The report, which listed top 150 real estate companies in India, revealed that Mumbai tops the list with 42 companies which have a cumulative valuation of Rs 6,96,800 crores
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Mumbai is home to 42 of the 150 highest valued real estate companies in India, reaffirming its position as India’s real estate capital, according to a report.
The 2025 Grohe - Hurun report, which listed top 150 real estate companies in India, revealed that Mumbai tops the list with 42 companies, followed by Bengaluru with 23, New Delhi with 16, and Hyderabad and Pune with 13 companies each. Together, these cities account for 71 per cent of the list.
According to the report, the 42 companies in Mumbai have a cumulative valuation of Rs 6,96,800 crores. Bengaluru ranks second with the total value of companies being Rs 1,97,400 crore. New Delhi holds the third spot with 16 companies valued at Rs 89,700 crore. While the combined value of 13 companies in Hyderabad is Rs 93,700 crores, those in Pune have a total valuation of Rs 44,800 crore.
Other cities in the Top 10 are Gurugram, Chennai, Ahmedabad, Noida and Kolkata.
Anas Rahman Junaid, founder and chief researcher at Hurun India, said, “Mumbai reaffirms its position as India’s real estate capital with 42 companies valued at Rs 6.9 lakh crores, while cities like Bengaluru, Hyderabad, and Pune saw record additions. The report shows a clear nationalisation trend — 60 per cent of companies operate beyond their home state, and 17 now have a global footprint. This growing geographic spread reflects how India’s real estate champions are building brands that are national in scale and global in ambition.”
The combined value of India’s most valuable real estate companies according to the list stands at Rs 16 lakh crores (USD 188 billion).
Real estate leaders
The report also revealed that 33 of the top 150 companies are run by professional CEOs who do not hail from the founding family, indicating a shift towards professional management.
Four out of the 150 companies on the list are led by women.
“The report reveals a more inclusive, entrepreneurial ecosystem that is building brands beyond generational family firms. That the average age of company heads is 67, yet the youngest leader is 31, shows that India’s real estate leadership is both seasoned and evolving,” Junaid stated.
It further revealed India’s wealthiest real estate entrepreneurs and Rajiv Singh of the DLF group tops the list. He is followed by Mangal Prabhat Lodha and family of Lodha Developers as Gautam Adani of Adani Realty ranks third.
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