Mumbai Dominates India's Real Estate Sector with 6 of Top 10 Firms
Mumbai continues to reign as India's real estate capital, with six of the top 10 most valuable real estate companies based in the city.
Real EstateMumbaiIndiaGrohe Hurun India Real Estate 100Property DevelopmentReal EstateJul 12, 2024
The report highlights the dominance of Mumbai-based companies, with 60% of the top 10 companies headquartered in the city. Gurugram-based DLF emerged as the top real estate company with a valuation of Rs 2,02,140 crore, followed by Macrotech Developers (Lodha Group) with a valuation of Rs 1,36,730 crore. Indian Hotels Company (Taj Group), also headquartered in Mumbai, ranks third with a valuation of Rs 79,150 crore.
Godrej Properties, a subsidiary of Godrej Group, ranks fourth with a valuation of Rs 77,280 crore, while Mumbai-based Oberoi Realty secured the fifth spot with a valuation of Rs 66,200 crore. Prestige Group from Bengaluru was ranked sixth with a valuation of Rs 63,980 crore.
The report also highlights the significant growth of the sector, with 86% of the companies in this year's list seeing their values increase, collectively adding Rs 6.2 lakh crore. This showcases the robust growth and dynamic recovery of the sector.
Among the wealthiest Indian property developers, Rajiv Singh from DLF is the richest with a wealth of Rs 1,24,420 crore. Mangal Prabhat Lodha from Macrotech Developers is ranked second on the list with Rs 91,700 crore. Gautam Adani and family from Adani Realty are at the third spot with Rs 56,500 crore.
Mumbai's dominance is also evident in the real estate rich list, with four of the top 10 individuals hailing from the city. Vikas Oberoi, C L Raheja and family, and Atul Ruia (all from Mumbai) are ranked fourth, fifth, and sixth on the rich list.
In terms of residential property development, DLF holds the record for the largest square feet developed, with 340 million square feet. Prestige Estates Projects and Godrej Properties take the second and third positions, having developed 176 million and 151 million sq ft, respectively.
Frequently Asked Questions
What is the ranking of Mumbai-based real estate companies in the GROHE-Hurun India Real Estate 100 report?
Six of the top 10 most valuable real estate companies are based in Mumbai.
Which company has emerged as the top real estate company in the report?
Gurugram-based DLF emerged as the top real estate company with a valuation of Rs 2,02,140 crore.
What is the cumulative valuation of Mumbai-based real estate companies?
The cumulative valuation of 33 Mumbai-based real estate companies stands at over Rs 6.4 lakh crore.
Which individual is the richest among Indian property developers?
Rajiv Singh from DLF is the richest with a wealth of Rs 1,24,420 crore.
Which city has the highest number of real estate companies among the top 10?
Mumbai has the highest number of real estate companies among the top 10, with 60% of the companies headquartered in the city.
Related News Articles
Aurangabad Witnesses Surge in Dussehra Sales: Jewelry, Electronics, Real Estate, and Vehicles
Aurangabad saw a significant boost in sales across various sectors such as jewelry, electronics, real estate, and vehicles on Dussehra. Maharashtra's positive economic outlook and favorable rainfall have contributed to this growth.
Suraj Estate Developers Receives Strategic Investment from SI Investments
Suraj Estate Developers, a leading real estate company in South Central Mumbai, has received a strategic investment from SI Investments, acquiring over 1% stake in the company.
5 Key Companies to Watch for their Q2 Earnings Next Week
Next week is a crucial period for investors as several major companies are set to announce their Q2 earnings. From real estate giants to tech leaders, here’s a list of the top 5 companies you should keep an eye on.
Kolkata's Real Estate Market Sees Unprecedented Growth with Highest Home Sales in Two Years
Kolkata's real estate market has bounced back, recording the highest property registrations in about two years, despite the absence of incentives.
Adani Group to Merge Sanghi Industries and Penna Cement with Ambuja Cements
The Adani Group is set to merge Sanghi Industries and Penna Cement with Ambuja Cements, a major move in the Indian cement industry. This strategic integration aims to strengthen the group's position and enhance operational efficiency.
Colliers: Green-Certified Buildings to Dominate Office Leasing Landscape
Colliers International predicts that about 80-85% of office leasing will occur in green-certified buildings, driven by energy savings, rental premiums, and emission reductions.