Top 10 largest real estate developers in India in 2024
The sector has been booming alongside the economy and is expected to grow further in the coming years. Companies have a huge role to play in this growth and are some of the most successful firms in the country. The Indian market saw many ups and downs in recent years, but there are still many big names that are doing well and expanding their operations. In this blog post, we will take a look at top ten companies.
1. DLF Limited:
DLF Limited is one of the biggest players, with operations across more than 60 cities. The company has a strong focus on properties and is also involved in development of commercial, retail and hospitality projects.“DLF was founded as Delhi Land & Finance on 2 October 1946 by Chaudhary Raghvendra Singh,” according to its website.
2. Oberoi Realty:
Oberoi Realty is a Mumbai-based firm that was established in 1992. It has developed many successful residential and hospitality projects over past nearly three decades.
“The Company’s primary business is development of properties for sale,” it said.
3. Godrej Properties:
Godrej Properties Ltd is another giant firm operating in Indian real estate industry.The company was founded as Sea Breeze Constructions and Investments Private Limited on February 8, 1985 by Sohrab Godrej.” Some of Godrej Properties’ notable developments include Garden Enclave project (Tower-51) which stands along Eastern Express Highway Thane West near Eastern Express Highway Toll Naka,” according to its website.
4. Prestige Group:
Prestige Group is another top developer that began its journey as an apparel store called Prestige Fashions back in 1986.The Bengaluru-based company has grown significantly since then.“Our completed projects include residential dwellings… commercial spaces… office towers… shopping malls… and a large convention centre,” it said.
5. Mahindra Lifespaces Developers:
Mahindra Lifespaces Developers is another key player in the Indian real estate industry. The company has only been around since 1994, but it’s already made a name for itself by specializing in sustainable urban communities and integrated townships.
The integrated townships that Mahindra Lifespaces creates are often of world-class quality and are meant to be good for both the environment and the local community. The firm’s more environmentally conscious approach to building has resonated well with homebuyers — many consider their developments to be the gold standard when it comes to real estate in India.
In addition to residential properties, Mahindra Lifespaces also develops commercial, retail, and mixed-use projects all over India. The company also provides real estate consulting services.
6. Sunteck Realty:
Sunteck Realty is one of India’s leading real estate firms. Founded in 2006, they’ve had some success early on by focusing on mixed-use properties. They have developed several properties across the country that include not just residential units but also commercial spaces, retail outlets, and hospitality services.
By completing over 30 m sq ft worth of projects so far, Sunteck Realty has proven its ability to execute large-scale developments. And with India’s burgeoning economy still growing rapidly, there will likely be plenty more opportunities to come as long as they can stay ahead of the competition.
7. Shapoorji Pallonji Real Estate:
Shapoorji Pallonji Real Estate (SPRE) operates under the umbrella of one of India’s largest conglomerates: Shapoorji Pallonji group. Though SPRE was only established in 2010, it has already become one of India’s top developers thanks to its wide array of large-scale projects.
Some of their most notable projects include a massive 18 million square foot development called “Joyville” in Gurugram City and a 22 million square foot project in the western state of Maharashtra. Experts predict that SPRE will continue growing at an impressive rate as it keeps adding new projects to its portfolio.
8. Wave City Center:
Wave City Center is a top real estate firm in India with a development history that dates back to 2007. Over the years, the company has built many cities and houses, most recently completing “Wave 8” in March 2020.
“Wave 8” is perhaps their most ambitious project yet. The complex boasts a completion date set for 2022 and will feature hotels, offices, retail outlets, and more. Located in Gurugram City, Haryana, Wave City Center aims to be known as one of the top Indian real estate developers.
9. Anant Raj Limited:
Anant Raj Limited may not be as well-known as some of these other firms, but it’s certainly a force to be reckoned with in the Indian real estate industry. The company was established all the way back in 1976 by Anant Raj group and has since developed several different residential properties across NCR including Delhi, Noida & Greater Noida.
10 Puravankara Projects Ltd:
Puravankara Projects Ltd is now one of South India’s leading real estate companies but it wasn’t always so successful. In fact, when two entrepreneurs — Mrjk Gala & Ashok Piramal — first founded Puravankara back in 1975 they only had two rented apartments to their name.
Times have changed for them though –– today they have sixty completed projects measuring over thirty-five million square feet! And just because they’ve accomplished so much doesn’t mean they’re anywhere near finished; Through three construction legs that are currently underway (including over ten thousand units), they still have an additional thirty-five million square-feet worth of development on their schedule!
