Real Estate Companies: The Best Names In The Industry
One of the biggest sectors in this nation is the Indian real estate industry. The contribution of real estate India to the GDP (Gross Domestic Product) of the country is anticipated to be nearly 6.5 to 7 percent, therefore generating millions of jobs. It is said that after agriculture, the real estate industry in India is the second highest employer. With that, let us have a look at the top 10 real estate companies in India that are ruling this space.
Experts of the Indian market anticipate that the industry is poised to evolve nearly 20% over the next decade. For the last decades, top entities in real estate are aiming to match the demand from the sector for office space along with urban and semi urban accommodations. The construction industry of India ranks third among the 14 basic sectors with respect to direct, indirect, and induced impacts on the economy.
Along with that, experts believe that the real estate industry in India is bound to bring in profit, especially from the NRI (non-resident Indian) investments. Bengaluru is among the top picks for property investments by NRIs which is followed by Ahmedabad, Chennai, Kolkata, Pune, Goa, Delhi, and Dehradun.
Top 10 Real Estate Companies In India
This section is about the top real estate companies list in India. The total size of this industry is at USD 170 billion (Rs 12,24,000 Cr). Being the second largest employer in this country, this industry holds a significant place in the commercial system of the country, and any alteration within this industry impacts the economy directly. This list has been derived from the top 50 real estate companies in India. But if you are looking for real estate companies in USA, then this is not the right article for you.
1. Ansal Properties and Infrastructure Ltd
The first real estate company in India is Ansal Properties and Infrastructure Ltd. The entity was formed in 1967. Ansal Properties and Infrastructure Ltd are associated with the real estate development and promotion in the commercial and residential segment. It functions in a section of business verticals like condominiums, group housing, integrated townships, malls, shopping complexes, special economic zones (SEZs), hotels, information technology (IT) Parks, and also infrastructure and utility services. The entity is among the leading Realty and Infrastructure entities in India.
2. Brigade Enterprises Ltd
Brigade Enterprises Ltd was established in the year 1986 by M.R. Jaishankar. It is headquartered in Bangalore. Its services and product range involve leisure & hospitality, commercial offices, apartments, retail, shopping malls, and villas. It is the flagship entity of Brigade Group. Brigade Enterprises Ltd representative office is in Dubai and also the branch offices are in various cities of South India. It is among the top 10 real estate companies in India.
3. DLF Ltd
It is among the top 10 real estate companies in India. DLF Ltd was established in 1946 by Chaudhary Raghvendra Singh. It is building offices, hotels, shopping malls, apartments, golf courses, and infrastructure. The first residential project of DLF was in Krishna Nagar, East Delhi, which was finished in 1949. The entity is popular for IT and ITES which are the preferable destinations for Bank of America, IBM, Microsoft, GE, and others for creating their offices.
4. Godrej Properties Ltd
Godrej Properties Ltd was established in the year 1990 by Adi Godrej. It has its headquarters in Mumbai, India. Its primary products are residential buildings, townships, and commercial complexes. This company is a subsidiary of Godrej Industries Ltd. The entity is functioning across varied Indian cities that include Mumbai, Bengaluru, Hyderabad, Kolkata, Nagpur, Pune, Chandigarh, Hyderabad, etc. The entity is among the top 10 real estate companies in India.
5. Indiabulls Real Estate Ltd
This company was founded in 2006. The entity is engaged in the creation of real estate projects and also allied activities. The operations of the company include real estate project advisory, project marketing, investment advisory, maintenance of fulfilled projects, industrial and technical consultancy, engineering, construction and development of real estate properties, and other ancillary and related activities. Now, the entity has developed as a global company.
6. L&T Realty Ltd
L&T Realty was established in 2011 and it has its headquarters in Mumbai, Maharashtra. The entity is the real-estate development section of Larsen & Toubro. The business has a presence throughout Southern India, Western India, and Chandigarh with many commercial, residential, and retail projects. The entity has constructed business parks, Transit-Oriented developments such as the Navi Mumbai – Seawoods Grand Central, and many other similar coveted residential complexes and buildings.
7. Oberoi Realty Ltd.
Oberoi Realty Ltd was established in 1980. It is headquartered in Mumbai, India. It operates with offices, hotels, apartments, golf courses, and also shopping malls projects. It is working with a huge number of projects throughout Mumbai. Some of its famous projects are
- Oberoi Gardens, Kandivali East
- Beachwood House, Juhu
- Oberoi Crest, Khar West
- Oberoi Parkview, Kandivali East
- Oberoi Splendor, a residential complex in Andheri East, and many more.
8. Omaxe Ltd
Omaxe Ltd was established in 1989 by Rohtas Goel. It is headquartered in New Delhi, India. It is associated with the construction of apartments, hotels, offices, villas, shopping malls, and penthouses. It is present throughout major Indian states. Some of the famous projects are-
- World Street Faridabad
- Omaxe Connaught Place
- Omaxe Heights
- Omaxe New Chandigarh etc.
9. Prestige Estates Projects Ltd
Prestige Estates Projects Ltd was established in 1986 by Razack Sattar. It has its headquarters in Bangalore, India. It is associated with the construction of
- Leisure & Hospitality
- Commercial Offices
- Shopping Malls
- Golf Course etc
The principal services or products involve the construction and development of Properties, Leasing of commercial items, and Share of profit or loss from the partnership entity. The entity functions in 5 segments: commercial, retail, hospitality, residential, and real estate services.
10. Sobha Ltd
Sobha Ltd was established in 1995 and is headquartered in Bangalore, India. The entity is associated with the development and construction of commercial and residential projects. The business is also involved in contractual projects. It is among the top 10 real estate companies in this country. Its divisions involve SOBHA Manufacturing and SOBHA Contracting. SOBHA Contracting offers end-to-end solutions beginning from the conceptualization of a project to its final satisfactory fulfillment. SOBHA Manufacturing consists of the Interiors Division, Glazing, and Metal Works Division, and also Concrete Products Division.
The residential industry in India has a cumulative sales of residential apartments standing at 2,44,830 units and new apartment releases at 2,33,387 units. With that let us have a look at the top 10 real estate companies in this country.