DLF is the largest real estate company in India and has its headquarters in New Delhi.
Image: company website
The company was incorporated in 1946 by Chaudhary Raghvendra Singh and Kushal Pal Singh is the current Chairman of the company. Krishna Nagar in East Delhi was the first project of the company which was completed in 1949 and since then it has developed 22 major colonies in Delhi.
It has now presence in 15 Indian States including 24 cities. The company has plans for projects covering 284 msf area of which 41 msf area of project work is already under construction. The business of the company is broadly classified into two- Development Business and Annuity Business. The Development Business encompasses Homes and Commercial Complexes. The Homes business offers houses in the super luxury, luxury and premium segments and includes apartments, row houses and duplexes.
The Annuity Business is primarily rental business of offices and retail. The company has projects in six business lines – homes, offices, commercial, malls, leisure and hospitality. The company has established DLF Foundation as a part of its social responsibility towards society and the foundation runs number of programs and campaigns for the underprivileged sections of the society. The DLF foundation has taken many initiatives in education, healthcare and environment sectors for the upliftment of the people and also the nation.
Some of the awards won by the company in 2016 include “Developer of the decade” award for Cybercity (Gurugram) by CNBC Awaaz real estate awards, “Shopping mall of the year” for DLF Promenade by the Franchise India at the 5th edition of Indian retail Congress, “Project of the year” for DLF Mall of India by Franchise India Group and “India’s 50 great workplaces” for DLF Universal limited by Quantum.
Market Capitalization Value: INR 23902.27 Crores
The leading real estate companies in India were considered and based on their latest market capitalization value, they were ranked to find out the top 10 companies.