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India’s real estate market is on a high growth curve. The
industry
is projected to grow to US$50 billion by the end of FY2010
at an
average rate of 20%. Looking at the bigger picture, the
recession
seems like a hiccup. Despite talks of price correction, the
worse is
definitely behind us.
In this feature, we present our list of market leaders. The
task was dauntingand complicated. Instead of a list that
says India’s Top 20, we divided the players regionally based
on their headquarters. Many are national players but
some are purely regional players and hence it would be
unfair to compare them. The idea was to identify national as
well as local leaders. Of course, all such lists are subject
to market dynamics.
TOP REAL ESTATE COMPANIES FROM NORTH
DLF Ltd
Headed by:
Dr Kushal Pal Singh, Chairman
About:
market capitalization and developable area. It currently has
pan India presence across 30 cities with approximately
238 million sq ft of completed development and 413 million
sq ft of planned projects, of which 56 million sq ft of
projects are under construction during FY10.
Project Spectrum: Residential, townships, commercial
complexes, IT Parks, hotels, multiplexes, etc.
Quick fact: Only listed real estate Company included in the
BSE Sensex, NSE Nifty, MSCI India Index and MSCI
Emerging Markets Asia Index.
Latest: Will take its luxury mall DLF Emporio (already
operational in New Delhi) to other big cities such as
Hyderabad
and Chennai.
With a track record of 64 years, DLF is India’s largest real
estate company in terms of revenues, earnings,
OMAXE LTD
Rohtas Goel, CMD
About:
projects. The company at present has 53 projects under
execution and planning. Omaxe Ltd was the first
Construction Company of northern India to receive an ISO
9001:2000 Certification.
Project Spectrum: Integrated townships, Group housing, SEZs,
Shopping malls & commercial complexes and hotels.
Latest: Has entered into infrastructure sector through Omaxe
Infrastructure & Construction Ltd (OICL), a wholly
owned subsidiary. OICL has bagged the first contract to
construct Highway and three high level bridges in Punjab.
The contract is awarded by Greater Mohali Area Development
Authority and its value is pegged at Rs704 million.
Over the past 22 years, Omaxe has established itself through
diverse range of residential and commercial
UNITECH
Headed by:
Ramesh Chandra, Executive Chairman
About:
have been certified ISO 9001:2000 in North India.
Project Spectrum: Unitech offers diversified projects across
residential, commercial/IT parks, retail, hotels,
amusement parks and SEZs segments. Unitech was the first
real estate company to be part of the National Stock
Exchange’s NIFTY 50 Index. The company has over 600,000
shareholders. Unitech and Norway based Telenor Group
came together to build Uninor - a telecommunication services
company providing GSM services across India.
Latest: Has ventured into the infrastructure business by
launching Unitech Infra.
Established in 1972, Unitech is today India’s leading real
estate developer in India. It is the first developer to
ANSAL API
Headed by:
Sushil Ansal, Chairman
About:
Having established itself very strongly in the NCR region,
Ansal API is now focusing on ventures in cities like
Bhatinda, Mohali, Amritsar, Ludhiana, Jalandhar, Jaipur,
Jodhpur, Ajmer, Sonepat, Panipat, Karnal, Kurukshetra,
Faridabad, Gurgaon, Greater Noida, and Ghaziabad, Meerut,
Agra, Lucknow, to name a few. Ansal API has till date,
developed and delivered more than 190 million sq ft. The
company currently has a land reserve of about 9,335 acres.
Project Spectrum: Integrated Townships, Condominiums, Group
Housing, Malls, Shopping Complex, Hotels, SEZs, IT
Parks and Infrastructure and Utility Services
Latest: Raised Rs231.4 crore through private placement of
shares with institutional investors for reducing its debt
and execute ongoing projects.
Established in 1967 as a family business, Ansal API today is
clearly amongst the real estate leaders of India.
PARSVNATH
DEVELOPERS LTD
Headed by:
Pradeep Jain, Chairman
About:
over 45 cities across 16 states. The company has emerged as
one of the most progressive and multi-faceted real
estate and construction entities in India.
Project spectrum: Housing (premium, mid-market as well as
affordable), office complexes, shopping malls &
hypermarkets, hotels, multiplexes, IT Parks and SEZs.
Quick fact: First real estate company to have integrated
with ISO 9001, 14001 and OHSAS 18001.
Latest update: Has partnered with Red Fort Capital to
execute a Concession Agreement with DMRC for development
of a prime Grade A office project in New Delhi’s Connaught
Place.
