Mumbai Dominates India's Real Estate Market with 42 Top Companies: Report
A recent report reveals that Mumbai is home to 42 of the top 150 real estate companies in India, with a cumulative valuation of Rs 6,96,800 crores, solidifying its position as the country's real estate capital.
Real EstateMumbaiIndiaProperty MarketTop CompaniesReal Estate NewsJul 31, 2025
The report also highlighted that Bengaluru follows Mumbai with 23 companies, New Delhi with 16, and Hyderabad and Pune each with 13 companies. Together, these cities account for 71 per cent of the list. The cumulative value of the 42 companies in Mumbai is Rs 6,96,800 crores, while Bengaluru ranks second with a total value of Rs 1,97,400 crores. New Delhi holds the third spot with 16 companies valued at Rs 89,700 crore. The combined value of 13 companies in Hyderabad is Rs 93,700 crores, and those in Pune have a total valuation of Rs 44,800 crore.
Anas Rahman Junaid, founder and chief researcher at Hurun India, commented, “Mumbai reaffirms its position as India’s real estate capital with 42 companies valued at Rs 6.9 lakh crores, while cities like Bengaluru, Hyderabad, and Pune saw record additions. The report shows a clear nationalisation trend — 60 per cent of companies operate beyond their home state, and 17 now have a global footprint. This growing geographic spread reflects how India’s real estate champions are building brands that are national in scale and global in ambition.”
The combined value of India’s most valuable real estate companies, as per the list, stands at Rs 16 lakh crores (USD 188 billion). The report also revealed that 33 of the top 150 companies are run by professional CEOs who do not belong to the founding family, indicating a shift towards professional management. Four out of the 150 companies on the list are led by women.
Rajiv Singh of the DLF group tops the list of India’s wealthiest real estate entrepreneurs. He is followed by Mangal Prabhat Lodha and family of Lodha Developers, with Gautam Adani of Adani Realty ranking third. The report highlights a more inclusive, entrepreneurial ecosystem that is building brands beyond generational family firms. The average age of company heads is 67, yet the youngest leader is 31, showing that India’s real estate leadership is both seasoned and evolving.
Other cities in the Top 10 are Gurugram, Chennai, Ahmedabad, Noida, and Kolkata. This report underscores the robust growth and national expansion of India’s real estate sector, driven by both seasoned and emerging leaders.
Frequently Asked Questions
Which city has the highest number of top real estate companies in India?
Mumbai has the highest number of top real estate companies in India, with 42 companies listed in the top 150.
What is the combined valuation of the top real estate companies in Mumbai?
The combined valuation of the top real estate companies in Mumbai is Rs 6,96,800 crores.
Which cities follow Mumbai in the list of top real estate companies?
Bengaluru follows Mumbai with 23 companies, New Delhi with 16, and Hyderabad and Pune each with 13 companies.
Who is the wealthiest real estate entrepreneur in India according to the report?
Rajiv Singh of the DLF group is the wealthiest real estate entrepreneur in India according to the report.
What trend is observed in the management of these real estate companies?
The report indicates a trend towards professional management, with 33 of the top 150 companies run by professional CEOs who do not belong to the founding family.
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