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 daunting and 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: With a track record of 64 years, DLF is India’s largest real estate company in terms of revenues, earnings, 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.
