Delhi Land and Finance Limited (DLF) is the largest real estate player in India with more than 20,000 crores of Market Capitalization.
Image: company site
It builds retail, office and residential properties. It is now present in 24 cities in India across 15 different states. The company presently has 45msf of projects under construction along with 290 msf of planned projects.
DLF is a Delhi based company founded by Chaudhary Raghvendra Singh in 1946. Its first venture was Krishna Nagar in Delhi which was successfully completed in 1949. With that success, it took long leaps in real estate construction in the subsequent years developing 21 colonies in Delhi which included colonies in some well-known areas like Kailash Colony, South Extension and Greater Kailash. Its growth in other cities came as a consequence of the passage of Delhi Development Act in 1957, which stated that government will assume control in all the real estate activities in Delhi. It made DLF to move beyond Delhi for more opportunity, as it next zeroed on the surburbs of Gurgoan in Haryana which offered a potential for the development of residential and commercial properties. It then moved onto other cities in India by expanding its base in 15 states presently becoming the largest player in the industry.
Kushal Pal Singh heads the company. DLF has come for a IPO of $2 billionn in July 2007 which was considered as the biggest IPO in India’s history at that time.
It is also well known for developing IT and ITES parks on world standards that made it a preferable destination for corporate giants like IBM, Bank of America, Microsoft, GE and others for setting up their offices
Market Cap: INR 20334.15 crores
The following is the list of the top 10 real estate companies in India according to market value.