Top Real Estate Companies in India - Listing
the Industry Tycoons
Written by: Neelam Shahzadi
Reviewed by: Majid Hussain
India’s real estate industry has grown steadily in recent years, with many companies making their mark in the market. Mukesh Ambani inviting the global business tycoons, including singers and actors, to his son’s pre-wedding nuptials has unlocked the doors to potential investment clients worldwide, making India an even more profitable market in the future.
In this article, we cover the top 10 real estate companies in India, including their history, notable projects, and their commitment to corporate social responsibility. So, whether you are a first-time homebuyer or an experienced investor, read on to learn more about the top players in the Indian real estate industry.
Top Real Estate Companies in India
The real estate sector in India has seen tremendous growth in recent years, and several companies have contributed to this success. These companies have left their mark on the industry, from luxury apartments to affordable housing.
Here are the top 10 real estate companies in India that have set a benchmark for others to follow:
- Omaxe
- DLF Limited
- Godrej Properties
- Tata Housing
- Raheja Developers
- Ashiana Housing
- Parsvnath Developers Limited
- K Raheja Corp
- Hiranandani Constructors
- Piramal Realty
Omaxe
Founded in 1987 by first-generation entrepreneur Mr. Rohtas Goel, Omaxe started its journey in the Construction and Contracting business. In 2001, Omaxe launched its first real estate project in Gurugram with executive floors. Over the years, the company has made significant progress, from being listed on NSE and BSE in 2007 to having a net worth of 1638 crores in 2020.
Omaxe is a successful company committed to building dream living spaces for customers. It has built notable projects such as an 85-acre township in Greater Noida and Omaxe Connaught Place, which won “The Best Upcoming Mall in India.” Omaxe Chowk is another project built on the PPP model with the GOI. The company operates in 29 cities across eight states and aims to build a new India.
Apart from its impressive real estate projects, Omaxe has also made significant strides in various sectors, such as health, education, and community development, as part of its corporate social responsibility initiatives.
DLF Limited
DLF (Delhi Land and Finance) is a real estate company founded in India in 1946 by Chaudhary Raghvendra Singh. The company initially focused on creating 22 urban colonies in Delhi. In 1985, DLF expanded into Gurugram, a relatively unknown region, and developed exceptional living and working spaces for the growing number of Indian global professionals. Over the years, DLF has become India’s largest publicly listed real estate company and has properties in 15 states and 24 cities, including residential, commercial, and retail properties.
DLF’s diverse verticals reflect their commitment to developing ecosystems that meet India’s changing needs. However, the company’s foundation has always been its employees, customers, stakeholders, and shareholders. DLF invests in innovation through empowerment and optimism to build India’s future on the legacy of its past.
DLF takes pride in maintaining uncompromising integrity in customer engagement and quality assurance. Throughout its 75-year legacy, the company has made it its core mission to provide the highest calibre of real estate development, management, and investment services.
Godrej Properties
The Godrej Group, founded by Ardeshir Godrej in 1897, has a long-standing legacy in India. It has its roots in the country’s Independence and Swadeshi movement. Godrej started as a serial entrepreneur and faced failures before establishing a successful locks business.
The Godrej Group has a massive consumer base of 1.1 billion people across various industries, such as consumer goods, real estate, agriculture, appliances, and more. Their engines now power many of India’s space missions.
Godrej Properties is a real estate company based in India. It went public in 2010 and is now listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited. As of March 31, 2023, it had a market capitalisation of ₹28,651 crore and 92 active and upcoming projects across major real estate markets in the country. Its focus regions are the Mumbai Metropolitan Region, National Capital Region, Pune, and Bengaluru.
Tata Housing
Tata Housing Development Company Limited was established in 1984 and is a closely held public limited company and a subsidiary of Tata Sons Private Limited. It is a leading real estate development company in India, known for its quality construction, ethical business practices, and high standards of maintenance of properties.
The company’s operations span various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing & sales, project execution, and estate management.
Tata Housing aims to create world-class properties that maximise returns. They partner with architects to build high-quality projects ranging from affordable to luxury housing. Tata is committed to developing green buildings and has projects under execution and pipeline.
The company is in mumbai, Pune, Goa, Gurgaon, Noida, Kasuali, Bengaluru, Chennai, Kolkata, Bhubaneswar, and Kochi. Its recent launch has also ventured into foreign markets such as the Maldives. With over 350+ employees, Tata Housing has received various industry recognitions in India and internationally for its landmark projects and contribution to the real estate sector.
Raheja Developers
Raheja Developers is a prominent Real Estate company in India, founded in 1990 by Mr. Navin M. Raheja. The company has set many benchmarks in the industry, ranging from luxury housing to affordable homes for the underprivileged. They have also built India’s tallest skyscrapers and a plotted township spanning 165 acres.
