Mumbai Dominates India's Real Estate Sector with 42 Top-Valued Companies
Mumbai has solidified its position as India's real estate hub, hosting 42 of the country's 150 most valuable real estate companies, according to the 2025 Grohe-Hurun India Real Estate Report.
Real EstateMumbaiValuationLeadershipDiversityReal Estate NewsJul 31, 2025
Trailing Mumbai are Bengaluru (23 companies), New Delhi (16), and Hyderabad and Pune, with 13 companies each. These five cities together account for 71% of India’s most valuable real estate companies.
According to the report, Mumbai’s 42 real estate companies boast a staggering combined valuation of ₹6.96 lakh crore. Bengaluru follows with firms valued at ₹1.97 lakh crore, while New Delhi’s 16 firms are worth ₹89,700 crore in total.
Hyderabad’s 13 companies command a valuation of ₹93,700 crore, and Pune’s total stands at ₹44,800 crore. Other cities in the top 10 include Gurugram, Chennai, Ahmedabad, Noida, and Kolkata.
Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, highlighted the growing geographical footprint of these companies. “Mumbai reaffirms its position with ₹6.9 lakh crore in value, while cities like Bengaluru, Hyderabad, and Pune saw record additions. Nearly 60% of companies operate beyond their home state, and 17 have a global presence, a sign of Indian real estate brands scaling both nationally and internationally,” Junaid said.
The total value of India’s top 150 real estate firms stands at ₹16 lakh crore ($188 billion).
The report also points to a transition towards professional management, with 33 companies led by CEOs outside of founding families. Four of the firms are led by women, indicating a gradual, though limited, move toward inclusivity. Junaid added that leadership is becoming more diverse in age and background, “While the average age of company heads is 67, the youngest leader is just 31, showing how India’s real estate leadership is both seasoned and evolving.”
The report also names India’s wealthiest real estate entrepreneurs. Rajiv Singh of DLF tops the list, followed by Mangal Prabhat Lodha and family (Lodha Developers), and Gautam Adani (Adani Realty) in third place.
Frequently Asked Questions
Which city has the highest number of valuable real estate companies in India?
Mumbai has the highest number of valuable real estate companies in India, with 42 out of the 150 most valuable firms.
What is the combined valuation of Mumbai's real estate companies?
The combined valuation of Mumbai’s 42 real estate companies is ₹6.96 lakh crore.
Which cities are in the top 10 for real estate company valuations?
The top 10 cities for real estate company valuations are Mumbai, Bengaluru, New Delhi, Hyderabad, Pune, Gurugram, Chennai, Ahmedabad, Noida, and Kolkata.
What percentage of real estate companies operate beyond their home state?
Nearly 60% of real estate companies operate beyond their home state.
Who is the wealthiest real estate entrepreneur in India according to the report?
Rajiv Singh of DLF is the wealthiest real estate entrepreneur in India according to the report.
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