Amongst the sectors in the Indian economy, the housing sector alone contributes about 5-6 percent to the country’s GDP. It is also the second largest employer after agriculture and it could grow more than 30 percent over the next decade. The real estate sector usually comprises of four sub-sectors – housing, hospitality, retail and commercial. The evolution of this sector is complemented by the growth of the Indian business environment, the intense need for a suitable office space as well as the demand for an urban accommodation.
NOTE: The list below is based on a company’s consumer percentage and market value in the real estate sector in India and it is arranged in that particular order.
List of real estate companies in India
|1||Delhi Land and Finance (DLF)|
|7||Indiabulls Real Estate
- Delhi Land and Finance (DLF)
This New Delhi based real estate company has nearly 70 years of experience in the real estate business. They are one of the largest players in India with more than 20,000 crores of market capitalization.
The company was founded by Chaudhary Raghvendra Singh in 1946. Its first project was the Krishna Nagar in Delhi that it successfully completed in 1949. It successfully pioneered the retail revolution in India by redefining recreation, shopping and leisure activities with the unveiling of the city centre in Gurgaon in the year of 2000. Having created workspaces for top companies like IBM, Microsoft, Canon, Citibank, Hewitt, Bank of America and Infosys, among others, DLF is currently expanding its presence across 15 states and 24 cities in India.
Market CAP: INR 20334.15 crores
- Oberoi Realty
With over three decades of experience in real estate, Oberoi Realty is a company based in Mumbai. With over 38 projects totally 9.16 million sq. feet of spaces across Mumbai, Oberoi Realty has a hard-hitting plan of 20.61 million sq. feet across Mumbai and other Indian regions in the future. It is basically interested in developing residential, hospitality, retail, office and infrastructure properties.
The company is led by Vikas Oberoi, a rich billionaire based in India. It was integrated as Oberoi constructions by his father in the early 1980s who handed over to him (Vikas Oberoi) in 1997. He currently has 75% stake in the business and the company has been listed on the Bombay Stock Exchange in 2010.
Oberoi is responsible for the second tallest tower in India, the Oasis Tower and also the Oberoi Garden City, an 80-acre complex that stands as a showpiece for the company.
Market CAP: INR 8000.12 crores
- Prestige Estates: It is a top leading South Indian company with interests ranging from commercial, hospitality, residential and retail sub-sectors. They are based in Bangalore with their corporate office in The Falcon House.
Founded and established by Razack Sattar in 1956 as a fabric company for male wears but later ventured into real estate business in 1986 with its first project being the Prestige Court, KH road, Bangalore. Other significant projects include UB City, The forum, Prestige Golfshire, among others.
Market CAP: INR 7421.25 crores
- Godrej Properties
With its head office in Mumbai, this Godrej inspired company was first founded in 1985 as Sea Breeze Constructions and Investments Private Limited. It is the first real estate company to be ISO certified in India, with it being listed both in the Bombay Stock Exchange (B.S.E) and the National Stock Exchange (N.S.E).
The company is currently headed by Mr Adi B. Godrej as the chairman and Mr Pirojsha Godrej as the Chief Executive Officer. Presently, it has a development span of about 8 million sq. meters and projects in twelve major cities of India including Bengaluru, Chandigarh, Pune and Chennai among others.
Market CAP: INR 6164.96 crores
They are a real estate group based in Mumbai that focuses on residential, commercial and retail services.
It was established in 1996 and was specifically meant to grow the Mumbai Metropolitan region. It has 23 projects covering over 20,000,000 sq. feet in land area. They have built some huge malls in and around Mumbai and also plan to rehabilitate the slums with their Slum Rehabilitation Scheme.
Recently, HDIL is expanding into cities like Hyderabad and Kochi as part of their growth scheme.
Market Value: INR 3033.59 crores
- Sobha Limited
Formerly known as Sobha Developers, Sobha is a real estate company with interests in constructions and residential projects. With over hundred real estate projects spanning nearly 70.6 million square feet of area, the company has its real estate presence in nine cities in India including Bangalore, Chennai, Cochin and Thissur.
Market value: INR 2977.71 crores
- Indiabulls Real Estate
The group has its headquarters in Gurgaon and its corporate office in Mumbai. It was founded in 1999 by Mr Sameer Gehlaut with Indiabulls Ventures Limited, Indiabulls Housing Limited and Indiabulls Real Estate Limited becoming its independently listed companies.
It is one of the largest groups in India based on net worth, properties and assets. With its key presence in Mumbai, Delhi and Chennai and thirty one projects spanning 73 million sq. feet in land area. Amongst its achievements over the past decade, it has built 2 iconic towers in Mumbai – The Indiabulls Centre and the Indiabulls Financial Centre.
It is also the first to bring the Foreign Direct Investment into real estate India after conjoining with Farallon Capital Management LLC. It is listed in the Bombay Stock Exchange and the Singapore Stock Exchange.
Market CAP: INR 2613.10 crores
With imprints in over 27 cities across 8 states in India and with projects spanning about 95.2 million sq. feet in real estate, their interests include residential, commercial and retail sub sectors.
It was founded in 1989 as Omaxe Builders Private Ltd but was later changed to Omaxe Construction Private Ltd and then Omaxe Limited. With 39 ongoing projects, Omaxe now has its presence in states like Punjab, Delhi, and Uttar Pradesh among others.
Market CAP: INR 2438.98 crores
- PNC Infratech
With a decade of experience in real estate, PNC was incorporated in 1999 with the basic business focus of implementing end-to-end infrastructure on their projects. Their major vision is to become of the leading development and construction providers in India by 2020. With key clients like the National Highway Authority of India, RITES Ltd and the Military Engineering Services, they engage in diverse areas of infrastructural development including Airport Pavement construction, Highways and Bridges construction amongst others.
Market CAP: INR 1936.25 crores
- Brigade Enterprises
Founded in 1986 by M.R Jaishankar with its headquarters in Bangalore and a huge base in south India especially in Chennai, Mangalore, Coimbatore and Kochi. It also has a presence in Dubai. With over 100 completed projects covering an area of about 18,058,045 sq. meters. Their achievements include luxury apartments, 5 star hotels, resorts, clubs and schools.
Market CAP: INR 1676.62 crores