Real estate has been a critical driver of economic growth in India, contributing significantly to the country’s GDP. With the increase in urbanization and the growing middle class, the demand for real estate has been on the rise.
In recent years, the real estate industry in India has seen significant growth, attracting both domestic and foreign investors. This article will discuss the top 20 best real estate companies in India in 2023.
1. DLF Limited
DLF Limited is one of the largest real estate developers in India, founded in 1946 by Chaudhary Raghvendra Singh. The company is headquartered in Gurugram, Haryana, and is in 15 states and 24 cities across India.
DLF Limited is primarily engaged in the development of residential, commercial, and retail properties. The company has developed numerous iconic projects, including DLF Cyber City, DLF Emporio, DLF Mall of India, DLF Garden City, and DLF Camellias.
Apart from real estate development, DLF Limited also has interests in facilities management, hospitality, and retail. The company has been recognized for its work in the industry and has won several awards, including the Best Developer India award at the 2019 Asia Property Awards.
In recent years, DLF Limited has focused on developing affordable housing projects in line with the government’s goal of providing affordable housing to all by 2022.
2. Godrej Properties Limited
Godrej Properties Limited is a Mumbai-based real estate company and a subsidiary of the Godrej Group. The company was established in 1990 and has since become one of India’s leading real estate developers, with a presence in over 12 cities across the country.
Godrej Properties Limited is primarily involved in the development of residential, commercial, and township projects. The company has developed several iconic projects, including Godrej BKC, Godrej Platinum, Godrej Palm Grove, and Godrej Infinity.
The company is well-known for its focus on sustainability and green building practices and has been recognized with several awards for its efforts in this area. Godrej Properties Limited has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
Godrej Properties Limited has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects.
3. Tata Housing Development Company Limited
Tata Housing Development Company Limited is a subsidiary of Tata Sons Limited, one of the largest business conglomerates in India. The company was established in 1984 and has since become one of India’s leading real estate developers.
The company has developed several iconic projects, including The Promont, The World Towers, and New Haven.
The company focuses on sustainability and green building practices and has been recognized with several awards for its efforts in this area. Tata Housing Development Company Limited has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
Tata Housing Development Company Limited has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects.
4. Prestige Group
Prestige Group is a Bangalore-based real estate company founded in 1986. Over the years, the company has become one of the leading real estate developers in South India, with a presence in Bangalore, Chennai, Hyderabad, Kochi, Mangalore, and Mysore.
Prestige Group is primarily involved in the development of residential, commercial, and retail properties. The company has developed several iconic projects, including Prestige Shantiniketan, Prestige Golfshire, and The Forum Mall.
The company is well-known for its focus on quality, innovation, and customer satisfaction and has been recognized with several awards for its efforts in these areas. Prestige Group has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
Prestige Group has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects. The company has also focused on the development of affordable housing projects, in line with the government’s goal of providing affordable housing to all by 2022.
5. Brigade Enterprises Limited
Brigade Enterprises Limited is a real estate development company based in Bangalore, India. The company was founded in 1986. It has since then become one of the leading real estate developers in the country, with a strong presence in the South Indian market. Brigade Enterprises has developed a wide range of properties, including residential, commercial, and hospitality projects.
The company’s residential projects include apartments, villas, and townhouses, while its commercial projects include office buildings, retail spaces, and multiplexes. Brigade Enterprises has also ventured into the hospitality sector, with the development of hotels and serviced apartments.
The company has received several awards for its projects and contributions to the real estate industry in India. Some of its notable projects include Brigade Gateway, Brigade Metropolis, Brigade Exotica, Brigade Omega, and Brigade Orchards.
6. Sobha Limited
Sobha Limited is a Bangalore-based real estate company founded in 1995. The company has become one of the leading real estate developers in India, with a presence in 26 cities and 14 states across the country.
Sobha Limited is primarily involved in the development of residential, commercial, and contractual projects. The company has developed several iconic projects, including Sobha City, Sobha Dream Acres, and Sobha Silicon Oasis.
