DLF has emerged as the India’s most valuable real estate company with a valuation of ₹2.07 trillion, according to the GROHE-Hurun India Real Estate 150 report for 2025, reported Business Standard. The Gurugram-based developer, founded in 1946, is India’s largest listed real estate firm.
Gautam Adani-led Adani Realty became India’s most valued unlisted real estate firm, worth ₹52,400 crore. The company aims to become India’s No.1 property developer by value within five years.
Mangal Prabhat Lodha is the second richest Indian in real estate with a wealth of ₹92,340 crore in 2025, behind DLF’s Rajiv Singh (₹1.27 trillion) and ahead of Gautam Adani (₹52,320 crore).
The overall value growth in India’s real estate sector fell from 70% in 2024 to just 14% in 2025. Despite global conflicts and high input costs early in the year, the sector's value increased by ₹1.4 trillion due to a strong recovery after April.
Repo rate cuts, lower cement prices, and easing import tariffs boosted the real estate sector’s mid-year recovery. These favourable economic trends helped balance out the early-year slowdown caused by global and cost pressures.
The top 10 companies in the 2025 GROHE-HURUN India Real Estate 150 are now worth over ₹8.5 trillion, led by DLF (₹2.1 trillion), Lodha (₹1.4 trillion), and Indian Hotels (₹1.1 trillion). Aparna Constructions and M3M India made their debut in the top 10, signalling the rise of regional champions.
Aparna Constructions and M3M India entered the top 10 list for the first time, highlighting the emergence of strong regional players in India's real estate market.
Mumbai remains the real estate capital of India, with 42 companies headquartered there. These firms collectively hold a valuation of ₹6.9 trillion.
Oberoi Realty led debt reduction efforts by slashing ₹1,449 crore, bringing its total debt down to ₹2,495 crore. Lodha Developers followed, cutting debt by ₹1,363 crore to ₹7,698 crore. DLF Chairman Rajiv Singh is India’s richest real estate entrepreneur, with his wealth rising 3% to ₹1.27 trillion. Gautam Adani secured the third spot, despite a 7% decline to ₹52,320 crore.
