India's Real Estate Boom: Surpassing China with 36 Billion-Dollar Companies
India's real estate sector has witnessed significant growth, with 36 companies valued at over $1 billion each, surpassing China's numbers.
Real EstateIndiaChinaBillion Dollar CompaniesHurun Research InstituteReal Estate MaharashtraJul 12, 2024
Leading the pack is DLF, India's most valuable real estate company, with a staggering valuation of ₹2 lakh crore. Macrotech Developers follows closely, holding the second spot with a valuation of ₹1.4 lakh crore. The Indian Hotels Company, popularly known as the Taj Group, ranks third with a valuation of ₹79,150 crore.
Godrej Properties has secured the fourth position with a valuation of ₹77,280 crore, doubling its worth with a remarkable 100% increase since last year. Oberoi Realty takes the fifth spot with a valuation of ₹66,200 crore. Prestige Estates Projects showcases an incredible 230% growth over the past year, with a valuation of ₹63,980 crore.
Adani Realty has made a notable entry into the top 10, growing 62% year-on-year with a valuation of ₹56,500 crore, and is the most valuable unlisted real estate company on the list. The Phoenix Mills ranks eighth with a valuation of ₹55,740 crore, experiencing an impressive 112% growth over the past year.
Chandu Raheja's K Raheja Group holds the ninth position, valued at ₹55,300 crore. Finally, Embassy Office Parks rounds out the top 10 with a valuation of ₹33,150 crore, reflecting a 14% growth over the past year.
This significant growth is a testament to the Indian real estate sector's resilience and potential for further expansion. With a growing economy and increasing demand for housing and commercial spaces, India is likely to continue its upward trajectory in the global real estate market.
Information
Hurun Research Institute is a leading research firm that releases annual rankings of the world's top billionaires and companies. The GROHE-Hurun India Real Estate 100 is a prestigious list that ranks India's top real estate companies based on their valuation.
Godrej Properties is a leading Indian real estate company known for its sustainable and innovative developments. K Raheja Group is a prominent Indian business conglomerate with interests in real estate, hospitality, and more. Embassy Office Parks is a leading Indian real estate investment trust (REIT) that specializes in commercial properties.
Frequently Asked Questions
How many billion-dollar real estate companies does India have?
According to the latest data from the Hurun Research Institute, India has 36 realty companies valued at more than $1 billion each.
Which is the most valuable real estate company in India?
DLF is India's most valuable real estate company, with a staggering valuation of ₹2 lakh crore.
What is the growth rate of Godrej Properties?
Godrej Properties has doubled its worth with a remarkable 100% increase since last year.
Which company has made a notable entry into the top 10?
Adani Realty has made a notable entry into the top 10, growing 62% year-on-year with a valuation of ₹56,500 crore.
What is the ranking of Embassy Office Parks?
Embassy Office Parks ranks 10th with a valuation of ₹33,150 crore, reflecting a 14% growth over the past year.
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