Top 10 Real Estate Companies in India 2015

Published by MBA Skool Team, Last Updated: June 20, 2016

Here is a list of the top 10 real estate companies in India 2015. Real estate is one of the most important sectors in the Indian economy with housing sector alone contributing 5-6 percent to the country’s GDP. Its value has been increasing through the years and is expected to touch US$ 180 billion by 2020. Retail, hospitality and commercial real estate segments are growing significantly in the real estate space. There are big players in India like DLF, Oberoi Realty and Prestige leading the sector with some emerging players like Brigade and Omaxe establishing their mark in the sector. 


10. Brigade Enterprises

Brigade Enterprises is one of the most recognized property developers in South India. It is a flagship company of the Brigade Group.


Image: company site


Brigade group was founded by M. R. Jaishankar in 1986. It has its headquarters in Bangalore. The group has a huge base in South India especially Mysore, Mangalore, Coimbatore, Chennai, Hyderabad, Kochi. It also has its presence in Dubai. The group has a diverse portfolio that covers property management services, education, property development, hospitality and others. It has a partnership with Housing.com, a growing real estate portal, for an exclusive online sale offer of Brigade NorthRidge and Wisteria. Brigade Enterprises Limited (BEL), Brigade Hospitality Services Limited (BHSL), WTC Trades and Projects Limited, Orion Mall Management Company Limited, Brigade Tetrarch Private Limited are some of the companies under the Brigade Group umbrella.

Brigade Enterprises is a public limited company that has been highly successful in developing real estate projects in different segments like residential, retail, commercial and hospitality. It has completed over 100 projects spanning an area of about 18, 58,045 sqm. There are many projects coming up from the company which are presently in different stages of conceptualization and creation. These include integrated enclaves, state of the art software and retail facilities, luxury apartments, SEZs, resorts, clubs, serviced residencies, schools and 5-star hotels.

The company has won many awards for its efforts in the real estate space. Some of them are Best residential, commercial and retail projects in Bangalore awards at CNBC AWAAZ Real estate Awards 2012. The company is also associated with several CSR initiatives it carries out under the name of Brigade Foundation which focuses on the areas of education, health and community development.

Market value: INR 1676.62 crores

9. PNC Infratech

PNC Infratech is one of the leading infrastructure construction, development and Management Company in India.


Image: company site


They have a proven experience in the execution of many major infrastructure projects. Their projects include bridges, airport runways, highways, flyovers, bridges, power transmission lines and other related infrastructure undertakings. The company has executed its projects in 13 states in the country like Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu.

The company was incorporated in 1999. Their primary business focus is to provide end-to-end infrastructure implementation of their projects which include EPC (engineering, procurement and construction) services. They implement projects on different formats like DBFOT (Design-Build-Finance-Operate-Transfer), OMT (Operate-Maintain-Transfer) and other PPP formats.

Their vision is to be in the top five infrastructure development and construction providers in the country by 2020. Though they are into various areas of infrastructure development, they are primarily engaged in the fastest growing areas of infrastructure like Highways & Bridges, Airport Pavements, Rail Freight Corridors, Power Transmission, and Industrial Area Development. These areas remain to be the most focused ones in order to reach their vision in 2020. Diversifying and expanding into new functional areas also remains as its growth strategy for future.

Some of their key clients are National Highway Authority of India, RITES Ltd, Airports Authority of India, Military Engineering Services and other state authorities.

They received certification of ISO 9001:2008 for quality assurance from DNV. They also received a SS (Super Special Class) Accreditation for civil engineering works from Military Engineering services.

Market value: INR 1936.25 crores

8. Omaxe

Omaxe is an Indian real estate company having its registered office in New Delhi.


Image: social media page of company


It has its footprints in 27 cities across 8 states in India. Their portfolio includes Group Housing, Shopping malls, Office Spaces, Integrated Townships, SCOs and Hotel projects. Its projects span about 95.2 million square feet in real estate and construction contracting. The company has 39 ongoing projects- 13 Group Housing, 16 Townships and 10 other commercial spaces. They currently have a land bank of nearly 4000 acres and show a consolidated income of over 1400 crore rupees on their balance sheet.

It was incorporated on March 8 in 1989. At the beginning, it was registered in the name of Omaxe Builders Private Ltd under the Companies Act, 1956. But later the name was changed to Omaxe Construction Private Ltd. They converted to a public company on August 10,1999 by passing a special resolution approved by Registrar of Companies. The company’s name was changed again in 2006 as Omaxe Limited.

