IHCL Ranks Third in Grohe-Hurun India Real Estate Report 2024
Indian Hotels Company Limited (IHCL) has become the third largest real estate company in terms of market valuation in India, with a valuation of INR 79,150 crore.
Hospitality NewsIhclGrohe HurunTata GroupReal EstateIndiaReal EstateJul 11, 2024
DLF with diverse real estate portfolio spanning residential, commercial and retail properties, secures the top spot on the 2024 GROHE-Hurun India Real Estate 100 post a growth by 72 percent in its valuation. DLF has ambitious plans, with projects worth approximately INR 30,000 crore set to launch in the fiscal year 2025. At a current valuation of INR 1.4 lakh crore, Macrotech Developers has seen its valuation grow by 160 percent compared to last year, securing the second position in the 2024 GROHE-Hurun India Real Estate 100.
The other players who figure in the top 10 ranking of the 2024 Grohe - Hurun India Real Estate 100 list are Godrej Properties, Oberoi Realty; Prestige Estate Projects; Adani Realty; The Phoenix Mills; K Raheja Group; Embassy Office Park, in that order. Claimed to be a golden year for the Indian real estate sector, as per the report, 86 percent of the companies which figured in the top 100 list this year have experienced a value increase which cumulatively added INR 6.2 lakh crore in additional valuation.
India’s most valuable real estate companies figured in the 2024 list have a combined value of USD 171 billion (INR 14.2 lakh crore) which the report claims is more than the combined GDP of countries like Oman and Sri Lanka. Out of the 100 real estate companies figured in the 2024 most valuable real estate list, 72 percent are from the big cities of the country with 33 of them from Mumbai, followed by 15 from Bengaluru, 14 from Delhi, and 10 from Gurugram. Talking about the report, Priya Rustogi, Leader, India & Subcon, LWT IMEA said, \
Frequently Asked Questions
What is the valuation of Indian Hotels Company Limited (IHCL)?
INR 79,150 crore
What is the ranking of IHCL in the Grohe-Hurun India Real Estate 100 report 2024?
Third
What is the valuation of DLF in the Grohe-Hurun India Real Estate 100 report 2024?
INR 2 lakh crore
What is the percentage growth of Macrotech Developers' valuation compared to last year?
160 percent
What is the combined value of India’s most valuable real estate companies figured in the 2024 list?
USD 171 billion (INR 14.2 lakh crore)
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