Raheja Developers has partnered with renowned names in construction, design, architecture, cinema, and hotels. They aim to design innovative green buildings and bring in international construction and technology partners. Raheja Developers was one of the first companies to bring affordable housing to Haryana under the Pradhan Mantri Awas Yojana and Deen Dayal Jan Awas Yojana.
Over the past 30 years, Raheja Developers has delivered approximately 30 million sq. ft. of construction inventory across all segments, and another 20 million sq. ft. of the area is under execution for future developments. The company has already delivered over 7,500 units and plans to deliver another 8,400 units in the next 2 to 3 years.
Ashiana Housing
In 1979, India began shifting into the neoliberal era, and the middle class was eager for affordable, high-quality housing. However, options were limited, prompting Om Gupta to establish Ashiana Housing as a solution.
Ashiana Housing aimed to provide middle-class homeowners with amenities typically reserved for higher-income group housing, such as top-notch construction, well-manicured lawns, extensive green spaces, children’s play areas, swimming pools, clubs, and a full range of maintenance services, as well as a calendar of social activities for the entire family.
As Ashiana Housing’s bottom line improved and received numerous accolades, the company also launched a unique initiative: pioneering the retirement home movement in India. This allowed seniors to live safely, actively, enjoyably, and comfortably in their golden years. Ashiana Housing prioritises needs over trends, quality over quantity, and people over profit margins.
Parsvnath Developers Limited
Parsvnath Developers Limited is a prominent real estate and construction company in India that has gained immense success over the past four decades. The company is known for transforming barren tracts into landscaped green belts, offering world-class commercial, residential, and recreational properties.
Parsvnath Developers Limited is a pan-India company that creates architectural wonders using cutting-edge technology and global practices. They offer affordable and holistic solutions for their customers and partners, covering residential, commercial, and infrastructure projects. They aim to build magnificent landmarks whilst contributing to regional and national development.
Ultimately, Parsvnath Developers Limited’s vision is to make the world a better place by transforming and uplifting the quality of living for every individual they encounter.
K Raheja Corp
K Raheja Corp is a renowned developer in India with a success story spanning over four decades. The company has significantly impacted modern-day living by creating exquisite residences, adaptive workplaces, skilfully crafted hotels, convention centres, and outstanding retail destinations.
K Raheja Corp is a green development pioneer committed to constructing environmentally friendly buildings. The company has developed large green expanses across the country and has received recognition for its buildings’ Gold and Platinum certifications. Additionally, the company prioritises its employees’ engagement and fulfilment with exemplary HR policies.
With the upsurge in the Indian real estate sector, K Raheja Corp is one of the main proponents that will level the playing field for India with other developed economies. The company aims to be a trusted leader in the realty industry, creating inspiring landmarks that push the limits of real estate and uncover new horizons of commercial and residential realty.
Hiranandani Constructors
The Hiranandani Group is a leading real estate developer in India with over 40 years of experience in the industry. Established in 1978, the group has earned the trust of its customers, which has been the foundation of its success. The group is known for incorporating technological innovations in its real estate projects to provide precision and excellence to its customers.
The Hiranandani Group aims to create integrated townships and diverse experiences in education, healthcare, hospitality, retail, and entertainment whilst continuously providing superior value to its customers, business associates, society, and stakeholders. The goal is to become a trusted brand associated with healing, good health, and quality education.
Piramal Realty
Piramal Group is a global conglomerate interested in pharma, financial services, and real estate. They are in over 30 countries and are known for responsible business practices.
They collaborate with leading experts in the real estate sector and have received a massive investment of approximately USD 235 million, making it the largest private equity funding in Indian real estate since 2008.
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Frequently Asked Questions
Currently, the Indian real estate market is capping at $0.33 trillion, projected to grow to $1.04 trillion by 2029.
Indian market is facing a positive shift in the real estate market with several notable trends like digital house hunting and modelling, migration to suburbs for more spacious livings, decrease in mortgage pricing and more.
From expanding at $200 billion in 2021 to the estimated potential of reaching $1 trillion by 2030, the Indian real estate market depicts huge potential for growth with huge profits returns on investments.
Conclusion
India’s real estate industry has several top players driving the market forward. These companies have established themselves through notable projects, a commitment to corporate social responsibility, and a focus on innovation and sustainability. Whether you are a first-time homebuyer or an experienced investor, it is essential to know which companies are leading the way in the Indian real estate industry. By keeping an eye on these top 10 real estate companies in India, you can make informed decisions about investing in property in India.
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