China's real estate market faces significant headwinds due to government clampdowns and slowing demand.
While in India, where the middle class is projected to reach 547 million by 2030, residential sales are expected to grow between 10 and 12 percent in fiscal year 2024-25, according to the report "2024 GROHE-Hurun India Real Estate 100".
"Rising foreign investments of around $4 billion a year are further catalysing the growth," said Anas Rahman Junaid, founder and chief researcher at Hurun India.
Sixty of the top 100 companies operate beyond their state headquarters, indicating a significant trend toward building national brands in real estate.
“Notably, six companies on the list have an international presence, demonstrating the global ambitions of Indian real estate companies. With the strength of the Indian diaspora, Indian real estate companies are well positioned to expand internationally, a trend we expect to see grow in the coming years,” Junaid emphasized.
DLF emerged as the top real estate company on the list, with a valuation of Rs 2,02,140 crore, followed by Macrotech Developers with a valuation of Rs 1,36,730 crore and Indian Hotels Company at third place with a valuation of Rs 79.15 billion. of rupees.
Among the top 10 companies, 60 per cent are based in Mumbai, while two are based in Bengaluru and one each in Gurugram and Ahmedabad.
"The list shows that entrepreneurs hailing from Tier 2 cities are forging some of the most impactful real estate ventures in the country. Five per cent of the participants in 2024 GROHE-Hurun India Real Estate 100 come from Tier 2 cities. This highlights the fact that geographical boundaries no longer limit the rise of influential real estate players in India,” Junaid reported.
India is expected to add 200,000 kilometers of national highways by 2037, fostering the growth of micro-cities and greater value addition by India's real estate sector, he added.
While in India, where the middle class is projected to reach 547 million by 2030, residential sales are expected to grow between 10 and 12 percent in fiscal year 2024-25, according to the report "2024 GROHE-Hurun India Real Estate 100".
"Rising foreign investments of around $4 billion a year are further catalysing the growth," said Anas Rahman Junaid, founder and chief researcher at Hurun India.
Sixty of the top 100 companies operate beyond their state headquarters, indicating a significant trend toward building national brands in real estate.
“Notably, six companies on the list have an international presence, demonstrating the global ambitions of Indian real estate companies. With the strength of the Indian diaspora, Indian real estate companies are well positioned to expand internationally, a trend we expect to see grow in the coming years,” Junaid emphasized.
DLF emerged as the top real estate company on the list, with a valuation of Rs 2,02,140 crore, followed by Macrotech Developers with a valuation of Rs 1,36,730 crore and Indian Hotels Company at third place with a valuation of Rs 79.15 billion. of rupees.
Among the top 10 companies, 60 per cent are based in Mumbai, while two are based in Bengaluru and one each in Gurugram and Ahmedabad.
"The list shows that entrepreneurs hailing from Tier 2 cities are forging some of the most impactful real estate ventures in the country. Five per cent of the participants in 2024 GROHE-Hurun India Real Estate 100 come from Tier 2 cities. This highlights the fact that geographical boundaries no longer limit the rise of influential real estate players in India,” Junaid reported.
India is expected to add 200,000 kilometers of national highways by 2037, fostering the growth of micro-cities and greater value addition by India's real estate sector, he added.