Their vision is to be a trusted leader in the real estate space contributing toward s the development of India. Whereas their mission is to provide customer satisfaction and value to the stakeholders through professionalism, quality, social responsibility, transparency and cutting-edge technology.

The company has been increasing its footprint in the past decade by spreading across the Tier I and II cities of India and dealing with diverse range of projects catering to affordable segments. It has presence now in states like Uttar Pradesh, Madhya Pradesh, Punjab, Haryana, Uttarakhand, Rajasthan, Delhi and Himachal Pradesh.

Market value: INR 2438.98 crores

7. Indiabulls Real

Indiabulls Real is a part of the Indiabulls group which has it presencein sectors like real estate, housing finance, securities and infrastructure.


Image: company site


The group has its headquarters situated in Gurgaon and its corporate office in Mumbai. Indiabulls group is an Indian conglomerate featuring into different sectors which was founded by Mr. Sameer Gehlaut in 1999. Indiabulls Housing Limited, Indiabulls Ventures Limited and Indiabulls Real Estate Limited are its independently listed companies. The group has a net worth over 15000 crores and has always been among the top dividend paying groups in India.

Indiabulls Real was incorporated in the year 2005 with a business interest in development of residential and commercial projects across major cities in India and London. It is one of largest real estate companies in India by net worth and assets.

The company has its presence in key Indian metros like Mumbai, Delhi and Chennai. It has thirty one going projects spanning about 73 million square feet. Additionally the company has 2588 acres of SEZ land at Nashik and an additional land bank of 1017 acres.

It has two built 2 iconic towers in Mumbai. One is the Indiabulls Centre and the other the Indiabulls Financial Centre with over three million square feet space. The company has acquired 22 Hanover Square recently in Central London for 1630 crore rupees.

The company has partnered with Farallon Capital Management LLC recently to bring the first Foreign Direct Investment into real estate in India. It is also listed on the Bombay Stock Exchange and Singapore Stock Exchange.

Market value: INR 2613.10 crores

6. Sobha

Sobha Limited, formerly known as Sobha Developers, is a real estate company in the business of construction, development and sale of several real estate projects.


Image: social media page of company


It is headquartered in Bangalore. It projects include residential areas and housing projects, commercial premises, townships and others. It also carries manufacturing related activities related to interiors. The idea behind this is to provide backward integration to its turnkey projects. Though it involves in other manufacturing related activities its prime focus always remains to be on residential and contractual projects.

The company has successfully been part of over hundred real estate projects and 262 contractual projects spanning nearly 70.6 million square feet of area. The company currently has huge developable and saleable projects on hand spanning about nearly 42 million sq. feet of developable area and 26.5 million sq. feet of saleable area. It has also has contractual projects spanning about 9.31 million sq. feet of area going on presently which are under various stages of construction. The company has its real estate presence in nine cities in India including Bangalore, Chennai, Thissur, Coimbatore, Gurgaon, Pune, Mysore, Cochin and Calicut. It also has its presence in Dubai with its operations running in Oman.

Sobha’s long term growth and performance is achieved with its strategy of backward integration. Its real estate development project business is thoroughly supported by the in-house production of glass works, metal works, glazing materials etc.

Sobha Limited has also been known for its CSR activities. It runs a public charitable trust, the Sri Kurumba Educational and Charitable Trust.

Market value: INR 2977.71 crores

 5. HDIL

HDIL is a Mumbai based real estate company having its focus on residential projects construction and development and more recently commercial and retail projects.


Image: company site


It also has its projects in Slum Rehabilitation and Development and Land Development. In slum development it undertakes activities like clearing slum land and rehousing slum residents while in Land Development its activities include development of infrastructure on land which the company sells to other developers. It has its own in-house development team covering all the operations like identification of the project and its inception through developing and completing it for sale.

It was incorporated in 1996, and from its inception it has been majorly focusing its business geographically in the Mumbai Metropolitan region. It has developed twenty three projects covering as much as 20,000,000 square feet of saleable area. It also, under the slum rehabilitation schemes, has constructed an additional twenty lakh sq. feet of rehabilitation housing area

Their projects for residential purpose generally comprise of apartments and towers. They also build and develop multi-purpose “township” projects. Certain office spaces and multiplex cinemas are a part of their commercial projects. Their retail projects are general shopping malls. They have built some huge shopping malls in and around Mumbai. They follow a model of “build and sell” for the development properties.

