The Real Estate sector is the second-largest employment generator in India after the agriculture sector. The real estate sector in India is expected to reach 1 trillion US dollars by 2030. By 2025, it will contribute 13% to the country’s GDP. Global Real Estate Market Expert JLL’ s 2024 Real Estate Transparency Index shows that India has moved into the transparent zone for the first time, ranking 31st out of 89 countries. Companies listed in Top 10 Listed Real Estate Companies in India show the rising and innovative turnover of the real estate market.
Source: India Brand Equity Foundation.
Real Estate Regulatory Act [RERA], Benami Transactions Act, Dividend Distribution Tax [DDT] exemption, Interest subsidy to home buyers etc are some of the government initiatives for the real estate sector.
The Top 10 Listed Real Estate Companies in India are:
| S.no. | Real Estate Companies in India | Net Worth [in Rs. Cr] | Founders |
| 1. | DLF | 39,432 | Raghvendra Singh |
| 2. | Macrotech Developers | 17,534 | Mangal Prabhat Lodha |
| 3. | Godrej Properties Limited | 10,301 | Adi Godrej |
| 4. | Oberoi Realty | 13,844 | Ranveer Oberoi |
| 5. | Phoenix Mills | 12,387 | Ramnarain Ruia |
| 6. | Prestige Estates | 11,801 | Razack Sattar |
| 7. | Brigade Enterprise | 3,558 | M.R. Jaishankar |
| 8. | Anant Raj | 3,685 | Shri Ashok Sarin |
| 9. | Signature Global | 629 | Pradeep Kumar Aggarwal |
| 10. | Sobha | 2,514 | P.N.C Menon |
Top 10 Real Estate Companies in India
1. DLF
Source: Google Images
- Headquarters: Gurugram
- Founded: 1946
- Annual Revenue: 6,958 Rs. Crore
Raghvendra Singh founded DLF– Delhi Land and Finance in 1946 with development of 22 urban colonies in Delhi. Around the 1970s, the company started developing their DLF City project at Gurgaon that included hotels, infrastructure and special economic zones related development projects. Today, DLF is the largest publicly listed real estate company in India, with residential, commercial and retail properties spanning 15 states and 24 cities. Haryana Urban Development Authority[HUDA] and DLF, with equal partnership in joint venture, have completed work on a 16-lane, 10.5 km road network in Gurgaon. With their 78+ years experience in real estate investment, they have an unmatched track record of customer-centric service excellence in India.
2. Macrotech Developers or Lodha Group
Source: Google Images
- Headquarters: Mumbai
- Founded: 1980
- Annual Revenue: 10,470 Rs. Crore
Founded in 1980 by Mangal Prabhat Lodha, this Indian Multinational real estate company has developed residential and commercial properties in Mumbai, Thane, Hyderabad, Pune and London. They are known for premium and luxury housing projects, industrial and logistics park segments and Digital Infrastructure. It has also been recognized for developing Palava, an integrated smart city in Dombivali, Mumbai. Lodha Altamount, Lodha World Towers, Lodha Cullinan, Lodha Vero, Lodha Sterling are some of their iconic projects. It has collaborated with RMI India for Net Zero Urban Accelerator to fulfill their commitment towards high quality and sustainable development.
3. Godrej Properties Limited
Source: Google Images
- Headquarters: Mumbai
- Founded: 1990
- Annual Revenue: 4,334 Rs. Crore
After its establishment in 1990, Godrej Property Limited has been a pioneer of excellence in the Indian real estate industry. Over 400 awards including the recognition for ‘Environmental and Social initiatives’ at the KPMG ESG Conclave and Awards for 2023, the Gold Award for Gender Equality at the ICAI International Sustainability Reporting Awards 2022, the most ‘Trusted Real Estate Brand’ in 2019 from the Brand Trust Report has been received by them. Some of the new and upcoming projects are Godrej Garden City, Godrej Green Cove, Godrej Tropical Isle, Godrej Horizon and many more.
4. Oberoi Realty
Source: Google Images
- Headquarters: Mumbai
- Founded: 1998
- Annual Revenue: 4,819 Rs. Crore
Founded in 1998 by Ranveer Oberoi, Oberoi Realty operates in two segments: Real estate and hospitality. They have developed approximately 43 projects at locations across the Mumbai skyline. Oberoi Mall, Oberoi Splendor, Oberoi Sky Heights, Oberoi Chambers, Oberoi International School are some of their well known projects. Currently, the company is managed by Vikas Oberoi- son of Ranvir Oberoi. Under the leadership of Vikas Oberoi, the company has been able to acquire large parcels of land and develop landmark projects, including the 60- acre former Novartis campus in Goregaon, Mumbai.
