha and family of Lodha Developers came in second, with their wealth increasing by 1 per cent to Rs 92,340 crore. Gautam Adani of Adani Realty ranked third, despite a 7 per cent decline in his real estate wealth, which stood at Rs 52,320 crore in the first half of 2025.
The GROHE-HURUN India Real Estate 150 report provides a comprehensive overview of the Indian real estate sector, highlighting the key players and trends shaping the industry. As the sector continues to evolve, it is clear that companies like DLF and Adani Realty are well-positioned to lead the way in India’s growing real estate market.
