The Indian real estate market is one of the biggest drivers of the economy and creates thousands of employment opportunities every year. Housing is one sector where demand is more than supply and this should see further growth of this industry in the future. Who are the major real estate players in India? Here’s taking a look at the top real estate players from various Indian regions. These are the movers and shakers of the industry and have been recognized for their contributions in this field.
Top Real Estate Players in the North
DLF Ltd is one of the biggest players in the country and is considered to have the biggest market capitalization, developable area, earnings and annual revenues. It is headed by the Chairman, Dr. Kushal Pal Singh. DLF has a presence in almost thirty Indian cities and has developed area of a mindboggling 238 million square feet. It also has planned projects spanning over 413 million square feet and the entire product range of the company include IT parks, residential apartments, multiplexes, townships, hotels, commercial complexes and so on. This is the only real estate company that has been incorporated into the MSCI India Index, BSE Sensex, MSCI Emerging Markets Asia Index and NSE Nifty. It is also known for its luxury DLF Emporio mall.
Omaxe Limited is spearheaded by the CMD Rohtas Goel and the company has made a name for itself with its variety of commercial and residential projects. There are more than fifty projects that the company is undertaking at present and it was the first construction outfit in north India to get the ISO 9001:200 certification. The group specializes in malls, group housing, hotels, integrated townships, commercial complexes and SEZs among other projects. It has also got into constructing highways and bridges in Punjab. Unitech, headed by the Executive Chairman, Ramesh Chandra is another real estate behemoth in northern India and has also received ISO 9001:2000 certification. The company is operational in sectors like IT parks, SEZs, residential projects, amusement parks, retail and even hotels.
There are more than 600, 000 shareholders of this company. It has also entered into mainstream infrastructure. The company has a failed venture, namely Uninor telecommunications, a joint venture with Norway’s Telenor Group which made the headlines.
Western India’s Real Estate Kings
MD Milind Korde heads Godrej Properties Limited, one of the biggest real estate players in this belt. The company was setup under the umbrella of the much respected Godrej group in the year 1990. This is one of the top real estate companies in the industry and has a fabulous brand image. The group has several successful projects to its credit and is currently involved in almost eleven cities throughout the country. The company is also listed on the BSE and the National Stock Exchange or NSE. The popularity of the company can be gauged by the fact that it managed to sell more than two hundred residential units within two days of the launch of the Godrej Frontier project in northern India, its first foray into this region.
Chandru L Raheja also runs the K Raheja Corp which is another real estate behemoth in the Western region. This company has been operational for four decades and more and has specialized in residential properties, hotels and commercial buildings all over the country. The group has also got into hospitality and retail and there are several successful projects under its belt. The K Raheja Corp has also committed towards building Leed Certified Green Building Projects only in the future which gives it a unique dimension of sorts. CMD Vikas Oberoi also runs Oberoi Realty Limited which had its IPO and is a strong presence both in Pune and Mumbai. The company focuses mostly on social infrastructure, retail, office space, hospitality and residential segments.
South India Sobha Developers is the leading company in this space, headed by Chairman PNC Menon and was founded in the year 1995. This company is worth more than ten billion dollars and had its IPO in the year 2006. The company has loads of commercial, residential and contractual projects to its credit and is known for its commitment to development. MR Jaishankar heads the Brigade Group as the CMD and the company is one of the leading lights in South India with its headquarters in Bangalore. The company specializes in sectors like hospitality, property development, education and hospitality. The Puravankara Group is managed by the CMD and Founder Ravi Puravankara. The company has projects located in Dubai, Kolkata, Chennai, Colombo, Mysore, Coimbatore and other areas.
East India Ambuja Realty dominates this sector, headed by Harshavardhan Neotia, the CMD. The company has been a prominent name in Eastern India and is the first company to receive the ISO: 9002 certification in this sector in Eastern India. The Group takes care of hospitality projects, commercial projects, residential units and retail projects as well. The company is presently building malls, IT parks, business hotels, hospitals, luxury resorts and a university. The City Centre brand of malls built by the group has also done immensely well. Sushil Mohta led Merlin Group has also been at the forefront of development in the region with commercial complexes and residential properties. The group has also gone into bungalows, office towers, premium housing projects, malls, country homes and the like.
The Merlin Group has a sizeable presence in Ahmedabad, Chennai and Chattisgarh among other areas and has also entered sectors like stadiums, service apartments, townships, resorts and new generation clubs. Surendra Kumar Dugar and Pradip Kumar Chopra control the PS Group which is another top company in this sector. The group now has seven key players under the umbrella with a strong interest from the next generation with regard to taking the business forward. PS Group builds shopping malls, integrated townships, hotels, residential complexes, hotels, IT parks and other commercial buildings. The company has successfully completed more than a hundred projects successfully and has loads of exciting projects in the pipeline too.
