In the latest rankings, DLF sits at position 30 as India's foremost real estate developer, followed by Macrotech Developers at position 58 and Godrej Properties at position 105.
This list, released by Burgundy Private and Hurun India, evaluates fifteen prominent real estate companies in the nation. Ranking high, DLF, Macrotech, and Godrej Properties are among these influential players.
Reliance Industries maintains its standing at the top with a formidable market capitalization of Rs 15.65 lakh crore, while Tata Consultancy Services holds second place with Rs 12.4 lakh crore, followed closely by HDFC Bank, valued at Rs 11.3 lakh crore.
Inclusion criteria for the 2023 Burgundy Private Hurun India 500 list required companies to surpass a minimum market capitalization of Rs 6,700 crore based on last year's figures.
Within the real estate category, DLF occupies number 30, and Macrotech Developers follows at 58. Godrej Properties ranks third in this segment at position 105.
Further down the list, Oberoi Realty is placed at position 115, and The Phoenix Mills checks in at 138. Prestige Estates Projects finds its ranking at 151, while Bagman Developers stands at number 230 and Mindspace Business Parks REIT at number 228. Embassy Office Parks REIT appears at number 154.
The rankings continue with Brigade Enterprises at 275, DB Realty at 428, Signature Global at 451, NoBroker at 455, AnantRaj at 462, and Sobha at position 500.
This year has notably witnessed shifts in the real estate landscape, including three new market entrants, underscoring a dynamic industry. Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, remarked, "It is impressive that nine major companies have seen significant wealth growth. With an outstanding 70% lead, DLF closely follows Prestige Estate Projects at 44% and Microtech Developers at 54%."
Furthermore, he highlighted, "Mumbai and Bengaluru each host six real estate firms, pointing to the vitality of these markets. The overall progress in the sector plays a significant part in boosting India’s GDP, showcasing how vital the industry remains in the country’s economic framework. Trends are indicating an optimistic future, marking a thrilling period for the real estate sector."