India has achieved a significant milestone in the global real estate sector by surpassing China in the number of billion-dollar real estate companies operating within its borders. According to the latest data from the Hurun Research Institute, the country now hosts 36 realty companies valued at US$ 12 million (Rs. 1 billion) or more, a substantial increase from just 7 companies 6 years ago. This growth underscores India’s burgeoning real estate market and its growing appeal to domestic and international investors, as highlighted in the 2024 GROHE-Hurun India Real Estate 100 report.
Mumbai leads the top 100 list with 33 companies, followed by Bengaluru with 15, New Delhi with 14, and Gurugram with 10. The qualifying threshold for the list was set at US$ 143.7 million (Rs. 1,200 crore), marking a 30% YoY increase. DLF emerges as India’s most valuable real estate company with a valuation of US$ 23.95 billion (Rs. 2 lakh crore), followed by Macrotech Developers at US$ 16.76 billion (Rs. 1.4 lakh crore) and Indian Hotels Company at US$ 9.48 billion (Rs. 79,150 crore), making it the top hospitality company on the list.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