Incorporated in July 1990 by Mr Jain in New Delhi, Parsvnath
today has a substantial pan India presence in
TOP REAL ESTATE
COMPANIES FROM WEST
GODREJ PROPERTIES LTD
Headed by:
Milind Korde, MD
About:
excellence to the real estate industry. GPL aspires to be
among India’s top three real estate companies while
continuing to be the most trusted name in the industry. GPL
has completed several landmark projects and is
currently developing significant projects in 11 cities
across India. Godrej Properties Ltd is listed on the Bombay
Stock
Exchange (BSE) and The National Stock Exchange (NSE).
Latest: Sold over 200 apartments within 2 days of launch of
its project Godrej Frontier in Gurgaon. This is the
company’s first residential project in northern India.
Established in 1990, Godrej Properties Ltd (GPL) brings the
Godrej Group philosophy of innovation and
K RAHEJA CORP
Headed by:
Chandru L Raheja, Chairman
About:
more than four decades. K Raheja Corp has built residences,
commercial buildings and hotels throughout India. The
Group also diversified in the hospitality sector in 1981and
in the retail sector in 1991. The company has several
landmark projects to its credits across cities.
Quick fact: K Raheja Corp has given a firm commitment to
have all of its future projects undertaken anywhere in
India to be Leed Certified Green Building Projects.
Incorporated in 1956, this Mumbai based real estate giant
has been engaged in real estate development for
OBEROI REALTY
LTD
Headed by:
Vikas Oberoi, CMD
About:
income and consolidated net profit after tax and prior
period items as restated were Rs8,054.95 million and
Rs4,576.20 million for the year ended March 31, 2010 and Rs
1658.27 million and Rs797.96 million for the three
months ended June 30, 2010. The company has presence in
Mumbai and Pune.
Project Spectrum: Oberoi Realty focuses on premium, single
space and mixed used development across residential,
office space, retail, hospitality and social infrastructure
segments.
Founded in 1998, the company was recently in limelight for
its IPO. The Company’s consolidated total
KALPATARU GROUP
Headed by:
Mofatraj P Munot, Promoter
About:
been active primarily in the Mumbai Metropolitan Region
(MMR) & Pune. It is also undertaking projects in other key
cities such as Hyderabad, Surat, Nagpur, Jaipur and Udaipur.
The Kalpataru Group has interests in real estate
development, property and project management, engineering,
procurement and construction (EPC) contracting for power
transmission and infrastructure projects including road
projects, warehousing and logistics.
Project Spectrum: The focus has been on the development of
premium residential, commercial, retail, integrated
townships, lifestyle gated communities and redevelopment
projects.
Established in 1969, Kalpataru is one of the leading real
estate development groups in India. The Group has
DB REALTY
Headed by:
Vinod Goenka and Shahid Balwa
About:
has more than 30 ultra premium projects under various stages
of planning and also completion in both Mumbai and
Pune. It has 20.5 million sq ft of saleable area of ongoing
projects with a projected area of 40.5 million sq ft in
forthcoming and upcoming projects. DB Realty is publicly
listed company both on BSE and NSE with a market
capitalisation of more than Rs10000 crore.
Latest: Few months ago, it bagged the right to redevelop a
large chunk of the 100-acre PWD government colony in
Mumbai’s Bandra suburb. This will be one of the biggest
redevelopment projects in the city.
It is one of India’s fastest growing real estate companies
headquartered in Mumbai. The Company currently
TOP REAL ESTATE
COMPANIES FROM SOUTH
SOBHA DEVELOPERS LTD
Headed by:
PNC Menon, Chairman
About:
was acclaimed for quality interiors and construction since
1977. Today, this Rs10 billion plus company is one of the
largest and only backward integrated company in the
construction arena. Its IPO in 2006 was oversubscribed by
126
times that created history, being the first event of its
kind in Indian capital markets.
Till date, Sobha has completed 47 residential projects, 13
commercial projects and 166 contractual projects covering
about 36 million sq ft area in 18 cities across India (as of
31 March 2010). The company currently has 21 ongoing
residential projects aggregating to 8.5 million sq ft, while
4.24 million sq ft of contractual projects are under various
stages of construction.
The Company was founded in 1995 by PNC Menon after he
returned home from the Middle East where he
BRIGADE GROUP
Headed by:
MR Jaishankar, CMD
About:
Bangalore with projects extending across several major
cities in South India like Chennai, Chikmagalur, Hyderabad,
Kochi, Mangalore and Mysore.
Project Spectrum: Brigade has a multi-domain portfolio that
covers property development, property management
services, hospitality and education.
