After agriculture, the second largest sector in India is real estate. Its fluctuation directly affects the economy because it is important in the business sector. India’s real estate business is expected to reach $1 trillion by 2030 and 13% of GDP by 2025.
Here are the top 9 real estate companies of India in 2023:
1. DLF Ltd.
DLF, the largest publicly traded real estate company, has residential, commercial, and retail properties in 15 states and 24 cities. Chaudhary Raghvendra Singh launched DLF in 1946 to develop 22 Delhi urban colonies. The business entered Gurugram, a new territory, in 1985 to create amazing living and working places for Indian global professionals. Chairman Rajiv Singh runs DLF in Gurgaon, India. Net revenue was INR 6,082 crore in 2020. The company has 32 million square feet. The British Safety Council awarded it 13 “Sword of Honor” medals in a year for its outstanding standards.
2. Ansal Properties
Ansal API, a leading Indian real estate developer, has built lifestyles since 1967. Ansal API’s business verticals include Integrated Townships, Condominiums, Group Housing, Malls, Shopping Complexes, Hotels, SEZs, IT Parks, Infrastructure, and Utility Services. 19 townships in Delhi NCR, Punjab, and Haryana are its North Indian presence. The firm develops residential, commercial, and hotel properties.
This real estate company, managed by Chairman Sushil Ansal, has grown in real estate development and construction, hotels, infrastructure projects, and educational institutions from a humble beginning with his ideas and implementation.
3. Indiabulls Real Estate Ltd
Residential and commercial luxury homes are common in India Bulls real estate. Established in 2006, the company is one of India’s top real estate firms. The company mostly builds residential, commercial, and SEZ properties in India’s tier 1 metro areas.
Besides Gurugram, Chennai, Madurai, Ahmedabad, and Thane, the company has built 3.3+ million sqft commercial developments in Mumbai, including One India Bulls Centre and India Bulls Finance Centre, and residential developments like India Bulls Sky, Mumbai, and Greens Panvel. Gross development value of the company is INR 32,189 crores.
4. Godrej Properties
In FY 2020, Godrej Properties Ltd. won various honors for its excellent building. The CNBC-AWAAZ Real Estate Awards named Builder of the Year, and Construction Week Awards named Real Estate Company of the Year in 2019. One of India’s oldest real estate companies, formed in 1897, has a Mumbai office and recorded INR 2,441 crore in net income in FY20. Chairman Pirojsha and Chairman Emeritus Adi B Godrej run the company.
The Global Real Estate Sustainability Benchmark ranks GPL 7th in Asia and 17th overall. The organization considers where the material originates from, how the site and design are picked, and how much water and energy are used in its sustainable development efforts.
5. Phoenix Mills
Phoenix Mills builds retail, residential, commercial, and hotel buildings. They have nine large retail properties in six Indian cities. They focus on client care and understanding with initiatives like Phoenix Palladium (Mumbai) and Phoenix Market City.
Mumbai-based people work for this company. Chairman and non-executive director Atul Ruia runs the corporation. The CEO is Shishir Shrivastava. In 1905, the corporation was founded. 1,941 crores profit. Company revenue: 355 crores. The sum is 10,547 crores.
6. NBCC India
This Delhi-based real estate company was founded in 1960 as a Government of India Civil Engineering Enterprise. Excellent example of overcoming adversity. The best things of NBCC India Ltd. are its talents, innovation, attention to quality, fast delivery, and dedicated team. The key categories are real estate development, project management consultancy, and engineering procurement and consultancy. The NBCC India Ltd. turnover is Rs 6,384 crore. This company earned Rs 227 crore. The market cap of NBCC India Ltd. is Rs 6,345 crore.
7. Prestige Group
Razack Sattar founded Prestige Group in 1986. The organization is based in Bangalore, India. About 210 projects have been completed by the company. It has gained real estate fame in recent years. It is one of Chennai’s top real estate firms. The company emphasizes commercial, residential, retail, hotel, and real estate services. The company earns Rs 6518 crore. Profit is Rs 423 crore, and the promoters hold 70%. The company is worth Rs 12,156 crore.
8. L&T Realty
Since 2011, L&T Realty has been one of India’s most trusted real estate firms. The Larsen and Toubro real estate business is a pioneer in Indian real estate development. The company has 70 million square feet of residential, commercial, and retail buildings in vital tier-1 cities like Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad, and Chennai.
L&T Realty has strived to set standards and satisfy clients with its creative and original business practices. This real estate firm’s CEO and MD, Shrikant Joshi, leads staff. They consistently meet deadlines and use new technology to grow.
9. Oberoi Realty
Over 30 years old Oberoi Realty Ltd. has 38 million square feet under construction as of March 31, 2020. Its 42 projects include commercial, residential, retail, social, and hospitality infrastructure. Chairman and Managing Director Vikas Oberoi launched Oberoi Realty in 1998 in Mumbai. It is now one of India’s largest real estate enterprises. The company earned INR 2,237 crore in 2020.
