India is expanding at a rapid pace and holds a position among the top 10 prices appreciating housing market internationally. The real estate sector has witnessed an annual increase of 170% attracting $1 billion investment in 2019. There is a thriving space to invest in building various sectors like education, healthcare, e-commerce, and logistics. India’s top 30 cities are expected to grow more than double size by 2025.
The real estate sector consists of 4 sub-sectors – housing, hospitality, commercial, and retail. The growth of each sector depends on the demand for office space in urban and semi-urban areas. At the same time, it also depends on NRI investment in both the short term and the long term. Bengaluru is the most preferred property investment city for NRI’s. Mumbai is the most favored city of residence for real estate capitalists.
Our country is the second-largest employer holding a prominent place in the country’s commercial system. The overall size of the real estate industry is at USD 170 billion and the housing sector contributes nearly 5 to 6% of India’s GDP. Here are given the list of top 10 real estate companies in India based on total turnover.
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1. DLF Ltd
DLF holds the 1st position in the top 10 list with the largest real estate company in India in terms of total sales and has a turnover of Rs 7766 Cr. The company is founded in 1946 by Chaudhary Raghvendra Singh. DLF is into residential, commercial, and retail properties handling business in 15 states and 24 cities. The company has market capital INR 56672 Cr and earns a profit of INR 1632 cr. The company possesses more than 3 years of experience in the realty sector. The firm operates in various stages of development like land identification and acquisition, planning execution, construction, and marketing of projects. They are also into power generation and transmission. The company generates revenue through sales and rental properties. DLF Mall built-in 2019 was the first mall in the world accredited with a LEED Platinum certification from US Green Building Council.
2. Godrej
Godrej properties were founded in 1989 and it remains a part of the Godrej group. Today, they are one of the leading real estate developers having their presence in more than 12 cities. The company has 122 years of legacy of excellence and trust. The company is headquartered in Hyderabad and the CII- Godrej green building center was completed in 2004 and awarded with LEED Platinum building by the US. The revenue of the company is INR 2322 Cr and the market capitalization of INR 23161 Cr. In FY20, the company witnessed the highest ever sale and added 10 new projects. The booking value stood INR 5915 Cr. Godrej industries entered the real estate sector in 1989 and they completed the first residential building in Thane in 1994. In 2007, the company was ranked among the top 10 construction companies in India. In 2017, they partnered with Taj hotels to develop premium Taj brand hotels.
3. Sobha
Sobha is one of the most respected real estate brands in India and it was founded in 1995 by P.N.C.Menon with a vision transforming people perceive quality. The company has a presence in 27 cities and 14 states across India. The company operates in the Middle East, UAE, Oman, Singapore, and Bahrain. Headquartered in Bangalore, they have projects in cities like Chennai, Mysore, Cochin, Calicut, Thrissur, Gurgaon, and Coimbatore. The annual revenue of the company is INR 25 billion and it employs around 4000 people. The first residential project of Gujarat- GIFT City, a global financial and technological hub offers world-class infrastructure. The company is prominent for constructing luxury apartments, villas, townships, and commercial spaces. Sobha holds a land bank of 2430 acres across different cities. Sobha also deals with the various business-like interior division, glazing and metalwork division, and concrete product division.
4. Brigade
Brigade enterprise are leading property developers for more than 3 decades and they are experts in creating positive experiences of stakeholders and winning customers’ trust. The company was established in 1986, headquartered in Chennai and they have successfully erected many landmark buildings across various cities of South India. The company is into the construction of residential, retail, office, hospitality, and education sectors. The revenue of the company is INR 2973 Cr and market capital of INR 4210 Cr. Brigade has completed more than 250 buildings adding up to 66 million sq ft. The company’s residential portfolio includes villas, penthouses, luxury apartments, urban studios, value homes, premium residence, urban studios, townships, and independent living space for seniors. Brigade retail projects include Orion OMR, Orion Mall, and Orion East. The hospitality constructions include a convention center, recreational clubs, star hotels, baking company, and celebration catering & events.