They have always been concentrating on Mumbai Metropolitan region as their prospect for development projects but now they are expanding into cities like Kochi and Hyderabad as a part of their growth strategy. They are also considering their expansion into hotel projects and SEZ development projects which are large and may help greatly their growth prospects.

Market value: INR 3033.59 crores

4. Godrej Properties

Godrej Properties Limited, a part of Godrej Group, is one of the most renowned real estate companies in India.


Image: company site


It has its head office in Mumbai. It follows the Godrej’s philosophy of bringing innovation and excellence to the work they take up. It witnessed good growth in the recent years with its net profit increasing by more than 100% and total income growing than more than 5% in 2014.

The company was first founded as Sea Breeze Constructions and Investments Private Limited in 1985. It has later changed its name to Godrej Properties and Investments Private Limited in 1990 in accordance with a special resolution of the shareholders. Subsequently the name changed to Godrej Properties Limited in 2004. It is a listed company on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). It is also the first real estate company with ISO certification in India.

The company currently has its projects developing in twelve major cities of India including Bengaluru, Chandigarh, Ahmedabad, Nagpur, Pune, Kochi, Chennai, Hyderabad, Gurgaon, Kolkata, Mangalore and Mumbai. Presently its development area covers more than 8 million square meters. It also collaborated with reputed companies for some of its ventures. It un

Mr. Adi B. Godrej is the Chairman and Mr. Pirojsha Godrej is the Chief Executive Officer of the company. Its business strategy is to have a diversified portfolio leveraging brand & group association building iconic structures with a superior execution. Its strategy also includes outsourcing support functions and properly managing the risk in land sourcing.

Market value: INR 6164.96 crores

3. Prestige Estates

Prestige Estates Projects Ltd. is a flagship company of Prestige Group.


Image: company site


It is one of the leading developers in South India featuring into Commercial, Hospitality, Residential and Retail sectors. It is a Bangalore based company with its corporate office in The Falcon House. The company has finished over 180 projects till now spanning the developed are to an extent of 61 million square feet. It currently has 57 ongoing projects spanning about 60 million sq.ft. It also has 43 more projects coming up in the future covering several asset classes like Shopping malls, Apartment conclaves and Corporate Offices.

Prestige Group was founded by Razack Sattar in 1956. The Group was started with Prestige House for Men as a fabric selling shop in Bangalore. It later had a substantial growth in 1960s and 70s with his sons Irfan Razack and Rezwan Razack joining the business. It ventured into real estate business in 1986 by founding Prestige Estates projects with its first project Prestige Court in KH road in Bangalore.

It received several national and international awards for its efforts in the development sector across 11 various categories.It has developed several commercial and residential spaces in several South Indian cities like Bangalore, Hyderabad, Chennai, Mysore etc. Some of their important projects are UB City, Prestige Acropolis, The Forum, The Forum Value, Prestige Golfshire etc. It recently received Crisal DA1 Developer Rating for the quality and the timely delivery of its projects. It is the only company in India in property development sector that has received this rating.

Market value: INR 7421.25 crores

2. Oberoi Realty

Oberoi Realty is one of the premier real estate developers in the country based in Mumbai.


Image: company site


Its interests lie in developing residential, hospitality, retail, office and infrastructure properties in Mumbai. It has completed over 38 projects that aggregate to around 9.16 million sq. feet of spaces across Mumbai. It also has aggressive plans for its growth in future with another 20.61 million sq. feet in the construction and planning phase across Mumbai and other regions.

The company is led by Vikas Oberoi, one of the richest billionaires in India. It was incorporated as Oberoi constructions in early 1980s by his father. He took over the company in 1997 and led the company in growth route by developing several residential and commercial projects. He presently has 75% stake in the Oberoi Realty. Morgan Stanley’s real estate arm invested $152 million for a 10% stake in the company recently. Oberoi Realty Limited has been listed on the Bombay Stock Exchange in 2010.

Oberoi Realty has been a part of developing several prestigious projects in the real state sector in India. Oberoi Garden City which is an 80-acre complex stands as a showpiece for the company. The second tallest tower in India, Oasis Tower, was also developed by Oberoi Realty.

Oberoi Foundation, a social initiative by Oberoi Realty was started in 2006. It focuses on promoting education and medical facilities through different programs. Oberoi International School is also an initiative of the company. Oberoi International School is also an initiative taken by the Oberoi Foundation.

Market value: INR 8000.12 crores

1. DLF

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


Ranking Criteria:

The following is the list of the top 10 real estate companies in India according to market value.


NEXT: Top 10 Real Estate Companies in India 2016

This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

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