The company is known for its focus on quality, innovation, and customer satisfaction and has been recognized with several awards for its efforts in these areas. Sobha Limited has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
Sobha Limited has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects.
7. Mahindra Lifespaces Developers Limited
Mahindra Lifespaces Developers Limited is a real estate development company based in Mumbai, India. The company is a subsidiary of Mahindra Group and was founded in 1994 with a focus on sustainable urbanization.
Mahindra Lifespaces has developed a wide range of properties, including residential, commercial, and industrial projects. The company’s residential projects include apartments, villas, and townhouses, while its commercial projects include office buildings, retail spaces, and multiplexes.
Mahindra Lifespaces has also ventured into the industrial sector with the development of industrial parks and special economic zones.
The company has a strong focus on sustainability and green initiatives in its projects and has received several awards and certifications for its sustainable practices. Some of its notable projects include Mahindra World City in Chennai, Mahindra Aqualily in Chennai, Mahindra Splendour in Mumbai, and Mahindra Happinest in Avadi, Chennai.
Mahindra Lifespaces is also involved in infrastructure development, project management, and facility management through its subsidiaries, Mahindra Infrastructure Developers Limited and Mahindra Facilities Management Services Limited.
8. Oberoi Realty Limited
Oberoi Realty Limited is a company based in Mumbai, India. Oberoi Realty has developed a wide range of properties, including residential, commercial, and retail projects.
The company’s residential projects include high-end apartments, villas, and townhouses, while its commercial projects include office buildings, IT parks, and retail spaces. Oberoi Realty has also developed several luxury hotels in Mumbai.
The company has a strong focus on quality and customer satisfaction in its projects, and has received several awards and certifications for its high standards. Some of its notable projects include Oberoi Sky City, Oberoi Esquire, Oberoi Exquisite, and Oberoi Mall.
9. Lodha Group
Lodha Group is a Mumbai-based real estate company founded in 1980. The company has since grown to become one of India’s leading real estate developers, with a presence in Mumbai, Pune, Hyderabad, and London.
Lodha Group is primarily involved in developing residential, commercial, and retail properties. The company has developed several iconic projects, including World One, Lodha Bellissimo, and Lodha Altamount.
The company is known for its focus on quality, innovation, and customer satisfaction and has been recognized with several awards for its efforts in these areas. Lodha Group has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
Lodha Group has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects
10. Hiranandani Group
Hiranandani Group is a Mumbai-based real estate company founded in 1978. The company has since grown to become one of the leading real estate developers in India, with a presence in Mumbai, Pune, Chennai, and Hyderabad.
Hiranandani Group is primarily involved in the development of residential, commercial, and retail properties. The company has developed several iconic projects, including Hiranandani Gardens, Hiranandani Estate, and Hiranandani Business Park.
The company is known for its focus on quality, innovation, and customer satisfaction and has been recognized with several awards for its efforts in these areas. Hiranandani Group has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
Hiranandani Group has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects.
11. Puravankara Limited
Puravankara Limited is a real estate development company based in Bangalore, India. The company was founded in 1975 by Ravi Puravankara and had since then become a strong presence in South India.
Puravankara has developed a wide range of properties, including residential, commercial, and hospitality projects. The company’s residential projects include apartments, villas, and townhouses, while its commercial projects include office buildings, retail spaces, and multiplexes. Puravankara has also ventured into the hospitality sector with the development of hotels and serviced apartments.
The company has a strong focus on quality and innovation in its projects, and has received several awards and certifications for its high standards. Some of its notable projects include Purva Skydale, Purva Palm Beach, Purva Swanlake, and Purva Silver Sands.
In addition to its real estate development activities, Puravankara is also involved in property management and leasing through its subsidiary Provident Housing Limited. The company has also formed a joint venture with Morgan Stanley Real Estate Investing to develop and manage large-scale residential projects in India.
