India Emerges as a Dominant Force in Asian Real Estate
India's real estate market is accelerating to become the capital of Asia, with a total valuation of Rs 14.2 trillion, according to a recent report.
Indian Real EstateAsian Real EstateReal Estate GrowthDlfPuravankaraTata RealtyUnitechReal Estate NewsJul 11, 2024
According to the 2024 GROHE-Hurun India Real Estate 100 list, Gurugram-based DLF is the most valued real estate company in India, with a valuation of Rs 2,02,140 crore. The company witnessed a remarkable 72% growth in the 12 months preceding May 31.
The report also highlighted the impressive performance of other real estate companies, with Unitech topping the list in terms of value gain percentage, with a gain of 622% to Rs 2,590 crore. Tata Realty followed closely, with a 554% gain to Rs 8,670 crore, while Puravankara witnessed a 382% growth to Rs 9,520 crore.
The growth of these real estate companies is comparable to the strong performance of the BSE Realty Index, which grew by 110% during the same period. This surge in growth is indicative of India's rapidly accelerating real estate market, which is swiftly becoming the capital of Asia.
The report's findings are a testament to the Indian government's efforts to boost the real estate sector, which has led to increased investor confidence and a subsequent surge in growth. As the market continues to flourish, India is poised to become a dominant force in Asian real estate.
Information
GROHE is a leading global brand for complete bathroom solutions and kitchen fittings. The company is committed to providing innovative and sustainable solutions that enhance the quality of life.
Hurun Report is a leading research institution, which releases annual rankings of the richest individuals and companies in India and globally.
DLF is a leading Indian real estate company, which has been at the forefront of the country's real estate development for over six decades.
UNI is a leading news agency that provides comprehensive news coverage to its subscribers.
Puravankara is a well-established real estate company in India, known for its premium residential and commercial projects.
Tata Realty is a leading real estate development company in India, known for its flagship projects in the residential and commercial sectors.
Unitech is a renowned Indian real estate company, which has been a major player in the country's real estate market for over four decades.
Frequently Asked Questions
What is the total valuation of the top 100 realty companies in India?
Rs 14.2 trillion
Which company is the most valued real estate company in India?
DLF, with a valuation of Rs 2,02,140 crore
What was the growth percentage of the BSE Realty Index during the period under consideration?
110%
Which company witnessed the highest growth in terms of value gain percentage?
Unitech, with a gain of 622%
What is the valuation of Puravankara after witnessing a 382% growth?
Rs 9,520 crore
Related News Articles
Mission Maharashtra: Ajit Pawar Launches Jan Samman Yatra to Prepare for Assembly Elections
NCP leader and Deputy Chief Minister Ajit Pawar launches Jan Samman Yatra to connect with people ahead of Maharashtra assembly elections.
Revoking Share Buyback Tax: A Necessity for Indian Economy
Experts suggest that the government should reconsider the share buyback tax to boost economic growth and encourage investments
Delhi-NCR Ranks 5th in Asia Pacific's Most Expensive Office Markets
Delhi-NCR has emerged as the 5th most expensive office market in the Asia Pacific region, with a prime office rent of INR 340/sqft/month.
Tragic Death of Young CA: EY Pune Under Fire for Toxic Work Culture
A young Chartered Accountant's death has raised concerns about the work culture at EY Pune, with her mother alleging that the company's excessive workload led to her daughter's demise.
Why Are Bollywood Stars Investing Heavily in Mumbai's Property Market?
Bollywood actors have a long history of investing in Mumbai's bustling real estate market. Recently, prominent figures like Amitabh Bachchan and Abhishek Bachchan have been on a property buying spree, raising questions about the reasons behind this trend.
Hiranandani Group Ventures into Pune with Joint Development for New Township Project
The Hiranandani Group, one of India's leading real estate developers, is set to make a significant impact in Pune with a new township project. The joint development is expected to leverage the growing infrastructure linking Mumbai and Pune, further boosti