Latest: Brigade recently obtained the license from the World
Trade Centers Association to classify and manage its
one million sq ft office tower in its mixed use project
Brigade Gateway as ‘World Trade Centre Bangalore.
Established in 1986, Brigade is one of South India’s leading
property developers. It is headquartered in
PURAVANKARA
GROUP
Headed by:
Ravi Puravankara, Founder and CMD
About:
primarily in the premium housing segment. It has projects
across cities like Bangalore, Chennai, Kochi, Coimbatore,
Hyderabad, Mysore, Kolkata and Colombo. The Group also has a
presence in Dubai, UAE. With a land bank of over
125 million sq ft, the Group has above 20 million sq ft of
residential and commercial space currently under
construction.
Latest: Recently launched Purva Venezia that recreates the
beauty of Venice at Yelhanka in Bangalore.
Established in 1975, the Group has grown to be one of the
leading real estate developers of the country,
NITESH ESTATES
Headed by:
Nitesh Shetty, MD
About:
Bangalore.
Project Spectrum: In just six years, the Company has brought
more than nine million sq ft of space under
development across housing, hotels, office buildings and
shopping malls.
The company is growing even faster with plans to expand its
operations in other cities like Goa, Chennai, Hyderabad
and Kochi. Nitesh Estates has to its credit a series of
firsts: the first to win India’s largest corporate housing
project
(ITC Limited), one among the first few to attract FDI in
real estate (Och Ziff and Citigroup) and has the distinction
of
bringing to India it’s very first Ritz Carlton. It has 27
ongoing and forthcoming projects in and around Bangalore and
Goa. It has land bank of 19 million sq ft, which will be
developed in the next 4-5 years.
Founded in 2004, Nitesh Estates is an integrated property
development company headquartered in
PRESTIGE ESTATES
PROJECTS LTD
Headed by:
Irfan Razack, CMD
About:
has presence in Bangalore, Chennai, Hyderabad, Kochi, Mysore
as well as Goa.
Project Spectrum: Develops projects across segments like
residential, commercial, integrated township, retail,
leisure
& hospitality and mixed-use.
Latest: Prestige raised Rs12 billion rupees through its IPO
recently.
Founded in 1986, Prestige has completed more than 142
projects and has 59 ongoing projects. The company
TOP REAL ESTATE
COMPANIES FROM EAST
AMBUJA REALTY
Headed by:
Harshavardhan Neotia, CMD
About:
Housing Board for the past 15 years under the name Bengal
Ambuja. The first real estate company in Eastern India
to get ISO: 9002 Certification, in 1999, Bengal Ambuja has
also earned them the highest developer rating in India -
DRI from ICRA, in 2003.
Project Spectrum: The Group has a diversified presence
across segments like residential, retail, commercial and
hospitality. The company is also planning an aggressive
pan-India growth strategy to deliver an unprecedented
number of high-quality projects. Currently, it is building
more malls, hospitals, IT Parks, luxury resorts, business
hotels and are even aspiring to build a University.
Latest: To invest around Rs500 crore in developing three
shopping malls under the ‘City Centre’ brand in Raipur,
Haldia and Patna.
Ambuja Realty has been providing housing in West Bengal, in
a pioneering joint venture with West Bengal
MERLIN GROUP
Headed by:
Sushil Mohta, MD
About:
past three decades with over 50 residential and commercial
complexes as well as several standalone projects.
Project Spectrum: Merlin Group has innovated with various
formats and core projects including premium housing,
essential housing, country homes and bungalows, specialty
malls, office towers, IT buildings, hotels new generation
clubs, and resorts, serviced apartment’s stadium and
townships. It also has presence in other parts of India with
its
various residential and commercial projects at Chennai,
Chhattisgarh and Ahmedabad.
Merlin Group is a recognized name in the realty business of
India’s eastern parts. The Group has grown over
PS GROUP
Founded by:
Pradip Kumar Chopra & Surendra Kumar Dugar
About:
joining the business in right earnest.
Project Spectrum: PS Group is involved in the development of
premium residential complexes, integrated townships,
commercial buildings, hotels, IT parks and a wide range of
shopping malls.
The company already has completed 100 projects with Trinity
Plush and intends to complete another 50 projects in
the next two years.
Today, the original pair of founders has grown into a group
of seven players, with the second generation
HILAND GROUP
Headed by:
Credited with more than 50 multi-storeyed landmark
developments adorning the skyline of Kolkata, the Hiland
Group
has today emerged as one of the most prominent developers in
Kolkata.