12. Raheja Developers Limited
Raheja Developers Limited is a real estate development company based in Mumbai, India. The company was founded in 1990 by Navin M. Raheja and had since then a presence in multiple cities, including Mumbai, Delhi-NCR, Pune, and Bangalore.
Raheja Developers has developed a wide range of properties, including residential, commercial, and hospitality projects. The company’s residential projects include apartments, villas, and townhouses, while its commercial projects include office buildings, retail spaces, and multiplexes. Raheja Developers has also ventured into the hospitality sector with the development of hotels and serviced apartments.
The company has a strong focus on quality and innovation in its projects, and has received several awards and certifications for its high standards. Some of its notable projects include Raheja Vistas, Raheja Exotica, Raheja District II, and Raheja Revanta.
In addition to its real estate development activities, Raheja Developers is also involved in facility management and project management through its subsidiary, Raheja Facilities Management Private Limited. The company has also formed joint ventures with leading real estate developers in India to develop large-scale residential and commercial projects.
13. Shapoorji Pallonji Real Estate
Shapoorji Pallonji Real Estate is a Mumbai-based real estate company founded in 1970. The company has since grown to become one of the leading real estate developers in India, with a presence in Mumbai, Pune, Bangalore, and Delhi.
Shapoorji Pallonji Real Estate is primarily involved in the development of residential, commercial, and contractual projects. The company has developed several iconic projects, including The Imperial Edge, Vicinia, and Joyville.
The company is known for its focus on quality, innovation, and customer satisfaction, and has been recognized with several awards for its efforts in these areas. Shapoorji Pallonji Real Estate has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
Shapoorji Pallonji Real Estate has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects.
14. Embassy Group
Embassy Group is a real estate development company based in Bangalore, India. The company was founded in 1993 by Jitu Virwani and has since then become a strong presence in South India.
Embassy Group has developed a wide range of properties, including residential, commercial, and hospitality projects. The company’s residential projects include apartments, villas, and townhouses, while its commercial projects include office buildings, IT parks, and retail spaces. Embassy Group has also ventured into the hospitality sector, with the development of hotels and serviced apartments.
The company has a strong focus on sustainability and innovation in its projects and has received several awards and certifications for its high standards. Some of its notable projects include Embassy Springs, Embassy Boulevard, Embassy Pristine, and Embassy TechVillage.
In addition to its real estate development activities, Embassy Group is also involved in property management and leasing through its subsidiary, Embassy Services Private Limited. The company has also formed joint ventures with leading real estate developers in India and abroad to develop large-scale residential and commercial projects.
15. Phoenix Mills Limited
Phoenix Mills Limited is a Mumbai-based real estate company founded in 1905. The company has since grown to become one of the leading real estate developers in India, with a focus on developing and managing retail-led mixed-use properties.
Phoenix Mills Limited is primarily involved in the development of retail, commercial, and hospitality properties. The company has developed several iconic projects, including High Street Phoenix, Palladium, and The Grand Central.
The company is known for its focus on quality, innovation, and customer satisfaction, and has been recognized with several awards for its efforts in these areas. Phoenix Mills Limited has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
Phoenix Mills Limited has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects. The company has also been expanding its footprint outside of India, with projects in markets such as Dubai and Pune.
16. K Raheja Corp
K Raheja Corp is a company based in Mumbai, India. The company was founded in 1956 by Chandru Raheja with a strong presence in Mumbai, Pune, Bangalore, and Hyderabad.
K Raheja Corp has developed a wide range of properties, including residential, commercial, and hospitality projects. The company’s residential projects include apartments, villas, and townhouses, while its commercial projects include office buildings, retail spaces, and multiplexes. K Raheja Corp has also ventured into the hospitality sector, with the development of hotels and serviced apartments.
The company has a strong focus on sustainability and innovation in its projects and has received several awards and certifications for its high standards. Some of its notable projects include Raheja Viva, Raheja Exotica, Raheja Vivarea, and Mindspace.
