Did you know the Indian real estate sector contributes around 7.3% to the country's GDP? What’s more? The sector is expected to h3grow, with projections estimating its value at $1 trillion by 2030. Rapid urbanization, technological advancements, and a growing middle class with evolving preferences fuel this growth.
Whether you're a real estate developer or brokerage firm owner, understanding the No. 1 real estate company in India is essential.
In this blog, we’ll explore the top 10 real estate companies in India for 2024 and the trends shaping this sector's future.
Overview of the Real Estate Market in India
The Indian real estate sector is broad and diverse, including residential, commercial, and retail projects, and it has a considerable impact on the country's economic progress.
According to IBEF (India Brand Equity Foundation), the property market in India is projected to grow at a compound annual growth rate (CAGR) of 9.2% from 2023 to 2028.
As the market continues to expand, leading real estate companies are setting benchmarks for success. Among these, the No. 1 real estate company in India, DLF Ltd., stands out for its exceptional performance.
Top 10 Real Estate Companies in India for 2024
With more than 82,000 real estate companies operating in India, the following are the top 10 real estate companies for 2024, representing the industry's most innovative players. Take a look:
-
DLF Ltd
DLF Ltd. is the No. 1 real estate company in India and a pioneer in the Indian real estate industry. It is known for its large-scale integrated townships and commercial complexes. DLF has been instrumental in shaping the urban landscape, particularly in cities like Delhi and Gurugram. The company’s commitment to innovation and sustainability has kept it at the forefront of the industry.
- Market Valuation: ₹1.4 lakh crore
- Founded In: 1946
- Founded by: Chaudhary Raghvendra Singh
- Key projects:
- DLF City in Gurgaon
- DLF Mall of India in Noida, a luxurious shopping mall
- DLF Golf Resorts, prime properties managed by the company
-
Godrej Properties Ltd
A subsidiary of the Godrej Group, Godrej Properties Ltd is renowned for its sustainable practices and high-quality constructions. The company’s focus on green building certifications and innovative design has earned it a strong reputation in cities like Mumbai, Pune, and Bangalore. As of March 2023, Godrej Properties had 92 active and upcoming projects with a combined saleable area of ~200 million square feet across India.
- Valuation: ₹77,280 crore
- Founded: 1990
- Founded by: Adi Godrej
- Key projects:
- Godrej BKC in Mumbai
- Planet Godrej in Mumbai
- Godrej Garden City in Ahmedabad
-
Macrotech Developers (Lodha Group)
Macrotech Developers, also known as Lodha Group, is synonymous with luxury living in India. With a strong presence in Mumbai and other major cities, Lodha Group’s premium residential projects like the World Towers have set new benchmarks in luxury real estate.
- Valuation: ₹1.4 lakh crore
- Founded: 1980
- Founded by: Mangal Prabhat Lodha
- Key projects:
- Residential Projects - Lodha World Towers (Lower Parel, Mumbai)
- Lodha Park (Worli, Mumbai)
- Commercial projects - office spaces and retail properties across major cities in India and the UK.
-
Oberoi Realty Ltd
Oberoi Realty Ltd specializes in upscale residential and commercial projects, particularly in Mumbai. The company is known for its focus on integrating technology and innovation into its developments, which has helped it maintain a strong market position. It is one of the top real estate companies in India.
- Valuation: ₹66,200 crore
- Founded: 1998
- Founded by: Vikas Oberoi & Bindu Oberoi
- Key projects:
- Oberoi Splendor
- Oberoi Esquire
- Oberoi Prisma
-
Indiabulls Real Estate Ltd
Indiabulls Real Estate Ltd has made its mark with residential and commercial projects across major cities in India. Known for its luxury offerings, the company continues to expand its portfolio while maintaining a solid commitment to innovation and customer satisfaction.
Indiabulls Real Estate has successfully delivered 19 projects across India, spanning a developable area of approximately 30 million square feet. It has around 12 million square feet of unsold inventory across six cities and 15 projects and holds a land bank of over 3,000 acres near major metropolitans, making it one of the largest land banks among listed Indian real estate developers.
- Valuation: ₹ 8,446 crore
- Founded: 2006
- Founded by: Indiabulls Group
- Key projects:
- Indiabulls Daffodils Tower
- Indiabulls Blu Estate & Club
- Indiabulls Neo City
-
Prestige Estates Projects Ltd
Based in Bangalore, Prestige Estates Projects Ltd has been a significant player in South India’s real estate market. The company’s diverse portfolio includes residential, commercial, and hospitality projects known for their quality and design excellence.
- Valuation: ₹63,980 crore
- Founded: 1986
- Founded by: Irfan Razack
- Key projects:
- FORUM mall brand across several cities
- Prestige Aspen Greens
- Prestige Aston Park
-
Brigade Group
Brigade Group is another key player in the South Indian real estate market, focusing on the residential, commercial, and hospitality sectors. The company’s commitment to delivering value to its customers is evident in its high-quality projects and strong market presence.
