India's Realty Boom: Mumbai, Delhi NCR, and Bengaluru Lead the Way
India is accelerating to become the real estate capital of Asia, with Mumbai, Delhi NCR, and Bengaluru emerging as the top wealth-creating cities.
Real EstateIndiaHurun IndiaGroheWealth CreationReal Estate MumbaiJul 12, 2024
Anas Rahman Junaid, Founder and Chief Researcher at Hurun India, said that Mumbai, Delhi National Capital Region (NCR), and Bengaluru are the top three wealth-creating cities in India. The report highlights that India is set to surpass China in terms of growth in the real estate sector.
The Grohe-Hurun India report is a list of the most valuable non-state-run Indian real estate companies. In an interview, Junaid said that the top 10 wealthiest realtors have seen their value grow from ₹5,000 crore to almost ₹14,000-15,000 crore over the last 6-7 years.
DLF is the most valuable real estate company, valued at ₹2 lakh crore. Macrotech Developers (₹1.4 lakh crore) and Indian Hotels (₹79,150 crore) are in the second and third spots. Adani Realty entered the top 10 with 62% growth, valued at ₹56,500 crore.
The rest of the top 10 include Godrej Properties, Oberoi Realty, Prestige Estates, Phoenix Mills, Raheja Group, and Embassy Office Parks. 86% of companies in the list saw their value increase, adding ₹6.2 lakh crore. 18 of the top 100 companies are led by professional CEOs who are not from the founding family.
Information
Hurun India is a research firm that provides insights into the Indian wealth landscape. Grohe is a leading global brand for complete bathroom solutions and kitchen fittings.
Hurun India is a research firm that provides insights into the Indian wealth landscape. The firm is known for its research reports on the Indian rich list and wealth creators.
Frequently Asked Questions
What is the combined value of the top real estate companies in India?
₹14.2 lakh crore
Which cities are the top wealth-creating cities in India?
Mumbai, Delhi NCR, and Bengaluru
What is the growth rate of the overall value of real estate companies in India?
Nearly 70%
Which company is the most valuable real estate company in India?
DLF, valued at ₹2 lakh crore
What is the threshold to qualify for the 2024 Grohe-Hurun India Real Estate 100?
₹1,200 crore
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