DLF Leads Indian Real Estate Rankings with Rs 2.07 Trillion Valuation: Grohe-Hurun Report
DLF has been crowned the most valued real estate company in India, with a valuation of Rs 2.07 trillion, according to the GROHE-HURUN India Real Estate 150 report for 2025. This prestigious ranking underscores DLF's strong market position and financial health.
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 ambitious plans to become India’s top property developer by value within the next five years, reflecting its strategic vision and growth potential.
Despite a slowdown in overall value growth from 70 per cent in 2024 to 14 per cent in 2025, the real estate sector added Rs 1.4 trillion in value. This growth was driven by a sharp recovery after April, following early-year turbulence caused by global conflicts and rising input costs. Favourable macroeconomic conditions, including repo rate cuts, tariff easing, and cooling cement prices, supported this rebound.
The top 10 companies in the 2025 GROHE-HURUN India Real Estate 150 are now worth over Rs 8.5 trillion, led by DLF (Rs 2.1 trillion), Lodha (Rs 1.4 trillion), and Indian Hotels (Rs 1.1 trillion). Aparna Constructions and M3M India made their debut in the top 10, signaling the rise of regional champions. 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, according to Anas Rahman Junaid, founder and chief researcher of Hurun India.
Mumbai retained its crown as India’s real estate capital, hosting 42 companies with a combined value of 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 with a debt reduction of Rs 1,363 crore, lowering its total to Rs 7,698 crore. These achievements highlight the financial discipline and strategic management of these companies.
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. He was followed by Mangal Prabhat Lodha and family of Lodha Developers, whose wealth increased 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. This ranking reflects the dynamic nature of the real estate market and the ongoing competition among major players.
The GROHE-HURUN India Real Estate 150 report provides valuable insights into the state of the Indian real estate sector, highlighting key trends, challenges, and opportunities. As the sector continues to evolve, companies like DLF and Adani Realty are setting new benchmarks and driving growth, contributing to the overall economic development of the country.
