Top 10 Indian real estate firms in 2024: Report

July 11 2024:  Hurun Report has released the 2024 GROHE-Hurun India Real Estate 100, ranking India’s most successful real estate companies by value. 

Anas Rahman Junaid predicted that India will become the top real estate hub in Asia by 2024, with 36 billion dollar real estate companies listed in the GROHE-Hurun India Real Estate 100, surpassing China's growth despite obstacles faced by China's real estate industry such as government restrictions and decreasing demand. India's competitive market is fueled by its youthful demographic, rising urbanization rates, and expanding middle class. Furthermore, the enactment of the Real Estate (Regulation and Development) Act (RERA) has increased transparency and accountability, resulting in improved investor trust. Among the top 10 Indian real estate companies, India's real estate sector is seen as a preferable and safe investment option, in contrast to China's market challenges such as oversupply, debt, and stringent government rules for developers. Top 10 Indian real estate firms - rewriting and maintaining word count

The GROHE-Hurun India Real Estate list for 2024 features India's top 100 real estate companies, specializing in residential, commercial, hospitality, and co-working sectors. The real estate market in India is thriving due to a rapidly expanding middle class, strong economic growth, and rising investments. By 2030, the middle-class population is estimated to reach 547 million, leading to a projected growth of 10-12% in residential sales by FY 2024-25. Increasing foreign investments totaling approximately U$ 4 billion annually are additionally fueling growth. Top 10 Indian real estate firms are in the spotlight.

As per the report, sixty out of the top 100 companies are expanding operations outside of their main state offices, showing a clear move towards building national brands in the real estate industry. Approximately six companies included on the list operate internationally. The findings of the report indicate that Indian real estate companies, benefiting from the Indian diaspora's strength, are in a good position to increase their international presence, a trend that is anticipated to gain momentum in the future. Top 10 Indian real estate firms are being rephrased.

The list showcases that entrepreneurs hailing from Tier-2 cities are forging some of the most impactful real estate enterprises in the nation with 5% of the entrants in 2024 GROHE-Hurun India Real Estate 100 hailing from Tier 2 cities. 

According to the report, the 2024 GROHE-Hurun India Real Estate 100 employs around 5,00,000 people, equivalent to the population of Maldives. Proximity to key transportation hubs such as airports, major highways, and efficient metro stations significantly influences both homebuyers and businesses seeking strategic locations. India plans to expand its national highways by 2,00,000 km by the year 2037, aiming to support the growth of small cities and enhance the real estate industry. The best companies in the real estate sector in India are ranked as the top 10 in the industry. Top 10 real estate companies in India are the top Indian real estate firms.

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According to the report, the 2024 GROHE-Hurun India Real Estate 100 employs around 5,00,000 people, equivalent to the population of Maldives. Proximity to key transportation hubs such as airports, major highways, and efficient metro stations significantly influences both homebuyers and businesses seeking strategic locations. India plans to expand its national highways by 2,00,000 km by the year 2037, aiming to support the growth of small cities and enhance the real estate industry. The best companies in the real estate sector in India are ranked as the top 10 in the industry. Top 10 real estate companies in India are the top Indian real estate firms.

Top 10 Indian real estate firms in 2024 GROHE-Hurun India Real Estate 100 

• DLF has emerged as the top real estate company in the 2024 GROHE-Hurun India Real Estate 100, with a valuation of Rs 2,02,140 crore. 
• Following DLF, Macrotech Developers holds the second position with a valuation of Rs 1,36,730 cr 
• Indian Hotels Company ranks third with Rs 79,150 crore.  Among the top 10 companies, 60% are headquartered in Mumbai, while two are based in Bengaluru and one each in Gurugram and Ahmedabad.

2024 GROHE-HURUN REAL ESTATE 100 – Top 10

DLF has achieved the top position on the 2024 GROHE-Hurun India Real Estate 100 list with a valuation of Rs 2 lakh crore, following a 72% increase in its valuation. DLF plans to introduce projects valued at around Rs 30,000 crore in the fiscal year 2025. Top 10 Indian real estate companies in the industry.