Brigade Group has completed over 275 buildings, amounting to more than 80 million square feet of developed space. It continues to expand its footprint with ambitious plans, including an ₹8,000 crore investment in Chennai by 2030 to triple its project count there.
- Valuation: ₹ 27,796 crore
- Founded: 1986
- Founded by: M. R. Jaishankar
- Key projects:
- Brigade Orchards
- World Trade Center Chennai
- Brigade Gardens
-
L&T Realty Ltd
L&T Realty Ltd, part of the Larsen & Toubro conglomerate, is known for its premium residential and commercial developments. The company’s projects are characterized by sustainable practices and smart home systems, making it a leader in delivering innovative real estate solutions.
- Valuation: ₹5,06,328 crore
- Founded: 2007
- Founded by: Anil Manibhai Naik
- Key projects:
- Thane Slum Rehabilitation Project
- Parel and Sewri Projects
- BKC Mixed-Use Development
-
TATA Housing
TATA Housing is renowned for its focus on sustainable development and innovation. The company’s wide range of residential projects across various cities reflects its commitment to quality and customer satisfaction.
The company has completed over 31 projects and has more than 3.34 million square meters under development, reflecting its commitment to expanding its footprint in the real estate sector.
- Valuation: ₹637 crore
- Founded: 1984
- Founded by: Tata Group, a multinational conglomerate based in India.
- Key projects:
- Gurgaon Gateway
- Avenida
- Bhiwandi-Kalyan Corridor
-
1Ansal API
Ansal API is one of India’s oldest real estate companies, known for its large-scale township projects and integrated developments. With a rich history and a strong focus on quality and innovation, Ansal API remains a top player in the Indian real estate market.
- Valuation: ₹155 crore
- Founded: 1967
- Founded by: Rakesh Ansal
- Key projects:
- Ansal Pioneer City
- Ansal API Golf City
Key Trends Shaping the Indian Real Estate Market
Several transformative trends are redefining the Indian real estate landscape. These trends reflect consumers' changing demands, technological advancements, and a growing emphasis on sustainability.
Understanding these key trends is essential for industry players looking to stay competitive in this evolving market.
-
Technological Integration
The adoption of digital platforms, smart home systems, and blockchain technology is revolutionizing the real estate sector. Virtual property tours and automated home features enhance buyer convenience, while blockchain ensures secure, transparent transactions. These advancements are setting new industry standards and driving efficiency for real estate developers.
-
Sustainability and Green Building Practices
Sustainability is no longer just a trend; it’s a necessity. Developers are increasingly adopting eco-friendly construction practices, using renewable materials, and incorporating energy-efficient designs to minimize environmental impact.
The No. 1 real estate company (DLF Ltd.) in India is in charge of promoting sustainability.
-
Luxury Segment Growth
There is now a notable surge in demand for luxury homes above ₹1 cr, driven by high-paying jobs in IT / ITeS, BFSI, and other sectors. Luxury home sales increased by 75% in 2023. This trend reflects the growing demand for high-end properties driven by a more affluent population and a preference for spacious, well-appointed homes.
Also Read: Top 7 Real Estate Technology Trends In 2024
Challenges Faced by the Real Estate Industry
The real estate industry in India has seen considerable progress in recent years, but it still needs its share of challenges. These issues present real barriers to growth and can impact the sector's long-term viability, affecting everything from project timelines to housing affordability.
- Regulatory Compliance: The complex regulatory environment, including adherence to the Real Estate (Regulation and Development) Act (RERA), can be a significant hurdle for developers.
- Economic Fluctuations: The sector is vulnerable to changes in the economic landscape, such as fluctuations in interest rates, inflation, and overall economic slowdowns, which can impact both demand and supply.
Despite the challenges, the future of Indian real estate is poised for significant transformation, driven by technological advancements and supportive government policies.
The government initiatives to promote affordable housing and attract foreign investments are expected to bolster the sector, particularly in the commercial real estate segment. By embracing these trends, the Indian real estate market is not only adapting to current demands but also positioning itself for sustained growth in the years to come.
Also Read: 6 Challenges Faced by Real Estate Brokers in India 2024.
Conclusion
The Indian real estate sector is on a solid growth path, with the No. 1 real estate company in India playing a pivotal role in shaping the market. As the industry continues to grow and adapt to new trends, companies like DLF Ltd. and others in the top 10 list are leading the way in innovation, sustainability, and quality.
Additionally, if you wish to be a part of the best real estate companies, implementing a comprehensive CRM system can significantly transform your business operations. By leveraging Sell.do’s advanced CRM and marketing automation tool, you can enhance your efficiency, improve customer engagement, and navigate the complexities of a rapidly evolving market.
Schedule a free demo and start driving better results today!
Leave a comment
Comments (0)
Be the first one to comment.