Mumbai Dominates India’s Top 150 Real Estate Companies: Report
A recent report reveals that Mumbai is home to 42 of the top 150 real estate companies in India, with a combined valuation of Rs 6,96,800 crores. The city continues to lead the real estate market, followed by Bengaluru, New Delhi, Hyderabad, and Pune.
Real EstateMumbaiValuationTop CompaniesHurun ReportReal EstateJul 31, 2025
According to the report, the 42 companies in Mumbai have a cumulative valuation of Rs 6,96,800 crores. Bengaluru ranks second with the total value of companies being Rs 1,97,400 crore. New Delhi holds the third spot with 16 companies valued at Rs 89,700 crore. While the combined value of 13 companies in Hyderabad is Rs 93,700 crores, those in Pune have a total valuation of Rs 44,800 crore.
Other cities in the Top 10 are Gurugram, Chennai, Ahmedabad, Noida, and Kolkata. Anas Rahman Junaid, founder and chief researcher at Hurun India, said, “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 according to 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 hail from the founding family, indicating a shift towards professional management. Four out of the 150 companies on the list are led by women.
“The report reveals a more inclusive, entrepreneurial ecosystem that is building brands beyond generational family firms. That the average age of company heads is 67, yet the youngest leader is 31, shows that India’s real estate leadership is both seasoned and evolving,” Junaid stated. It further revealed India’s wealthiest real estate entrepreneurs and Rajiv Singh of the DLF group tops the list. He is followed by Mangal Prabhat Lodha and family of Lodha Developers as Gautam Adani of Adani Realty ranks third.
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 42 real estate companies in Mumbai?
The combined valuation of the top 42 real estate companies in Mumbai is Rs 6,96,800 crores.
Which cities follow Mumbai in the list of top real estate companies?
Bengaluru, New Delhi, Hyderabad, and Pune follow Mumbai in the list of top real estate companies.
What is the total value of the top 150 real estate companies in India?
The total value of the top 150 real estate companies in India is Rs 16 lakh crores (USD 188 billion).
How many of the top 150 real estate companies are run by professional CEOs?
33 of the top 150 real estate companies are run by professional CEOs who do not hail from the founding family.
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