With a valuation of Rs 1.4 lakh crore currently, Macrotech Developers has experienced a 160% increase in valuation from last year, earning the 2nd spot in the 2024 GROHE-Hurun India Real Estate 100. Macrotech Developers, headquartered in Mumbai, achieved its highest-ever pre-sales amounting to Rs 14,520 crore in FY24. Rewrite the following text using the same input language and keep the same amount of words:
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IHCL, also known as the Taj Group, is ranked third in the 2024 GROHE-Hurun India Real Estate 100, with a valuation of Rs 79,150 crore, showing a 43% increase. IHCL oversees a variety of high-end, top-tier, and corporate hotels in India and around the world. The company will introduce two new brands and aims to inaugurate 85 hotels in fiscal year 2024-2025, with a focus on Tier-2 and Tier-3 cities. Top 10 Indian real estate companies, top-ranked Indian real estate firms

Godrej Properties, a subsidiary of the Godrej Group, is ranked fourth on the 2024 GROHE-Hurun India Real Estate 100 with a valuation of Rs 77,280 crore, which has doubled with a 100% increase. The company recently bought a 7-acre plot of land in Bengaluru for developing a housing project valued at Rs 1,200 crore. 

The Oberoi Realty, founded by Vikas Oberoi, ranks fifth in the 2024 GROHE-Hurun India Real Estate Top 100 with a valuation of Rs 66,200 crore. Oberoi Realty has entered the National Capital Region (NCR) for the first time by purchasing 14.81 acres of land in Gurugram, Haryana, at a cost of Rs 597 crore.

Prestige Estates Projects ranks sixth in the 2024 GROHE-Hurun India Real Estate 100, with a value of Rs 63,980 crore, after experiencing a remarkable 230% growth rate in the last year. The group's subsidiaries have partnered with Abu Dhabi Investment Authority (ADIA) and Kotak Alternate Investment Fund (AIF) in a Rs 2,001 crore deal to pursue projects with a gross development value (GDV) of Rs 18,000 crore in Bengaluru, Mumbai, Goa, and the Delhi-NCR region. Top 10 Indian companies in the real estate sector are being mentioned in the list.

Adani Realty, a member of the Adani Group, holds the seventh position in the 2024 GROHE-Hurun India Real Estate 100 list with a valuation of Rs 56,500 crore. Established under the guidance of Gautam Adani, the company has experienced a 62% growth this year and is the highest valued privately owned company on the list. Adani Realty was the top bidder this year for the redevelopment of a 24-acre plot at Bandra Reclamation land parcel, which was auctioned by the Maharashtra State Road Transport Corporation (MSRDC). Top 10 leading real estate companies in India

The valuation of Rs 55,740 crore has propelled The Phoenix Mills to the 8th position, showcasing an impressive growth of 112% in the last year. The company plans to strategically grow its commercial offices presence in five important cities in India, with the goal of adding a total of 5.1 million sqft of assets near its current retail malls within the next three years.

The K Raheja Group, established by Chandru Lalchand Raheja, holds the ninth spot in the current ranking, with a worth of Rs 55,300 crore. Having experienced a significant 65% increase in the past year, the company has solidified its position as a top developer of residential buildings, office spaces, malls, and high-end hotels in key Indian urban areas. K Raheja Corp has entered into a partnership to co-develop a 2.5-acre plot of land in Mumbai's Worli, with plans for a high-end residential project that could generate revenue of over Rs 2,000 crore. Top 10 real estate companies in India are being highlighted.

With a value of Rs 33,150 crore, Embassy Office Parks ranks tenth in the 2024 GROHE-Hurun India Real Estate 100, showing a 14% growth in the last year. The Embassy portfolio includes 36.5 msf of operating space and houses 255 top global companies. Embassy REIT, India's inaugural publicly traded REIT, recently revealed the purchase of Embassy Splendid TechZone Asset, a top-quality business park situated in Chennai, for a total price of Rs 1,269 crore. Top 10 Indian real estate companies are being rephrased and described using the same language.

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