Real Estate Sector – Major Players in India

The Indian real estate sector has traditionally been an unorganised sector but it is slowly evolving into a more organised one. The sector is embracing professional standards and transparency with open arms. The major established domestic players in the sector are DLF, Unitech, Hiranandani Constructions, Tata Housing, Godrej Properties, Omaxe, Parsvanath, Raheja Developers, Ansal Properties and Infrastructure and Mahindra Lifespace Developers Ltd to name a few. International players who have made a name for themselves in India include Hines, Tishman Speyer, Emaar Properties, Ascendas, Capitaland, Portman Holdings and Homex

DLF Limited 

Headed by – Dr. Kushal Pal Singh, Chairman. DLF group is a leading real estate developer in India since 1946. DLF has been instrumental in putting Gurgaon on the urban landscape of India. 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.

DLF 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. It is the Largest real estate company with revenues of USD866.4 million (FY11) and has a Market capitalisation of USD7.2 billion.

DLF has over 220 million sq. ft. of existing development projects and 574 million sq. ft. of planned projects. DLF has so far developed 22 urban colonies, and an entire integrated 3,000-acre township - DLF City. DLF's development projects across India span over 30 cities: Gurgaon, Ambala, Shimla, Amritsar, Jalandhar, Ludhiana, Sonepat, Panipat, Chandigarh, Panchkula, Noida, New Delhi, Jaipur, Indore,Ahemdabad, Baroda, Lucknow, Faridabad, Mumbai, Pune, Nagpur, Goa, Kochi, Kokkanad, Chennai, Bangalore, Vytilla, Coimbatore , Hyderabad, Bhubhaneshwar and Kolkata.

UNITECH

Headed by - Mr. Ramesh Chandra is the Executive Chairman of Unitech  Established in 1972, Unitech is India’s leading real estate developer in India. It is the first developer to 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 NI FTY 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

Ansal API

Headed by - Mr. Sushil Ansal is the ChairmanEstablished in 1967 as a family business; Ansal API today is clearly amongst the real estate leaders of India. 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, Kuru kshetra, 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.

Sobha Developers Ltd

Headed by - Mr. P.N.C. Menon is the founder of Sobha Developers. The Company was founded in 1995 by PNC Menon. 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 sqft area in 18 cities across India (as of 31 March 2010). The company currently has 21 on-going residential projects aggregating to 8.5 million sqft, while 4.24 million sqft of contractual projects are under various stages of construction.

Parsvnath Developer Ltd

Headed by - Mr. Jain. Incorporated in July 1990 by Mr. Jain in New Delhi, Parsvnath today has a substantial pan India presence in 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.

Godrej Properties

Headed By - Mr. Adi Godrej Chairman, Godrej Group. It started its first project in Mumbai in 1991. It has National real estate developer with presence across 11 cities, It Differentiated joint development business model resulted in a debt-equity ratio of less than one. Its Current area under development stands at 83.5 million square feet. It is ranked one of India’s top 10 builders by Construction World Architect & Builder Awards, 2011 with consolidated total income of USD 116 million. It has land bank is widely diversified across India, giving it enough scope to address the demands of multiple micro markets and has already launched projects in Ahmedabad and Kolkata

Omaxe Group

Headed by – Mr. Rohtas Goel, CMD. Over the past 22 years, Omaxe has established itself through diverse range of residential and commercial 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.

Omaxe 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

Lodha Developers

Headed by - Abhisheck Lodha, MD. Founded in 1980, Lodha Developers are primarily Mumbai based with some presence in Pune and 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.

Lodha has announced the World One, a landmark development on a 17 acre site, slated to be the tallest residential development in the world.

Other prominent Property developers are listed below :

Ø  Oberoi Realty Limited

Ø  Kalpataru Group

Ø  Sobha Developers Limited (South)

Ø  Puravankara Group (South)

Ø  Ambuja Realty (East)

Ø  Merlin Group (East)