India's Real Estate Boom: A New Capital of Asia in the Making?
With a cumulative value of $36 billion, India's real estate companies are leading the charge, pushing China aside in terms of growth rate. According to the 2024 GROHE-Hurun India Real Estate 100 report, India's market benefits from a young population, inc
Real EstateIndiaAsiaHurun ReportGroheReal Estate MaharashtraJul 11, 2024
In contrast, China's market is struggling with excess supply, high debt levels among property developers, and strict government regulations, making India's real estate sector a more attractive and stable investment destination. According to Anas Rahman Junaid, Founder and Chief Researcher, Hurun India, 'With the middle class projected to reach 547 million by 2030, residential sales are expected to grow 10-12 per cent in FY 2024-25. Rising foreign investments of around US$ 4 billion yearly are further catalysing growth.'
The report highlights that India's most valuable real estate firms have a cumulative value of Rs 14.2 lakh crore, which is more than the combined GDP of Oman and Sri Lanka. Together, these companies employ around 500,000 people, equivalent to the population of Maldives. An impressive 86 per cent of the companies in this year's list saw their values increase, collectively adding Rs 6.2 lakh crore, showcasing the growth and recovery of the real estate sector.
DLF has emerged as the top real estate company with a valuation of more than Rs 2 lakh crore. Macrotech Developers held the second position with a valuation of Rs 1.4 lakh crore, and Indian Hotels Company ranked third with Rs 79,150 crore, according to the seventh edition of Grohe-Hurun India Real Estate 100 List.
The report also features some of the most valuable unlisted companies. Adani Realty is the most valuable unlisted company, followed by K Raheja Group and Hyderabad's Aparna Construction's Estates. Around 41 per cent of the listed companies hailed from the Western Region, while the Northern Region contributes 29 per cent of the total companies, and the Southern Region comprises 28 per cent.
Information
Hurun Report is a leading research firm that publishes rankings and lists of the wealthiest individuals and companies in India and China.
Grohe is a leading global brand for sanitary fittings and a partner of the Hurun India Real Estate 100 report.
Frequently Asked Questions
What is the current valuation of India's real estate companies?
$36 billion
What is driving India's real estate growth?
Young population, increasing urbanization, and a growing middle class
What is the impact of RERA on India's real estate market?
Enhanced transparency and accountability, boosting investor confidence
Which company has emerged as the top real estate company in India?
DLF
What is the projected growth rate of residential sales in FY 2024-25?
10-12 per cent
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