Leading real estate companies by market capitalization March 2024

As of December 6, 2023, the Delhi Land & Finance Limited (DLF) lead the list of Indian real estate companies for residential and commercial complexes with a market capitalization of over 2,080 billion Indian rupees. The National Stock Exchange (NSE) in New Delhi includes 43 real estate developers under this category. The real estate industry is one of the fastest growing sectors in India and was estimated to reach a total value of one trillion U.S. dollars by 2030.

Who is driving the real estate industry?

With the central government tightening regulations in the residential segment in recent years and a mismatch of demand and supply for housing, the commercial, office, and retail segments have been the key drivers within the real estate industry. Nevertheless, all segments felt the impacts of the coronavirus crisis in 2020 with less transactions, less realizations, rising vacancies and falling prizes.

DLF Limited

The Delhi Land & Finance Limited (DLF) was founded in 1946 in New Delhi. At first, it developed residential colonies in renown neighborhoods in southern Delhi, such as Greater Kailash and Hauz Khas. When the government took control over real estates in Delhi in the mid-1950s, DLF concentrated on other locations and the commercial segment. From the 1970s onwards, it was one of the driving factors in developing the small town of Gurugram (formerly known as Gurgaon) into a vibrant city. In financial year 2020, DLF reported a consolidated revenue of nearly 69 billion Indian rupees. Besides its residential projects and high-end shopping malls, DLF gained popularity as the title sponsor of the Indian Premier League between 2008 and 2012.