5. Prestige Estate Projects Ltd
Prestige Group was established in 1096 and they are the foremost property developers in India. They are quite popular developers in South India. Headquartered in Bangalore, the company have shown their presence in Kochi, Hyderabad, Chennai, Mysore, and Mangalore. The founder of Prestige Group is Razack Sattar and the company is now managed by his three sons. They are one of the few real estate developers that are ISO certified. The company has won several awards which include Asia’s real estate excellence award, Asia’s most admired brand, lifetime achievement award for Razack Sattar. The company has tied up with the Mumbai based DB group for developing projects that comprises large hotels, convention centers in Delhi in a total investment of INR 2000 Cr. The brand has built Aerocity in Delhi in over 7.70 acres and also building the largest forum mall in Bengaluru. They are also planning to build affordable housing projects in various cities.
6. Purvankara Ltd
The Bangalore based Purvankara is a leading real estate developer with offices in several cities across south India. They have an international office in the UAE and Sri Lanka. The company was founded in 1975 and until now they have completed 45 projects in 6 different cities. Ravi Purvankara is the founder of the company and he won lifetime achieve an award for outstanding contribution to the real estate sector. The company is planning to launch 13 projects of which 6 are in Bangalore, 3 in Mumbai, 2 in Pune, and 1 each in Chennai and Kochi. The company has announced a unique initiative ‘Purva Cash’ first virtual real estate currency. It was introduced for Purvankara’s flagship Expo to give additional benefits for discerning home buyers. They have also announced budget homes in Chennai priced between Rs30 lakh and Rs 70 lakh.
7. Indiabulls Real Estate Ltd
Indiabulls Real Estate Company was founded in the year 2006 and they focus on constructing residential, commercial, and SEZ projects across major metropolitan cities in India. They are one of the biggest real estate company in Chennai. The revenue of the company is INR 5015 Cr and the market capitalization of INR 2776 Cr. Apart from real estate projects the company is involved in allied activities like real estate project advisory, investment advisory, project marketing, engineering, industrial and technical consultancy, construction, and development of real estate properties. Indiabulls have erected the iconic commercial building of 3.3 million sqft in Mumbai and various residential segments. They have completed many projects in Gurgaon, Madurai, Ahmedabad, Chennai, and Thane.
8. Oberoi Realty Ltd
Oberoi Realtors was founded in the year 1980, headquartered in Mumbai deals with the construction of office, apartment, hotel, golf course, and shopping malls. The company is into the development of various projects in Mumbai and some of their popular projects include Oberoi gardens, Beachwood house, Oberoi crest, Oberoi Parkview, and Oberoi splendor. They have built quality buildings that stand out in design and interiors. The revenue of Oberoi realtors is INR 2582 Cr and market capital of INR 19044 Cr. The company has developed 42 projects across Mumbai and aggressively planning for upcoming projects in various parts of Maharashtra.
9. Phoenix Mills Ltd
Phoenix Mills is India’s largest retail-led mixed-use developer. They are handling a particular niche of the Indian real estate sector like mega retail malls, entertainment complexes, commercial spaces, and hospitality units. They cover various aspects of real estate development, planning, execution, marketing, management, maintenance, and sales. The revenue of the company is INR 2194 Cr and the market capitalization of INR 11732 Cr. The company has real estate assets in Mumbai, Bangalore, Chennai, Pune, Agra, Lucknow, and Ahmedabad.
10. Omaxe Ltd
Omaxe Ltd was established in the year 1989 by Rohtas Goel. The company is headquartered in Delhi and is involved in the construction of offices, apartments, hotels, villas, shopping malls, and penthouses. Some popular projects include World Street Faridabad, Omaxe Heights, Omaxe Connaught Place, Omaxe New Chandigarh. The trusted real estate brand has got listed on both stock exchanges in 2007. The company possesses a portfolio of various projects that includes Hi-Tech township, an integrated township, group housing, shopping malls, office spaces, and hotels. The company has a revenue of INR 1146 Cr and a market capital of 2809 Cr.