2025 GROHE-HURUN India Real Estate 150: DLF, Lodha, Indian Hotels lead as sector rebounds with Rs 1.4 lakh crore growth

GROHE and Hurun India have jointly unveiled the 2025 GROHE-HURUN India Real Estate 150, highlighting the country’s most valuable real estate companies and wealthiest property entrepreneurs as of June 30, 2025.

Priya Rustogi, Managing Director, India & SubCon, LWT, LIXIL IMEA, said the ranking reflects how India’s real estate sector is evolving with diverse leadership, regional enterprises scaling nationally, and a growing focus on sustainability. “Developers are now shaping India’s urban future with a balance of ambition, resilience, and accountability,” she added.

According to Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, the sector staged a strong rebound, adding Rs 1.4 lakh crore in value despite early-year global uncertainties. DLF, Prestige, and Anant Raj recorded over 20% valuation rebounds within two months. A total of 63 companies entered the list this year, 29 of which made it directly into the Top 100, indicating a wider leadership base and renewed investor confidence.

Key highlights include:

• Hospitality Growth: Indian Hotels Company surged 37% to Rs 1.1 lakh crore, while OYO debuted in the Top 15. The sector now hosts 22 hospitality firms with a combined Rs 2.7 lakh crore valuation.
• Mumbai Leads: With 42 companies valued at Rs 6.9 lakh crore, Mumbai remains India’s real estate hub, followed by strong additions in Bengaluru, Hyderabad, and Pune.
• Top 10 Dominance: The top 10 firms, led by DLF (Rs 2.1 lakh crore), Lodha (Rs 1.4 lakh crore), and Indian Hotels (Rs 1.1 lakh crore), collectively hold over Rs 8.5 lakh crore in value. Aparna Constructions and M3M India entered the top ranks, showcasing rising regional players.
• Tier-2 Expansion: Hyderabad and Pune contributed 26 companies valued above Rs 1.4 lakh crore, driven by developers like Aparna, Sumadhura Infracon, and Ventive Hospitality.
• Capital Market Confidence: The number of listed companies rose to 65 from 48, with IPOs like Ventive Hospitality and Schloss Bangalore witnessing strong investor response.
• Inclusive Leadership: This year’s list features four women leaders and multiple first-generation wealth creators, signaling a shift toward a younger, more diverse leadership.
• Employment Impact: The companies employ over 2.2 lakh people, with housing, hospitality, retail, and co-working continuing to drive job creation.

Anas Rahman Junaid emphasised that Indian developers are transitioning from merely constructing properties to building strong brands with global positioning. “The sector is entering a brand-led maturity phase, where legacy and innovation are shaping a new era of Indian real estate,” he concluded.