Top 5 Real estate developers in India
Real estate is the booming sector in India. A country facing population explosion and shortage of homes provides the best opportunities for real estate business. India needs a lot of homes to provide a roof to its vast populations. Many of us have questions regarding who is the biggest developer in India. Here is the glimpse of top five listed developers (Real estate) companies in India. The list is based on the market value of shares of these companies as on December 5th 2012.
DLF Market capital of Delhi Land and Finance stands at Rs. 37,768 crore as of 05/12/2012. As on year ended company had a sales of 3500 crore which is less than its sales of 5500 crore in 2008.
Company virtually rules the real estate business of National Capital Region (NCR), DLF is famous for sponsoring IPL and its connection with Robert Vadra controversy. Company is headed by ex-army man KP Singh and has its registered office in Gurgaon. DLF has a land bank of around 10,500 acres, and majority of its land banks are in and around Delhi.
Oberoi Realty The Market value of Oberoi Realty stands at 9,471 crore as of 05/12/2012. Company had the sales of 392 crore in year ended march 31st 2012. Company was formed by Vikas Oberoi in 1985 and was listed in stock market in 2010. Company mainly operates in Mumbai. Company has completed 32 projects spread over the area of 4.5 million square feet. Company has the main interest in Resident, office space, hospitality and Retail. Company is listed in Bombay stock exchange and National Stock exchange.
Prestige Estate The Bangalore based company is valued at 5,365 crore as on December 5th 2012. Company had sales of 1385 crore in year ended March 31st 2011 and 745 crore in year ended March 31st 2012. The company Prestige Estate was founded in 1985 by Razack Sattar. Prestige has developed some well known properties in Bangalore, one of the biggest developed property is UB City. UB City was pioneered by Prestige estate, in joint venture with Vijay Mallya. Prestige has also developed the Bangalore’s most famous shopping destination, The Forum Mall. And currently company is developing a golfing enclave at Nandi Hills, Bangalore. The project is spread over an area of 275 acres with private lake, golf course, convention centre, Marriott hotels and Spa.
Godrej Properties The Company is based in Mumbai and is a part of Godrej group. As on December 5th 2012, market value of company stands at Rs. 5,162 crores. Company registered sales of Rs. 369 crore for the year ended March 31st 2012. Company was founded by Adi Godrej in 1990. Company has developed the projects across the 12 cities in India. Company is currently headed by Mr. Adi Godrej. Godrej properties limited was the first real estate company to have ISO certification. Vision of the company is “We aspire to be among the nation's top 3 real estate companies, while continuing to be the most trusted name in the industry. We shall deliver superior value to all stakeholders through extraordinary and imaginative spaces created out of deep customer focus and insight.”
Housing Development and Infrastructure Ltd The Market value of this Mumbai based company as on December 5th 2012 stands at Rs. 4,929 crore. Company had sales of Rs. 1,802 crore in the year ended march 31s 2011 and Rs. 918 crore in year ended March 31st 2012. Company is currently headed by Rakesh Kumar Wadhawan. Company was incorporated in 1996 and has rapidly grown thereafter.
The other notable developers and real estate players are Sobha Developer in South India, DB realty in Mumbai, Indiabulls Real Estate in North India, Orbit Corporation in Mumbai.