DLF, Macrotech Developers, Indian Hotels Company and Adani are the most valuable real estate companies in India, according to the 2024 Grohe-Hurun India Real Estate 100.
DLF has a total valuation of Rs 2 lakh crore, followed by Macrotech Developers (Rs 1.4 lakh crore), Indian Hotels Company Ltd (Rs 79,150 crore), Godrej Properties (Rs 77,280 crore), Oberoi Realty (Rs 66,200 crore), and Prestige Estates Projects (63,980 crore), according to the Hurun report. Adani Realty is also the most valuable unlisted real estate company.
IHCL or Taj Group is the most valuable hospitality company in the Grohe-Hurun 2024 list.
“Among the top 10 companies, 60 per cent are headquartered in Mumbai, while two are based in Bengaluru and one each in Gurugram and Ahmedabad,” Hurun said in the report.
Anas Rahman Junaid, founder and chief researcher of Hurun India, said, “The 2024 GROHE-Hurun India Real Estate 100 confirm our prediction of breakout of Indian real estate brands post covid. An impressive 86 per cent of the companies in this year’s list saw their values increase, collectively adding Rs 6.2 lakh crore, showcasing the robust growth and dynamic recovery of the sector.”
India is accelerating to become the real estate capital of Asia, with 36 billion dollar real estate companies in 2024 GROHE-Hurun India Real Estate 100, pushing away China in terms of growth rate, whose real estate market is facing significant headwinds due to government clampdowns and demand slowdown, he added.
“With the middle class projected to reach 547 million by 2030, residential sales are expected to grow 10-12% in FY 2024-25. Rising foreign investments of around $4 billion yearly are further catalysing growth,” Junaid said.