Latest: The Group has also entered into a 50:50 joint
venture with West Bengal Housing Board to form Bengal United
Credit Belani Housing Ltd. Hiland Woods is the key project
of this joint venture. It is a residential development
catering to a mix of demographic profiles across LIG, MIG
and HIG.
Nayan Basu, CEO
BELANI GROUP
Headed by:
Nandu Belani
About:
promoting and developing high-rise apartments and commercial
buildings in the city over the last four decades.
Some of the key projects done by this Group are Metro
Towers, IDBI Building, British Deputy High Commission,
Belmont Apartments, East End Gardens, Neelkamal ,
Shakespeare Court, Greenwoods and Palacio. The Group has
presence across segments like integrated townships,
residential, commercial, retail and hospitality.
The Company commenced operations in Kolkata in 1967 and has
pioneered the business of building,
TOP REAL ESTATE
COMPANIES TO WATCH OUT FOR
We wind up our feature with five names to
watch out for.
TATA HOUSING DEVELOPMENT COMPANY
Headed by:
Brotin Banerjee, MD & CEO
About:
2006, Tata Housing has been focused on developing and
transforming real estate development in India. With the
primary business being the development of properties in
residential, commercial and retail sectors, the company’s
operations span across various aspects of real estate
development. With existing presence in Mumbai, Goa,
Chandigarh, Bengaluru, Gurgaon, Pune, Lonavala, Talegaon and
Kolkatta, the Company is in the process of
expanding its projects to other parts of India across tier I
and II cities.
Latest: Has announced aggressive growth plans to invest over
Rs2500 crore in the affordable and value homes
segment by 2011.
Tata Housing is a closely held Public Limited Company and a
subsidiary of Tata Sons Ltd. Since it’s revival in
SUNIL MANTRI
REALTY LTD
Headed by:
Sunil Mantri
About:
Company is poised on the cusp of rapid growth and expansion
into newer territories. The company is now poised to
diversify into hospitality and financial services sector in
a significant way. With 300% growth recorded in the past
three years, the company is one of the fastest-growing real
estate companies in India. From a presence in 2 cities, it
has grown miraculously to 14 cities in India and is
venturing into Malaysia to build an ICT centre in Johor.
With substantial presence across residential, retail,
commercial, office, IT parks and SEZ development, this
LODHA DEVELOPERS
Headed by:
Abhisheck Lodha, MD
About:
Hyderabad. Lodha Developers provides comprehensive
residential and office space solutions across real estate
categories and diverse consumer segments - from luxury
garden residences in South Mumbai to large integrated
townships in the suburbs, from thoughtfully designed office
environments to private villa retreats. The group has
extended this philosophy to office spaces as well, where it
was one of the first in India to introduce the concept of
branded office spaces.
Latest: Announcement of World One, a landmark development on
a 17 acre site, slated to be the tallest residential
development in the world.
Founded in 1980, Lodha Developers are primarily Mumbai based
with some presence in Pune and
AKSHAYA PRIVATE LTD
Headed by:
T Chitty Babu, Chairman & CEO
About:
of 15 years. Akshaya is one of the few CRISIL rated
organizations in Chennai’s real estate space. Akshaya’s
excellence in its endeavours has also resulted in the
Integrated ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007
Management System. The Integrated Management System
Certification, incidentally, has been conferred on only 11
companies in India.
Akshaya also achieved the feat of being one of the two
companies in our country to win the SA 8000:2008
Certification (the global social accountability standard for
creating employee-friendly workplace). Akshaya is now
foraying into commercial and IT space while envisioning
state-of-the-art shopping malls and diversified operations
in
other parts of South India.
Latest: Recently launched its luxury project, 36-Carat,
which became the only project in Chennai to get the coveted
‘Chennai-5 Star’ rating.
Headquartered in Chennai, Akshaya has successfully completed
over 148 landmark projects in a short period
THE 3C COMPANY
Headed by:
Three directors including renowned architect Vidur Bharadwaj
About:
on designing and developing green projects with on schedule
delivery. Its USP of developing environment friendly
designs has helped it carve a niche in the real estate
segment. The Company is currently developing projects worth
over Rs15000 crore.
Project Spectrum: The 3C Company has presence across
segments such as residential, commercial, IT Parks and
SEZs.
Latest: After the success of three green projects, it
announced the launch of another green residential project
called
Lotus Zing.
It has tied up with Kotak Real Estate Fund for this project,
which has a total capital outlay of Rs850 crore.
Founded in: 2007, The 3C Company has presence in the Delhi
NCR. The Company stands apart due to focus |
