Mumbai: The Epicenter of Indian Real Estate Industry
Mumbai hosts 6 of the top 10 most valuable real estate companies in India, solidifying its position as the country's real estate capital.
Real EstateMumbaiIndiaProperty DevelopersGrohe Hurun India Real Estate 100Real EstateJul 12, 2024
The report highlights Gurugram-based DLF as the top real estate company with a valuation of Rs 2,02,140 crore, followed by Mumbai's Macrotech Developers (Lodha Group) with a valuation of Rs 1,36,730 crore. Indian Hotels Company (Taj Group), headquartered in Mumbai, ranks third with a valuation of Rs 79,150 crore.
The presence of 60% of the top ten companies in Mumbai underscores the city's dominance in the Indian real estate industry. Bengaluru and Gurugram have two and one companies, respectively, in the top ten list.
Godrej Properties, a subsidiary of Godrej Group, ranks fourth in the 2024 report with a valuation of Rs 77,280 crore. Mumbai-based Oberoi Realty secured the fifth spot with a valuation of Rs 66,200 crore, while Prestige Group from Bengaluru was ranked sixth with a valuation of Rs 63,980 crore.
The report also notes that an impressive 86% of the companies in this year's list saw their values increase, collectively adding Rs 6.2 lakh crore, showcasing the robust growth and dynamic recovery of the sector.
In terms of individual wealth, Rajiv Singh from DLF is the richest with a wealth of Rs 1,24,420 crore, followed by Mangal Prabhat Lodha from Macrotech Developers with Rs 91,700 crore. Gautam Adani and family from Adani Realty are at the third spot with Rs 56,500 crore.
DLF holds the record for the largest square feet developed in the 2024 GROHE-Hurun India Real Estate 100, having developed 340 million square feet. Prestige Estates Projects and Godrej Properties take the second and third positions in residential property development, having developed 176 million and 151 million sq ft, respectively.
Information
GROHE is a leading global brand for complete bathroom solutions and kitchen fittings. Hurun India is a research firm that publishes annual lists of India's richest individuals and companies.
Godrej Group is a Indian multinational conglomerate that operates in various sectors including real estate, consumer goods, and industrial engineering. Macrotech Developers, also known as Lodha Group, is a Mumbai-based real estate company. Adani Group is a Indian multinational conglomerate that operates in various sectors including real estate, energy, and transportation.
Frequently Asked Questions
Which city is the hub of the Indian real estate industry?
Mumbai
How many Mumbai-based companies are in the top 10 list?
6
What is the cumulative valuation of 33 Mumbai-based real estate companies?
Over Rs 6.4 lakh crore
Which company ranks first in the GROHE-Hurun India Real Estate 100 report?
DLF
What percentage of companies in this year's list saw their values increase?
86%
Related News Articles
Vivek Oberoi's Diverse Ventures: From Luxury Cars to Real Estate
Vivek Oberoi’s Diverse Ventures: From Luxury Cars to Real Estate. The multifaceted actor and businessman has made significant investments in luxury vehicles and high-end properties, showcasing his entrepreneurial spirit.
Mumbai: BMC Takes Action Against 500 Defaulters, Including Top Real Estate Developers
The BMC's Assessment and Collection Department has compiled a list of 500 defaulters, which includes names of prominent real estate developers, in a bid to recover unpaid taxes and fines.
Why High-Net-Worth Individuals Are Selling Properties in Mumbai's Real Estate Market
Several high-net-worth individuals (HNIs), including Bollywood celebrities, have recently sold their properties in Mumbai. Experts suggest that the reasons could range from healthy returns on real estate to offsetting losses in the stock market.
Tragic Electrocution Occurs While Setting Up Traps in Mulugu
A man was tragically electrocuted while setting up traps to hunt wildlife in the Mulugu district of Telangana. The incident highlights the dangers of tampering with electrical systems and the need for safety measures.
Bengaluru Tech Professional Arrested for Wife's Murder and Body Dismemberment Near Pune
A tech professional from Bengaluru has been arrested near Pune after allegedly murdering his wife, dismembering her body, and attempting suicide. The incident has sent shockwaves through the community, raising questions about mental health and domestic violence.
India's Top Cities Witness 34% Drop in Housing Supply in Q1 2025
In the first quarter of 2025, a significant 34% drop in housing supply was observed in India's major cities. Real estate experts attribute this to developers adopting a cautious approach amid economic uncertainties and changing market dynamics.