According to Screener, a stock analysis tool, 10 leading publicly listed real estate firms—including DLF, Godrej Properties, Prestige Estates, and Signature Global—reported property sales totalling approximately Rs 12,867.8 crore in the recent quarter, resulting in substantial net profits. This spectacular growth was driven by strong demand for residential properties, particularly high-end homes in major urban centres. Experts attribute the rise in sales in these top 10 companies to robust housing demand and a preference for firms with established track records of successful project execution. A report by Crisil projects an 8-10 percent sales growth for residential real estate developers this fiscal year, despite the challenges of rising interest rates and home prices. This growth is supported by a 4-6 percent increase in volume and a 3-5 percent rise in capital values.
Top developers in India
According to Screener, here are the top 10 listed real estate companies in India by market capitalisation:
DLF Limited
Founded in 1946, DLF Limited stands as one of India's most established and largest real estate firms, acclaimed for its premium residential and commercial developments. The company has been instrumental in shaping Gurgaon, a major commercial hub near Delhi. DLF’s diverse portfolio features shopping malls, luxury residences, gated communities, office spaces, and hotels. As a publicly traded entity on the NSE and BSE, DLF utilises its strong reputation, extensive experience, and broad portfolio to seize opportunities in the growing Indian real estate market.
Godrej Properties
Established in 1990, Godrej Properties has become one of India’s leading real estate firms, known for its innovative designs, high-quality construction, and dedication to customer satisfaction. The company has undertaken numerous commercial and residential projects across the country, building a solid reputation in the industry. Godrej Properties has garnered several awards, including the esteemed “Development of the Year” accolade from the National Real Estate Development Council (NAREDCO). With over 100 completed projects, it ranks among India’s top real estate companies.
Phoenix Mills
Phoenix Mills Ltd is a leading force in the Indian real estate sector. The company specialises in developing large-scale retail malls, entertainment complexes, commercial properties, and hospitality ventures. It handles every aspect of real estate development, from planning and execution to marketing, management, maintenance, and sales. Phoenix Mills manages a diverse portfolio across various cities, including Mumbai, Bangalore, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly, and Ahmedabad.
Prestige Estates
The Prestige Group is a leader in innovation within the real estate sector. The company has pioneered numerous landmark developments and introduced several firsts to South India. Prestige Group is a major player in the industry with over 300 completed projects covering more than 180 million square feet of developable area. The company has 56 ongoing projects across various segments, totalling 86 million sq ft of developable area. Additionally, it plans to launch 43 projects spanning 85 million sq ft and holds a land bank exceeding 728 acres as of September 2023.
Oberoi Realty
Oberoi Realty has mastered the art of creating high-quality, sustainable lifestyle standards. For over 40 years, the group has enhanced, uplifted, and inspired the daily lives of homebuyers with its innovative designs. Throughout these four decades, Oberoi Realty has built an unparalleled brand reputation through its aesthetic design and consistently high-quality construction, meeting international standards.
Brigade Enterprises
Since 1986, Brigade has been pivotal in transforming India’s real estate landscape with landmark developments across various sectors, solidifying its status as a leading industry player. Boasting a diverse portfolio that includes residential, commercial, hospitality, and retail projects, Brigade has established a distinguished legacy characterised by consistent excellence and superior quality. The company’s leadership in the industry is founded on its unwavering commitment to exceeding customer expectations. This customer-centric approach ensures that every Brigade development upholds the highest standards of elegance and sophistication.
Signature Global
Among the top real estate companies, Signature Global has emerged as a prominent player, significantly impacting the industry. Listed just last year, the company has quickly gained popularity among homebuyers and investors through its exceptional performance. Initially recognised for its affordable housing solutions, Signature Global has successfully ventured into the premium housing segment by launching two high-end projects: Deluxe DXP and Titanium SPR. These projects have set new benchmarks in Gurgaon's real estate market, achieving record sales of over Rs 3600 crore and Rs 2700 crore, respectively.
To date, Signature Global has delivered an impressive 10.4 million sq ft of housing area and has a robust pipeline of approximately 32.2 million sq ft of saleable area in upcoming projects. Additionally, the company has 16.4 million sq ft of ongoing projects slated for completion over the next 2-3 years. In FY24, Signature Global achieved sales bookings totalling Rs 72.7 billion, reflecting a remarkable sales CAGR of 62 percent from FY21 to FY24. Looking ahead, the company projects sales of Rs 100 billion in FY25 and anticipates revenue recognition of Rs 38 billion.
SOBHA Limited
Since its inception, SOBHA Limited has continually set new benchmarks in quality, customer focus, business ethics, and transparency. This unwavering commitment has solidified its position as India's most preferred real estate brand. For three consecutive years, SOBHA has been recognised as the leading brand in the Indian real estate sector. Furthermore, the company received top honours in India’s first-ever Real Estate Best Practices audit report by Track2Realty in 2017.
Anant Raj Limited
With a legacy spanning over fifty years, Anant Raj Limited has been instrumental in reshaping the real estate landscape. Headquartered in Delhi, the company is recognised as a leading developer in the country. Founded in 1969 as a construction firm, Anant Raj has undertaken major projects for the Delhi Development Authority (DDA) and other governmental entities. Over time, it has become one of the largest real estate developers in the Delhi and NCR region. Anant Raj is proud of its extensive land portfolio in the Delhi NCR area and its broad presence across nearly all facets of real estate development.
Valor Estate Limited (formerly known as DB Realty Limited)
Founded in 2007, Valor Estate Limited has rapidly emerged as a distinguished real estate developer in India. While impressive metrics support its growth, the company's legacy is being built on a solid reputation for excellence in residential, commercial, and gated community projects. Despite facing challenges, Valor Estate remains dedicated to delivering outstanding developments across all market segments and upholding its commitments to stakeholders.
The company’s growing portfolio encompasses over 100 million sq ft of prime real estate, meticulously developed by a team of 15,000 experts and overseen by more than 500 internationally and nationally recognised executives. This portfolio includes 35 exclusive projects delivered to nearly 20,000 customers. The majority of these projects are located in and around Mumbai and are at various stages of planning and construction.
To conclude, these companies have not only led the market but have also established standards for quality, innovation, and customer satisfaction. Their impact is crucial in propelling the growth of the Indian real estate sector, which is poised for continued expansion and evolution. As the Indian real estate market is projected to reach USD 1 trillion by 2030, the performance of these leading realty firms will be instrumental in defining the industry's future.
See our latest webstory on Top 10 real estate developers in India with record sales in 2024
