India’s real estate sector is expected to expand to USD 5.8 trillion by 2047, contributing 15.5% to the GDP from an existing share of 7.3%. In FY23, India’s residential property market witnessed the value of home sales reaching an all-time high of USD 43 Billion, making it a robust 48% year-on-year (YoY) increase.
Bengaluru is the most favoured property destination for NRIs in this fascinating market, followed by Ahmedabad, Pune, Chennai, Goa, Delhi and Dehradun.
Lets know about the top 10 listed real estate companies that are accelerating India’s real estate industry.
DLF
DLF stands for Delhi Land and Finance. It is one of the largest commercial real estate developers in India. DLF has played a significant role in the modernisation and expansion of India’s infrastructure and real estate sector.
Founded In: 1946
Founded By: Raghvendra Singh
Headquarters: Gurugram, Haryana
Offerings: Offices, Apartments, Shopping Malls. Hotels, Golf courses, Infrastructure
Market Cap: INR 2,27,803 Cr. As of 2024
Revenue: INR 5,695 Cr. As of FY23
Macrotech Developers or Lodha Developers
Lodha Developers is one of the largest real estate developers in India, known for its luxury residential and commercial projects. Lodha Developers is renowned for its high-end properties, innovative designs, and world-class amenities.
Founded In: 1980
Founded By: Mangal Lodha
Headquarters: Mumbai, India
Offerings: Residential and Commercial Buildings
Market Cap: INR 1,13,111 Cr. As of 2024
Revenue: INR 9,470 Cr. As of FY23
Godrej Properties
Godrej Properties is a leading real estate developer in India, part of the Godrej Group conglomerate. Renowned for its focus on sustainability and quality, it has earned awards for design and customer satisfaction, becoming a prominent name in the sector.
Founded In: 1990
Founded By: Adi Godrej
Headquarters: Mumbai, India
Offerings: Residential Buildings, Commercial Buildings and Townships
Market Cap: INR 68,550 Cr. As of 2024
Revenue: INR 2,252 Cr. As of FY23
Oberoi Realty
Oberoi Realty is a Mumbai-based real estate developer known for luxury residential, commercial, and mixed-use projects, emphasizing quality, design, and sustainability. Established in 1980, it has a strong reputation for delivering high-end properties on time.
Founded In: 1998
Founded By: Rai Bahadur Mohan Singh Oberoi
Headquarters: Mumbai, India
Offerings: Residential, office space, retail, hospitality, and social infrastructure verticals
Market Cap: INR 50,083 Cr. As of 2024
Revenue: INR 4,193 Cr. As of FY23
Phoenix Mills
Phoenix Mills is a prominent real estate development company in India, primarily focused on retail, entertainment, hospitality, and commercial properties.
Founded In: 1905
Founded By: Ruia Family
Headquarters: Mumbai, India
Offerings: Commercial, Residential, Hotels and Malls Development
Market Cap: INR 49,706 Cr. As of 2024
Revenue: INR 2,616 Cr. As of FY23
Prestige Estate Projects
Prestige Estates Projects Limited, commonly known as Prestige Estate, is a leading real estate development company based in Bangalore, India. The company is known for its residential, commercial, retail, and hospitality projects across South India.
Founded In: 1986
Founded By: Razack Sattar
Headquarters: Bengaluru, India
Offerings: Commercial offices, Apartments, Shopping malls, Villas, Hotels, Golf courses, Leisure & Hospitality, Retail
Market Cap: INR 47,348 Cr. As of 2024
Revenue: INR 8,315 Cr. As of FY23
NBCC (India)
NBCC (India) Limited, formerly known as National Buildings Construction Corporation Limited, is a Navratna public sector undertaking (PSU) in India. NBCC has a diverse portfolio, including residential complexes, commercial spaces, office buildings, IT parks, hospitals, educational institutions, and infrastructure projects.
Founded In: 1960
Founded By: Ministry of Housing and Urban Affairs, Government of India
Headquarters: New Delhi, India
Offerings: (i) project management consultancy (PMC), including redevelopment of government properties, (ii) engineering, procurement and construction (EPC) and (iii) real estate development.
Market Cap: INR 22,914 Cr. As of 2024
Revenue: INR 6,736 Cr. As of FY23
Mahindra Lifespaces Developers
Mahindra Lifespace Developers Limited, commonly known as Mahindra Lifespaces, is a subsidiary of the Mahindra Group, one of India’s largest conglomerates. With a focus on creating sustainable urban communities and enhancing the quality of life, Mahindra Lifespaces has earned a reputation for excellence in the Indian real estate industry.
Founded In: 1994
Founded By: Anand Mahindra
Headquarters: Mumbai, India
Offerings: Residential Developments
Market Cap: INR 8,975 Cr. As of 2024
Revenue: INR 607 Cr. As of FY23
Signature Global
Signature Global specializes in affordable housing projects, aiming to provide quality housing solutions at economical prices. Signature Global focuses on developing residential projects in prime locations across various cities in India, primarily targeting the middle-income segment of the population. They have been actively involved in the development of affordable housing projects under various government schemes such as Pradhan Mantri Awas Yojana (PMAY) in India.
Founded In: 2000
Founded By: Pradeep Kumar Aggarwal
Headquarters: Gurugram, India
Offerings: Residential and Commercial Developments
Market Cap: INR 19,860 Cr. As of 2024
Revenue: INR 1,554 Cr. As of FY23
DB Realty
DB Realty is a real estate development company based in Mumbai, India. The company has been engaged in the construction of high-end residential projects, luxury apartments, commercial complexes, and retail spaces. DB Realty has also been associated with prestigious real estate projects such as Mumbai’s redevelopment of mill lands and other urban renewal initiatives.
Founded In: 2007
Founded By: Shahid Balwa
Headquarters: Mumbai, India
Offerings: Residential, Commercial and Gated community developments
Market Cap: INR 4,195 Cr. As of 2024
Revenue: INR 698 Cr. As of FY23
Reports and estimations say that By 2040, the real estate market in India will grow to USD 9.3 billion from USD 1.72 billion in 2019. According to the India Brand Equity Foundation (IBEF), Private Equity (PE) Investments in India’s real estate sector stood at USD 4.2 billion in 2023 as compared to USD 3.4 billion in 2022 almost a 23.5% increase in just a year. Moreover, the construction sector is 3rd largest sector in terms of Foreign Direct Investment (FDI) inflow in India.
The real estate sector in India seems quite promising with increased demand for both luxuries and affordable housing and other real estate development.
