Real estate companies in India have become a streamlined and strong industry with growing demand for residential and commercial properties. The largest real estate companies have operations present in all the major cities. The top Indian real estate companies in India include brands like DLF, Lodha, IndiaBulls, Phoenix Mills, Prestige Estate etc. Here is the list of the top 10 real estate companies in India 2017 based on Income.
Quick Glance :
Top Real Estate Companies in India 2017 are
1st Place : DLF
2nd Place : Lodha Group
3rd Place : Phoenix Mills
4th Place : India Bulls
5th Place : Prestige State
6th Place : Sobha
7th Place : Brigade Enterprises
8th Place : PNC Infratech
9th Place : Godrej Properties
10th Place : Omaxe
For More details about rankings and parameters, read on.
10. Omaxe
Omaxe is one of the most trusted company in the real estate industry in India.
Image: company website
It was founded in 1987 by Rohtas Goel, current CEO is Mohit Goel and is headquarted in New Delhi. The company has delivered a construction space of 101 million sqft in real estate and construction contracting. Omaxe has its presence in 8 states and 27 cities dealing with projects such as integrated townships, Hi-Tech Townships, Group Housing, Shopping Malls, Office spaces, Hotels. Presently Omaxe is having around 40 ongoing real estate projects.
Some of the completed projects of Omaxe include Omaxe Heights, Omaxe Hills, Omaxe Riyaasat, Omaxe Spa Village, Royal Residency, The forest Spa. Some of the ongoing projects of Omaxe are Omaxe City-City Homes, Omaxe Palm Court, Omaxe Novelty Mall, Omaxe Avenue.
Omaxe has received the ‘International Arch of Europe Award’ and also special jury award for excellent contribution to Real estate.
Income (Crore): Rs 1659.2
9. Godrej Properties
Godrej Properties was founded by Adi Godrej in 1990 which is headquartered in Mumbai.
Image: company website
Pirojsha Godrej is the current Managing director of Godrej Properties, and the company has already delivered a constructed space of 90+ million sqft. Godrej Properties has its presence in 12 major cities across India. This includes Hyderabad, Pune, Mangalore, Ahmedabad, Bengaluru, Chennai, Kochi, Gurgaon, Nagpur, Mumbai and Kolkata. Some of the current ongoing residential projects of Godrej Properties include Godrej 24, Godrej Greens, Godrej Golf links, Godrej Emerald and 29 other projects. Godrej Properties has successfully completed around 12 residential projects and 7 commercial projects. Godrej has 3 ongoing commercial projects such as Godrej Eternia, Godrej BKC and The Trees.
Godrej Properties won numerous awards in different categories in real estate. Some of them include Change communications for the year 2017 at Chanakya awards, a Best commercial project at CNBC-AWAAZ Real estate awards 2016-17, India’s most admired brand 2016, and also Mr. Adi Godrej received the prestigious Golden Peacock Lifetime Achievement Award.
Income (Crore): Rs 1708.33
8. Brigade Enterprises
Brigade enterprises were founded in 1986 by Mr. M.R. Jaishankar who is also the current managing director of the company.
Image: company website
Brigade Enterprises is headquartered in Bangalore and deals with projects focussed on Residential, Commercial, Shopping malls and Hospitality. It has completed around 57 projects since inception with a total area of 9+ million sqft and it currently has 6 ongoing projects. Brigade Enterprises has its presence concentrated in south India with its branches located in Hyderabad, Chennai, Chikmagalur, Mangalore, Mysore, and Kochi. The company has around 17 subsidiaries located in southern India. Its income increased in this fiscal year owing to one of the subsidiary entering into an agreement with cornerstone bay east developers.
Some of the residential projects of Brigade Enterprises are Brigade Lakefront, Brigade, Cosmopolis, Brigade Rhapsody, Brigade Sonata, Brigade Meadows, and Brigade Omega. The commercial projects include Brigade gateway, Brigade Magnum and much more.
Brigade recently won two awards awarded by CNBC AWAAZ Real Estate Awards which are ‘Best Residential Project in Bengaluru City’ and ‘Best Residential Project in Hyderabad city’.
