Top 10 Real Estate Companies in India
If you are someone who is facing the problem of creating a dream house for yourself and your family then real estate companies are the one-stop destination for you. The actual size of Indian real estate is $ 170 Billion, and it also supports the financial sector. Currently, the real estate sector contributes 6% of the GDP of the country. By 2030 the Indian real estate sector is expected to reach $ 1 Trillion and is estimated to contribute 13% to the GDP of the country by 2025. Like every other sector, real estate has also suffered huge losses due to Covid-19 situations, but slowly things are getting better. In the 2020 Global Real Estate Transparency Index published by Jones Lang LaSalle, India ranks 34th out of 99 countries in which 163 cities are also included. In the 2021 Budget Ministry of Housing and Urban Affairs was allocated ₹54,581 Crore by the Indian Finance Minister.
After the agriculture sector, India's 2nd largest creator of jobs is the real estate industry. The real estate sector can be broadly classified into four subdivisions - Commercial, Housing, Retail, and Hospitality. In this article, we have mentioned the best real estate companies in our country, which have over decades of experience with lots of innovative ideas and excellent projects for commercial and residential purposes. These companies have a major share in the real estate market of India. So without further ado, let's check the list of Top 10 Real Estate Companies in India:
1. Ansal Properties and Infrastructure Ltd
Ansal Properties and Infrastructure Ltd were founded in 1967, and now it is India's one of the leading real estate companies. This real estate company operates in a range of business verticals like Condominiums, Integrated townships, Group Housing, Hotels, Shopping complexes, SEZs Malls, IT Parks, and Utility and Infrastructure Services. API was founded by its visionary founders, Sushil Ansal and Surendra Kumar Saigal. Initially, this company was named Ansal & Saigal Properties Private Limited, which later on in 1975 was changed to Ansal Properties & Industries Private Limited. In 1988 the status of the company was changed to a deemed public limited company, and with its spectacular growth, Ansal API became a Public Limited Company in 1990.
Today it is among India's best real estate companies with its set footprint in North Indian markets such as Punjab, Delhi NCR, Haryana, Uttar Pradesh, and Rajasthan, which also includes 19 townships. The prime focus of the company is on commercial projects, residential projects, and hospitality projects. Ansal API won many awards over the years; in 2006, it won two awards by Amity Leadership Awards and 360 Degrees (a subsidiary of The Times of India) for the First-Ever Smart Living Award. For its outstanding contribution to real estate, it was awarded Realty India Awards in Dubai in 2017, and in the same year, it also won The Brand Icon 2017 by Times of India.
2. Indiabulls Real Estate Ltd
The next real estate company on the list is Indiabulls, which is known for its commercial properties and luxurious residential properties. Indiabulls Group is a conglomerate that was founded in January 2000 by Sameer Gehlaut. Its headquarters is in Gurugram, Haryana. It is a multi-industry company that deals not only in the real estate sector but also in housing finance, pharmaceuticals, consumer finance, construction equipment rentals, etc. Indiabulls real estate is one of the best companies in India. The main focus of the company is on constructing and developing commercial, residential, and SEZ properties in major tier-one metro cities of our country.
Over time, this company has delivered many big commercial developments in Mumbai of 3.3+ million sqft, which include Indiabulls Finance Centre & One Indiabulls Centre. In the segment of residents - Indiabulls Sky, Mumbai, and Greens, Panvel. It has also delivered its project in major Indian cities like Chennai, Ahmedabad, Gurugram, and Thane. The gross development value of the company is ₹ 32,189 crores, and the net worth of the company is ₹ 7,090 crores. It also has 15 ongoing projects of 33.91 million sq. ft under its wing. It has the highest IBREL credit rating of AA- for long-term debt in the real estate industry.
3. DLF Ltd
DLF Limited, which is Delhi Land and Finance company is among the top real estate companies in India. It was founded in July 1946 by Chaudhary Raghvendra Singh. The headquarters of the company is in Gurugram, Haryana, and its current chairman is Rajiv Singh. It is a commercial real estate developer that builds offices, residents, and retail properties. Many of you might not know that many residential colonies of Delhi like Rajouri Garden, Model Town, South Extension, Greater Kailash, and Hauz Khass are developed by this company. The company started developing its DLF city project in Gurgaon, which includes infrastructure, special economic zones, hotels, etc.
The net revenue of the company in the financial year 2021 was US$510 million. It is changing the Indian landscape by constructing world-class buildings and adhering to best practices in environment, construction, corporate governance, and compliance. The rental assets of the company are more than 32 million sq. ft, and the total assets of the company are ₹57,229.78 crores. British Safety Council has awarded a year 13 'Sword of Honor' to DLF for maintaining rigorous safety standards.
4. Godrej Properties Ltd
Godrej Properties Limited is the subsidiary of Godrej Industries Ltd (established in 1897). It is a real estate company that was founded in January 1990 by Adi Godrej. Its head office is in Mumbai, and its managing director is Pirojsha Godrej. This company operates in many major Indian cities like Gurugram, Chandigarh, Kolkata, Ahmedabad, Nagpur, Pune, Mumbai, Mangalore, Hyderabad, Chennai, Bangalore, Noida, and Kochi. The main products of this company are commercial complexes, residential buildings, and townships. The total revenue for the year 2021 is 13.33 billion Indian rupees, and the total assets of the company are 11,449 crores. It has received several awards, like in the Financial Year 2020. It was awarded Builder of the Year by CNBC- AWAAZ, Real Estate Company of the Year at the 9th Construction Week Award 2019, at the APREA Property Leader Awards, it received 'Equality and Diversity Champion' 2019, in 2019 it was awarded The Most Trusted Real Estate Brand by Brand Trust Report.