K Raheja Corp is also involved in property management and leasing through its subsidiary, Mindspace Business Parks REIT. The company has also formed joint ventures with leading real estate developers in India and abroad to develop large-scale residential and commercial projects.
17. Omaxe Limited
Omaxe Limited is a real estate development company headquartered in New Delhi, India. The company was founded in 1987 and has since become one of the leading real estate developers in India, with a presence in 27 cities across 8 states.
Omaxe Limited is primarily involved in the development of residential, commercial, and contractual projects. The company has developed several iconic projects, including Omaxe Heights, Omaxe Grandwoods, and Omaxe Palm Greens.
The company is known for its focus on quality, innovation, and customer satisfaction, and has been recognized with several awards for its efforts in these areas. Omaxe Limited has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
Omaxe Limited has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects.
18. Unitech Limited
Unitech Limited was a real estate development company based in India. It was founded in 1972 by Ramesh Chandra who was once one of the leading real estate developers in the country. However, the company has faced a number of financial and legal challenges in recent years and has been struggling to survive.
Unitech has developed a wide range of properties, including residential, commercial, and hospitality projects. The company’s residential projects include apartments, villas, and townhouses, while its commercial projects include office buildings, retail spaces, and multiplexes. Unitech has also ventured into the hospitality sector, with the development of hotels and serviced apartments.
In addition to its real estate development activities, Unitech was also involved in infrastructure development, such as airports and highways, as well as telecom services.
However, in recent years, the company has been embroiled in several legal disputes, including allegations of financial irregularities, and has faced challenges in completing its ongoing projects. As a result, Unitech has been struggling to remain operational and has been facing financial difficulties.
In 2020, the Supreme Court of India ordered the government to take over the management of the company in order to protect the interests of its homebuyers.
19. Ansal Properties and Infrastructure Limited
Ansal Properties and Infrastructure Limited (APIL) is a real estate development company based in Delhi, India. The company was founded in 1967 and has since become one of the leading real estate developers in India, with a presence in over 20 cities across 7 states.
APIL is primarily involved in the development of residential, commercial, and contractual projects. The company has developed several iconic projects, including Sushant Golf City, Ansal API Esencia, and Ansal Plaza.
The company is known for its focus on quality, innovation, and customer satisfaction, and has been recognized with several awards for its efforts in these areas. APIL has also been actively involved in CSR initiatives, including education, healthcare, and environmental conservation.
APIL has formed several strategic partnerships with international developers and investors, allowing the company to expand its portfolio and undertake larger projects.
20. The Wadhwa Group
The Wadhwa Group is a company based in Mumbai, India. The company was founded in 1969 by Vijay Wadhwa and has since then become a strong presence in Mumbai and Pune.
The Wadhwa Group has developed a wide range of properties, including residential, commercial, and retail projects. The company’s residential projects include apartments, villas, and townhouses, while its commercial projects include office buildings, IT parks, and retail spaces. The Wadhwa Group has also ventured into the hospitality sector, with the development of hotels and serviced apartments.
The company has a strong focus on quality and innovation in its projects and has received several awards and certifications for its high standards. Some of its notable projects include The Address, W54, Atmosphere, and The Wadhwa Wise City.
In addition to its real estate development activities, The Wadhwa Group is also involved in facility management and property management through its subsidiary, Wadhwa Estate Management Services Private Limited. The company has also formed joint ventures with leading real estate developers in India and abroad to develop large-scale residential and commercial projects.
The real estate industry in India is poised for significant growth in the coming years, driven by urbanization, a growing population, and a rise in disposable incomes. The top 20 best real estate companies in India in 2023 have been instrumental in shaping the industry and driving growth.
These companies have demonstrated a commitment to quality, innovation, and sustainability, and have been recognized for their high standards through various awards and certifications. As the industry continues to evolve, these companies will continue to play a vital role in shaping the future of real estate in India.