5. Phoenix Mills
Source: Google Images
- Headquarters: Mumbai
- Founded: 1987
- Annual Revenue: 4,110 Rs. Crore
In 1987, Phoenix Mills Limited joined the growing real estate market where High Street Phoenix emerged as the most frequented destination in Mumbai. In 2001, they introduced India’s first hypermarket concept with the launch of Big Bazaar’s first store at the High Street Phoenix, Mumbai. Launched retail shopping departmental stores. In 2009, the company launched Palladium Mall- a luxury premium and iconic mall. In 2011, launched Phoenix Marketcity at Whitefield, Bengaluru’s IT hub and Phoenix Marketcity in Kurla, a mixed use development asset in the eastern suburb of Mumbai, with over 300 national and international brands. Currently, the company’s constructed Phoenix Palassio in Lucknow became operational.
6. Prestige Group
Source: Google Images
- Headquarters: Bangalore
- Founded: 1986
- Annual Revenue: 9,425 Rs. Crore
Founded in 1986 by Razack Sattar, The Prestige Group has pioneered many landmark developments and introduced many initiatives in South India. Over the last decade, the company has firmly established itself as one of the leading and most successful developers of real estate in India by developing its indelible mark across all asset classes. The Company has delivered approximately 250+ real estate projects spanning 151 mn square feet. The company collaborates with various hospitality brands such as JW Marriott, Sheraton Grand and Conrad by Hilton to build and operate hotels. Prestige Shantiniketan, UB City, Prestige Golfshire, The Forum Vijaya, The Celebration Mall etc are their notable projects.
7. Brigade Enterprise
Source: Google Images
- Headquarters: Bangalore
- Founded: 1986
- Annual Revenue: 5,064 Rs. Crore
M.R. Jaishankar in 1986, founded Brigade Enterprises who have crafted a legacy with an unmatched quality in residential, commercial, hospitality and retail sectors. Their Brigade Real Estate Accelerator Program[REAP] emerges as a driving force for sustainability and innovation in the real estate market. The company has Brigade International Finance Centre in GIFT city and has built World Trade Center in Bangalore, Chennai and Kochi. For three decades, the company has been transforming skylines across South India. They have been recognised 13 times consistently as a Great Place to Work.
8. Anant Raj Limited
Source: Google Images
- Headquarters: New Delhi
- Founded: 1969
- Annual Revenue: 1,521 Rs. Crore
Since 1969, Anant Raj Limited has been a leader in India’s Real estate landscape. In the 1970s and 1980s they successfully bombed nearly 30,000 homes across Delhi and the NCR region. Due to their expertise and reliability they were a key contractor for prominent government agencies, including the DDA, MES, PWD and CPWD maintaining a long- standing partnership with the DDA from 1969 to 1990. They have delivered a range of projects in Information Technology[IT] parks, hotels, commercial complexes, malls, data centers, residential apartments and other infrastructure projects. They have also been engaged in the development of affordable homes in Tirupati, development of a data center at Manesar and development of hospitality projects near Delhi airport.
9. Signature Global
Source: Google Images
- Headquarters: Gurugram
- Founded: 2014
- Annual Revenue: 1,325 Rs. Crore
Signature Global was founded in 2014 by experienced financial sector professionals. They are an EDGE-certified Green Building Developer in its focused segment in Delhi NCR. As a member of IGBC, the company has been recognized with the award ‘Developer Leading the Green Affordable Housing Movement in India’ at the 8th IGBC Green Championship awards. The company has replicated its business model across micro-markets in Delhi NCR, with a particular focus on Gurugram and Haryana. Signature Global City 79B, Golf Greens-79, Signature Global Prime, Signum Plaza 63A, Infinity Mall and many more are their residential and commercial projects.
10. Sobha
Source: Google Images
- Headquarters: Bengaluru
- Founded: 1995
- Annual Revenue: 3,218 Rs. Crore
Incorporated in 1995, Sobha Limited is the first Indian real estate company to obtain ISO certificate. In 2010, the company became the first ‘10 billion real estate brand in South India’ with business contracts of Leela Ventures, ITC, Trident Hotels etc. In 2014, Sobha was honoured as ‘ Global Growth Company’ by the World Economic Forum. They were recognized for ‘Outstanding Safety Performance’ by the National Safety Council, Kerala in 2023. Their long-term performance has been supported by in-house production of construction items and furniture. Internationally, Sobha ltd. has operations running in Oman and Dubai as Sobha Realty. Sobha Sapphire, Sobha City, Sobha Carnation, Sobha Emerald, Sobha Garden etc are some of their known projects.
With increase in investments and growing population of the country the demand for the real estate market has always been increasing. The real estate sector is boosting infrastructure development by competing and challenging the global standards. The Top 10 Listed Real Estate companies are the evidence of the commitment towards the rise of Indian Real Estate with innovation and sustainability in the world.
Henceforth, the real estate market is the upcoming booming sector of the Indian economy, attracting foreign and private investments.
