From 7 to 36: How India overtook China in billion-dollar realty firms

Here's a big update on India's booming real estate sector. In a historic achievement, India has now surpassed China in the number of billion-dollar real estate companies.

According to the latest data from the Hurun Research Institute, India boasts 36 realty companies valued at more than one billion dollars each, which is a significant jump from six years ago when it was just seven companies.

Leading the pack is DLF, India's most valuable real estate company, with a staggering valuation of ₹2 lakh crore. Following closely is Macrotech Developers, holding the second spot with a valuation of ₹1.4 lakh crore.

The Indian Hotels Company, popularly known as the Taj Group, ranks third in the 2024 GROHE-Hurun India Real Estate 100, with a valuation of ₹79,150 crore.

Godrej Properties, secures the fourth position with a valuation of ₹77,280 crore, doubling its worth with a remarkable 100% increase since last year.

In fifth place, we have Oberoi Realty, valued at ₹66,200 crore. Prestige Estates Projects takes the sixth spot with a valuation of ₹63,980 crore, showcasing an incredible 230% growth over the past year.

Making a notable entry into the top 10 is Adani Realty, growing 62% year-on-year with a valuation of ₹56,500 crore, and is the most valuable unlisted real estate company on the list.

The Phoenix Mills ranks eighth with a valuation of ₹55,740 crore, experiencing an impressive 112% growth over the past year.
Chandu Raheja's K Raheja Group holds the ninth position, valued at ₹55,300 crore.

Finally, Embassy Office Parks rounds out the top 10 with a valuation of ₹33,150 crore, reflecting a 14% growth over the past year.