Income (Crore): Rs 1944.73
7. PNC Infratech Limited
PNC Infratech Limited was incorporated in 1999 and is headquartered in Agra, Uttar Pradesh.
Image: company website
PNC Infratech Limited has 10 Directors of whom Mr Pradeep Kumar Jain is the managing director and the Chairman of the company. Its journey started as PNC Construction Company Private Limited, and it went out to be public with the name PNC Construction Private Limited. In 2007, the name of the company was changed to PNC Infratech Limited. PNC Infratech Limited has numerous projects in Highway construction, Airport runways, Bridge construction, Power sector, Waste management and Industrial Area Development Projects. PNC Infratech Limited is known to complete projects on time. As a result it has been frequently given construction projects in Uttar Pradesh. Recently, PNC has been given two new projects by NHAI worth ₹2720 cr and ₹869 cr road projects in Uttar Pradesh and Madhya Pradesh. As with the new projects the share price of PNC has risen up.
PNC Infratech has received awards in terms of construction projects. Also, it received a bonus for completing some of the projects early. Some of the achievements include the ISO 9001:2008 certification for quality assurance.
Income (Crore): Rs 1964.88
6. Sobha Limited
Sobha Limited was formerly known as Sobha Developers.
Image: company website
Sobha Limited was founded by Mr. PNC Menon in 1995 and the current chairman is Ravi Menon. With around 22 years of experience in real estate field, Sobha Limited has successfully completed 117 projects covering around 70+ million sqft. The company is working currently on 33 ongoing projects with an area of 40million sqft. Sobha Ltd. has its presence in 13 states across 24 Indian cities. Sobha Limited has its operations in nine cities in India which include Bengaluru, Gurgaon, Chennai, Pune, Coimbatore, Thrissur Calicut, Cochin and Mysore.
The company has worked on very notable projects of WIPRO, Dell, Taj group of Hotels and ITC Hotels. Sobha Ltd. has an achieved some key milestones in 2017 such as ‘Best Professionally Managed Company’ (turnover> INR 100 crores), it also won Buyers vote of Trust by Track2Realty.
Sobha has been awarded 7 awards in 2017, some of which include Best Professionally Managed Company, Achievement Award for Social Development & Impact, Best construction Project award, Mall of the Year award, Outstanding Contribution in Real Estate, India’s First ever real estate best practices audit report.
Income (Crore): Rs 2215.3
5. Prestige Estate
Prestige Group was established in Bangalore, India by Mr. Razack Sattar in 1986.
Image: company website
Irfan Razack is the current managing director of the company with a workforce of more than 3700 employees. Prestige estates deal with projects related to Commercial offices, Apartments, Shopping Malls, Villas, Hotels, Golf courses and Leisure & Hospitality. Prestige estates swiftly completed 190+ projects spanning over 65 million sqft. Prestige estates currently have 50+ ongoing projects and almost 40+ upcoming projects mainly including Apartments, Shopping malls and corporate structures.
Prestige estates in mainly concentrated in south Indian cities such as Bangalore, Hyderabad, Chennai, Kochi, Mangalore and Mysore. Some of its projects include the UB city, Prestige Golfshire, The Forum, The Forum Value, Prestige Shantiniketan etc.
Prestige estate has been awarded 16 different awards for their business operations. Some of the awards include Premium Villa project of the year 2016 by NDTV Property awards, Best CEO award by Business Today Best CEO Awards, Super luxury Apartment project of Kerala, Dun & Bradstreet Corporate Award.
Income (Crore): Rs 2392.85
4. Indiabulls
Indiabulls Financial services were founded by Sameer Gehlaut who is the current chairman in 2000.
Image: company website
The Real estate business of Indiabulls was incorporated late in 2005 with about 2700 workforce. As of now, Indiabulls has a workforce of more than 7000 employees. The company mainly deals with Residential, Corporate and SEZ projects in the real estate division. The residential projects are concentrated in Mumbai, Delhi NCR, Chennai, Vizag, Ahmedabad, Hyderabad and Madurai. Indiabulls is coming up with one of a kind SEZ in Nashik which is the third biggest industrial park in Maharastra. As of June 2016, Indiabulls has completed almost 3 million sqft. of commercial construction in Mumbai alone. Recently in April 2017, Indiabulls real estate had plans for restructuring business to have a separate venture for commercial and leasing operations so that equal focus can be given to both the segments.