It has been rising exponentially. The main mission and vision of Godrej Properties are to provide quality service and to be a customer-driven firm. The main focal point of their working strategy is to be a transparent, technically developed, efficient, and architecturally smart creation. The company also focuses on sustainable development by encompassing different environmental criteria, which include site selection and design, sourcing of content, energy and water conservation, etc. Currently, it is developing projects that cover more than 89.7 million sq. ft and has already completed 2 commercial projects and 48 residential projects. Godrej Properties Ltd has been awarded 17th rank globally and 7th in Asia by Global Real Estate Sustainability.
5. Oberoi Realty ltd
It is a real estate development company with over 3 decades of experience that develops commercial, residential, social, and retail infrastructure projects. It was established in 1998, and its headquarters is in Mumbai, Maharashtra. This company is led by its Managing Director and Chairman Vikas Oberoi. As of 31 March 2020, it has a 38 million sq. ft area under construction. The company recorded net revenue of INR 2,237 crore in the financial year 2020. The company has enhanced its execution capabilities through technological interventions across the value chain, with total assets worth a whopping ₹ 11,121 crores. This company is among the top real estate company and evolving and growing at an exponential level.
6. Brigade Enterprises Limited
It is a property development and real estate company and was established in 1986 by M.R. Jaishankar in Bangalore, Karnataka. Nirupa Shankar is the Executive Director of the company. It also operates in Chennai, Mysore, Mangalore, Hyderabad, Kochi, Ahmedabad, and Chikmagalur and has a representative office in Dubai. It provides property management services, Real estate, lease rental, and hospitality in South Indian cities. The core value of the company is Innovation, Fairness, Trust, and being responsible socially.
It has won many national and international awards in the construction industry. It has built International Finance Center in Gujarat International Finance Tec-City, World Trade Center - Chennai, World Trade Center- Bangalore, and Kochi. The Net Revenue of the company is ₹ 2,632 Crores, and the Net Profit of the company is ₹ 112 Crores. The Total Assets of the company are ₹ 12,260 Crores.
7. L&T Realty Ltd
L & T Realty Ltd is among the most trusted and reputed real estate company, and it is part of the Indian multinational conglomerate Larsen & Toubro Group. It was founded in 2007, and its headquarters is in Mumbai, Maharashtra. It is a trendsetter among the real estate developers in India. The company is led by its MD & CEO, Mr. Shrikant Joshi. The extensive portfolio of the company has 70 million sq. Ft across commercial, residential, and retail developments in major tier-one Indian cities like Navi Mumbai, Bangalore, Mumbai, Chennai, and Hyderabad.
Apart from its independent projects, it also undertakes development projects for various renowned builders. This company has devoted itself to excellence, innovative and creative operations, and customer satisfaction. It also has a reputation for standing by its promises. It has embraced the power of new technologies and digitization in its core strategy for growth.
8. Phoenix Mills Ltd
This real estate company was founded in 1905 and had a registered office in Mumbai, Maharashtra. The Non-Exe Director of the company is Atul Ruia, and its managing Director is Shishir Srivastava. It develops residential, retail, hospitality, and commercial properties. It owns 9 large-scale retail assets in 6 major Indian cities. This company aspires to be the most trusted and leading real estate company in the nation. With projects like Phoenix Marketcity in Pune and Phoenix Palladium in Mumbai, they create services that are rooted in customer focus and insight. The net revenue of the company is ₹ 1,941 Crores, and the Net Profit is ₹ 355 Crores. The total assets of the company are ₹ 10,547 Crores.
9. Prestige Estate Project Ltd
It is a South Indian property development company that was founded in 1986 by Razack Sattar in Bangalore, Karnataka. It has developed various commercial spaces and residential colonies in various Indian cities like Chennai, Kochi, Bengaluru, Hyderabad, Mysore, Mangalore, including UB City, Prestige Shantiniketan, Prestige Acropolis, Prestige Golfshire, The Forum, The Forum Vijaya, The Celebration Mall. This company builds structural marvels, and currently, it is building one of the largest convention centers and hotels in New Delhi. In its legacy of 30 years, it has built 330 projects and 300+ awards to date. It has its presence in 12 major cities in India and aims to exceed the expectations of employees and customers. During the pandemic, this company supported 2.2 million meals as a part of a CSR initiative. The net revenue is ₹ 8,124 Crores (2020), and its net profit is ₹ 544 Crores. The total Assets of the company are₹ 29,771 Crores.
10. Dilip Builcon Ltd
It is an infrastructure development and construction company founded in 1987 by Mr. Dilip Suryavanshi in Bhopal, Madhya Pradesh. Later in 2006, the company was incorporated into the Ministry of Corporate affairs and also got listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). It has a presence in 17 Indian states that account for more than 80% of the country's landmass. They are among the largest employer in the industry of construction, with 38,569 employees.
Apart from building residential buildings, it also undertakes EPC (Engineering, Procurement, and Construction) projects. This real estate company, along with its joint venture, has signed a pact with NHAI ( National Highways Authority of India) for a highway project in Rajasthan of ₹1,000 crores. So far, it has built 16% of all the National Highways of India. Nitin Gadkari felicitated this company with Silver Awards for Excellence in Construction Management in 2018. The Net Revenue of the company is 9,724 Crores (2019-20), and its Net Profit is ₹ 404 Crores (2020). The total assets of the company are ₹ 16,732 Crores.