India's Real Estate Boom: Mumbai, Delhi NCR, and Bengaluru Lead the Way
Discover the top wealth-creating cities in India according to the Grohe-Hurun India report, and how the real estate sector is booming in the country.
Real EstateIndiaGrohe Hurun India ReportMumbaiDelhi NcrBengaluruHurun IndiaGroheReal EstateJul 12, 2024
According to Anas Rahman Junaid, Founder and Chief Researcher at Hurun India, the overall value of real estate companies on the list has grown by nearly 70%, and the threshold to enter the top 100 has increased by 30%. The combined value of the top real estate companies in India is now around ₹14.2 lakh crore.
In an interview with CNBC-TV18, Junaid attributed India's growth in the real estate sector to China's excess supply, high debt levels among property developers, and strict government regulations. He added that even if you look at it from a rich list standpoint, the number to enter the top 10 has grown from about ₹5,000 crore to almost ₹14,000-15,000 crore over the last 6-7 years.
The report also highlights that 86% of companies in the list saw their value increase, adding ₹6.2 lakh crore. Additionally, 18 of the top 100 companies are led by professional CEOs who are not from the founding family.
The top 10 most valuable real estate companies in India include DLF, Macrotech Developers, Indian Hotels, Adani Realty, Godrej Properties, Oberoi Realty, Prestige Estates, Phoenix Mills, Raheja Group, and Embassy Office Parks.
Information Hurun India is a research firm that provides insights into the wealth and rich list segment in India. Grohe is a leading global brand for complete bathroom solutions and kitchen fittings. The Grohe-Hurun India report aims to provide a comprehensive overview of the Indian real estate sector.
Hurun India is a research firm that provides insights into the wealth and rich list segment in India. Grohe is a leading global brand for complete bathroom solutions and kitchen fittings.
Frequently Asked Questions
What is the Grohe-Hurun India report?
The Grohe-Hurun India report is a list of the most valuable non-state-run Indian real estate companies.
Which cities are the top wealth-creating cities in India according to the report?
Mumbai, Delhi National Capital Region (NCR), and Bengaluru are the top wealth-creating cities in India according to the report.
What is the combined value of the top real estate companies in India?
The combined value of the top real estate companies in India is around ₹14.2 lakh crore.
What is the threshold to qualify for the 2024 Grohe-Hurun India Real Estate 100?
The threshold to qualify for the 2024 Grohe-Hurun India Real Estate 100 was ₹1,200 crore.
How many companies in the list saw their value increase?
86% of companies in the list saw their value increase, adding ₹6.2 lakh crore.
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