Indiabulls has received many accolades in the FY2016-17 for its excellent delivery of projects on time. Some of the awards include Luxury Project of the year from MAGPPIE ESTATE AWARDS, a Most admired upcoming project of the year from The Golden Globe Tigers 2016, the Residential property of the year, India’s most trusted brand 2016.
Income (Crore): Rs 2844.29
3. Phoenix Mills Limited
Phoenix Mills Limited started its operations as a textile manufacturing company in 1905.
Image: company website
Eventually, Phoenix Mills was listed on Bombay Stock Exchange in 1959 and started its real estate operations in 1987. Shishir Shrivastava is the current Group CEO & Joint Managing Director. Since 1987 Phoenix Mills has been very active in real estate market working for big companies like Pantaloon and Lifestyle to build 50000sqft departmental stores for each.
Phoenix Mills is mainly present in the southern metro towns like Mumbai, Bangalore, and Chennai. Phoenix mills limited mainly deals with projects in Retail, Hospitality, Commercial and Residential.
Some of the projects of Phoneix Mills include High Street Phoenix, Phoenix market city in Mumbai, Pune, Bangalore, and Chennai, Paladium Mall, The Centrium, Paragon Plaza, Art Guild House.
Some of the awards won by Phoenix mills Limited are Most Admired Shopping Centre of the Year: Non Metro-West – Phoenix Marketcity, Pune, Commercial Property of the year-West, Luxury Apartment Project of the year.
Income (Crore): Rs 4466.27
2. Lodha Group
Lodha group was founded by Mr. Mangal Prabhat Lodha in 1980 headquartered in Mumbai, India.
Image: company website
Mr Abhishek Lodha is the current managing director. Lodha Group, one of the famous real estate company in India has made its name from the world-class residential and commercial projects in India. Most of the Lodha Group projects are concentrated in Mumbai, with having presence in Hyderabad and Pune in India. Lodha group also has its international presence in London.
Lodha group has completed around 14 projects and 17 projects are under construction. Lodha group is known for the famous ‘The World Towers’ which is the tallest residential only structure in the world. Some other projects of Lodha group include Lodha Bellissimo, New Cuffe Parade, The Park in Worli Mumbai, Amara in Thane, Palave – India’s first greenfield smart city.
Lodha group has its presence in the corporate as India’s most trusted brand, Global leadership in Real estate award, National Safety Council Award, India’s Most Admired Builders award and much more.
Income (Crore): Rs 8500
1. DLF
Delhi Land and Finance Limited commonly known as DLF was founded by Chaudhary Raghvendra Singh in 1946.
Image: company website
Kushal Pal Singh is the current chairman and Tauseef Jamal is the CEO. It has a track record of 70 years of customer satisfaction, innovation and sustained growth to become India’s largest commercial real estate developer. DLF is currently present in almost 15 states i.e., almost in 24 cities. The business of DLF is mainly divided into 2 areas: Development business and Annuity Business. The development business mainly deals with Homes and Commercial complexes whereas the Annuity business deals with rental businesses of offices and retail. DLF broadly has projects of homes, offices, commercial, malls, leisure, and hospitality.
DLF had been one of the sponsors for IPL in its initial stages for 5 years. DLF has been very active from 2008 in building luxurious malls and entertainment destination in NCR. Recently in 2016 DLF launched DLF Mall of India which is the biggest mall in India in terms of the space the mall is spread.
DLF has won a number of awards in 2007. Some of these include Best Food & nightlife Development Award which was awarded by Times Food Awards 2017. It also won awards such as Luxury Project of the year, Residential Property of the Year, the Retail property of the year (North), Mall of the year(North).
Income (Crore): Rs 8924.92
Rank Methodology
1. The leading real estate companies in India are considered to analysis
2. The income of these companies are taken
3. The top real estate companies are ranked based on its income