India Surpasses China as Asia's Real Estate Hub: Report
India's real estate market is on the rise, with companies worth $36 billion in 2024, pushing China to the second spot in terms of growth rate.
Real EstateIndiaChinaHurun ReportGroheReal EstateJul 11, 2024
On the other hand, China's real estate market is facing significant headwinds due to government clampdowns and demand slowdown. India, on the other hand, is witnessing rising foreign investments of around $4 billion yearly, further catalyzing growth.
The report highlights a significant trend towards national brand building in the real estate sector, with 60 of the top 100 companies operating beyond their core state headquarters. Moreover, six companies on the list have an international presence, demonstrating the global ambitions of Indian real estate companies.
DLF emerged as the top real estate company in the list, with a valuation of INR 2,02,140 crore, followed by Macrotech Developers with a valuation of INR 1,36,730 crore and Indian Hotels Company at third spot with a INR 79,150 crore valuation. Among the top 10 companies, 60% are headquartered in Mumbai, while two are based in Bengaluru and one each in Gurugram and Ahmedabad.
The report also highlights the rise of entrepreneurs from tier 2 cities, who are forging some of the most impactful real estate enterprises in the nation. Five per cent of the entrants in 2024 GROHE-Hurun India Real Estate 100 hail from tier 2 cities. This highlights the fact that geographic boundaries no longer limit the rise of influential real estate players in India.
India's infrastructure development is also expected to foster the growth of micro cities and further value addition by India's real estate sector. The country is projected to add 200,000 km of national highways by 2037, creating new opportunities for real estate development.
Information
Hurun India is a research firm that releases annual reports on India's richest individuals, philanthropists, and companies.
GROHE is a leading global brand for complete bathroom solutions and kitchen fittings. Hurun India is a research firm that releases annual reports on India's richest individuals, philanthropists, and companies.
Frequently Asked Questions
What is the valuation of India's real estate companies in 2024?
The valuation of India's real estate companies in 2024 is $36 billion.
Why is China's real estate market facing headwinds?
China's real estate market is facing significant headwinds due to government clampdowns and demand slowdown.
What is the projected growth rate of residential sales in FY2024-25?
The projected growth rate of residential sales in FY2024-25 is 10-12%.
How many companies on the list have an international presence?
Six companies on the list have an international presence.
What is the projected addition to India's national highways by 2037?
India is projected to add 200,000 km of national highways by 2037.
Related News Articles
IPO Frenzy: 14 Listings to Raise Over ₹9,000 Crore This Week - Where to Invest?
Get the latest stock market news and updates on the biggest IPOs of the year. Find out which companies are going public and how to invest in them.
1:8 Bonus Shares Announcement: Should You Invest in This Penny Stock Under Rs 30?
A company known for its robust real estate and property services, as well as commodity trading, has announced a 1:8 bonus share issue. With the record date set for November 1, investors are curious about the potential of this penny stock, currently tradin
Ajmera Realty Reports 1% Increase in Q2 FY25 Sale Bookings Despite Market Challenges
Ajmera Realty, a prominent name in the Indian real estate market, has reported a 1% rise in sale bookings for the second quarter of the fiscal year 2025. This positive trend highlights the company’s resilience and strategic approach in navigating the dyna
Private Equity Investment in Indian Real Estate Surges 32% to $4.15 Billion in 2024
Real estate consultant Knight Frank India has released a report highlighting a significant increase in private equity investment in the Indian real estate sector, reaching $4.15 billion in 2024, a 32% rise from the previous year.
Global Markets Update: S&P 500 Records Two Straight Weekly Gains Despite Nvidia and Tesla Slides
The global financial markets continue to show resilience, with the S&P 500 marking its second consecutive week of gains. However, the performance of tech giants Nvidia and Tesla has been a mixed bag, with both companies experiencing downturns during the w
Zerodha's Nithin Kamath Proposes Tying Real Estate Prices to AQI Levels
Zerodha's co-founder, Nithin Kamath, suggests a novel idea of linking real estate prices to Air Quality Index (AQI) levels. This innovative approach aims to reflect the environmental impact on property values and enhance transparency for buyers.