India's real estate market has emerged as a global powerhouse, surpassing China in the number of $1 billion-plus realty companies. With 36 such firms, up from 7 six years ago, the sector showcases robust growth and investor appeal. Factors like urbanization and infrastructure drive this boom, while China faces headwinds. Top players include DLF, Macrotech, and IHCL. Women leaders are also making their mark, with Brigade Enterprises and Taj GVK. As one of the most diverse real estate landscapes, India's market continues thriving, solidifying its global standing.
In a remarkable feat, India's burgeoning real estate market has emerged as a global powerhouse, surpassing China in the tally of homegrown realty companies valued at $1 billion or more. This impressive milestone underscores the sector's robust growth and growing attractiveness to both domestic and international investors.
"India is home to 36 such realty companies, climbing from just 7 six years ago," highlighted the latest data compiled by the Hurun Research Institute. The list includes industry leaders such as DLF, Macrotech Developers, and Adani Realty, showcasing the diversity and dynamism of the Indian real estate landscape.
The surge in the valuation of Indian realty companies is a testament to the country's thriving real estate market, driven by factors such as urbanization, infrastructure development, and evolving consumer preferences. Notably, while India's real estate sector continues to flourish, China's market is facing significant headwinds due to government interventions and a slowdown in demand.
"With a value of ₹2 lakh crore, DLF emerged as India's most valuable property developer. Macrotech Developers at ₹1.4 lakh crore, and Indian Hotels Company (IHCL) at ₹79,150 crore are at the second and third spots, respectively in the 2024 GROHE-Hurun India Real Estate 100," the report revealed.
The data also highlighted the growing presence of women leaders in the industry, with Bengaluru-based Brigade Enterprises, led by Pavitra Shankar, and Hyderabad-based Taj GVK, led by G Indira Krishna Reddy, being the only two women-led companies in the top 100.
Moreover, the list showcases the remarkable diversity of the Indian real estate sector, with the youngest company, Noida-based Max Estates and Gurugram-based Smartworks, both founded just eight years ago, and the oldest, Peninsula Land, founded in 1871 and valued at ₹1,830 crore.
As the Indian real estate market continues to flourish, it has become an increasingly attractive destination for both domestic and global investors. This growth trajectory is expected to continue, solidifying India's position as a leading player in the global real estate landscape.
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