Top Real Estate Players in the North
DLF Ltd is one of the biggest players in the country and is considered to have the biggest market capitalization, developable area, earnings and annual revenues. It is headed by the Chairman, Dr. Kushal Pal Singh. DLF has a presence in almost thirty Indian cities and has developed area of a mindboggling 238 million square feet. It also has planned projects spanning over 413 million square feet and the entire product range of the company include IT parks, residential apartments, multiplexes, townships, hotels, commercial complexes and so on. This is the only real estate company that has been incorporated into the MSCI India Index, BSE Sensex, MSCI Emerging Markets Asia Index and NSE Nifty. It is also known for its luxury DLF Emporio mall.
Omaxe Limited is spearheaded by the CMD Rohtas Goel and the company has made a name for itself with its variety of commercial and residential projects. There are more than fifty projects that the company is undertaking at present and it was the first construction outfit in north India to get the ISO 9001:200 certification. The group specializes in malls, group housing, hotels, integrated townships, commercial complexes and SEZs among other projects. It has also got into constructing highways and bridges in Punjab. Unitech, headed by the Executive Chairman, Ramesh Chandra is another real estate behemoth in northern India and has also received ISO 9001:2000 certification. The company is operational in sectors like IT parks, SEZs, residential projects, amusement parks, retail and even hotels.
There are more than 600, 000 shareholders of this company. It has also entered into mainstream infrastructure. The company has a failed venture, namely Uninor telecommunications, a joint venture with Norway’s Telenor Group which made the headlines.
Western India’s Real Estate Kings
MD Milind Korde heads Godrej Properties Limited, one of the biggest real estate players in this belt. The company was setup under the umbrella of the much respected Godrej group in the year 1990. This is one of the top real estate companies in the industry and has a fabulous brand image. The group has several successful projects to its credit and is currently involved in almost eleven cities throughout the country. The company is also listed on the BSE and the National Stock Exchange or NSE. The popularity of the company can be gauged by the fact that it managed to sell more than two hundred residential units within two days of the launch of the Godrej Frontier project in northern India, its first foray into this region.
Chandru L Raheja also runs the K Raheja Corp which is another real estate behemoth in the Western region. This company has been operational for four decades and more and has specialized in residential properties, hotels and commercial buildings all over the country. The group has also got into hospitality and retail and there are several successful projects under its belt. The K Raheja Corp has also committed towards building Leed Certified Green Building Projects only in the future which gives it a unique dimension of sorts. CMD Vikas Oberoi also runs Oberoi Realty Limited which had its IPO and is a strong presence both in Pune and Mumbai. The company focuses mostly on social infrastructure, retail, office space, hospitality and residential segments.
South India Sobha Developers is the leading company in this space, headed by Chairman PNC Menon and was founded in the year 1995. This company is worth more than ten billion dollars and had its IPO in the year 2006. The company has loads of commercial, residential and contractual projects to its credit and is known for its commitment to development. MR Jaishankar heads the Brigade Group as the CMD and the company is one of the leading lights in South India with its headquarters in Bangalore. The company specializes in sectors like hospitality, property development, education and hospitality. The Puravankara Group is managed by the CMD and Founder Ravi Puravankara. The company has projects located in Dubai, Kolkata, Chennai, Colombo, Mysore, Coimbatore and other areas.
East India Ambuja Realty dominates this sector, headed by Harshavardhan Neotia, the CMD. The company has been a prominent name in Eastern India and is the first company to receive the ISO: 9002 certification in this sector in Eastern India. The Group takes care of hospitality projects, commercial projects, residential units and retail projects as well. The company is presently building malls, IT parks, business hotels, hospitals, luxury resorts and a university. The City Centre brand of malls built by the group has also done immensely well. Sushil Mohta led Merlin Group has also been at the forefront of development in the region with commercial complexes and residential properties. The group has also gone into bungalows, office towers, premium housing projects, malls, country homes and the like.
The Merlin Group has a sizeable presence in Ahmedabad, Chennai and Chattisgarh among other areas and has also entered sectors like stadiums, service apartments, townships, resorts and new generation clubs. Surendra Kumar Dugar and Pradip Kumar Chopra control the PS Group which is another top company in this sector. The group now has seven key players under the umbrella with a strong interest from the next generation with regard to taking the business forward. PS Group builds shopping malls, integrated townships, hotels, residential complexes, hotels, IT parks and other commercial buildings. The company has successfully completed more than a hundred projects successfully and has loads of exciting projects in the pipeline too.
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