DLF, Lodha, and Indian Hotels Company Top the Hurun India Real Estate List
DLF Ltd has retained the title of the country’s most valuable real estate company with a value of ₹2 lakh crore, according to the Grohe-Hurun India Top 150 Real Estate Companies of 2025. Lodha Developers and Indian Hotels Company (also known as The Taj Group of Hotels) secured the second and third spots on the list, with valuations of ₹1.4 lakh crore and ₹1.1 lakh crore, respectively.
Released on Thursday, the cumulative value of the 150 companies on the list grew by just 14%, compared to 70% last year, marking the lowest growth in the history of the list. Despite this, the combined value of these companies stood at ₹16 lakh crore, an increase of ₹1.9 lakh crore from last year. This total is higher than the GDP of Kuwait and the combined GDP of Jordan and Bulgaria.
Despite early-year turbulence due to global conflicts and input cost pressures, the industry added ₹1.4 lakh crore in value, led by a sharp post-April recovery. DLF, Prestige Estates Projects Ltd, and Anant Raj posted over 20% rebounds in just two months, according to Anas Rahman Junaid, Founder and Chief Researcher of Hurun India.
Of the 63 new entrants this year, Ritesh Agarwal-led Oyo found its way into the list for the first time, and it even made it into the top 15. Meanwhile, Adani Realty reclaimed the top spot as the most valuable unlisted real estate company. Over 51% of these 150 companies saw their value increase, compared to 86% last year.
Mumbai topped the list with 42 companies, followed by Bengaluru with 23 and New Delhi with 16. The youngest company to debut on the list was Deepak Parekh-led Schloss Bangalore, valued at ₹13,600 crore. The company was founded just six years ago.
The list includes only four women-led companies. These include Pavitra Shankar of Brigade Enterprises Ltd (₹27,200 crore), Priya Paul of Apeejay Surrendra Park Hotels (₹3,600 crore), Jyotsna Suri of The Lalit (₹3,000 crore), and Meenakshi Ramji of Sowparnika (₹2,800 crore).
Despite the challenges, the real estate sector continues to show resilience and adaptability, with key players like DLF, Lodha, and Indian Hotels Company leading the way. The inclusion of new entrants and the strong performance of established companies highlight the sector's potential for growth and innovation.