Major Players in Indian Real Estate Sector

Indias veridical country market is on a high branch curve. The industry is ascertained to grow to US$50 billion by the end of FY2010 at an average rate of 20%. Looking at the abundantger picture, the recession seems handle a hiccup. contempt talks of price correction, the worse is definitely behind us. In this travailure, we present(a) our list of market leaders. The task was dauntingand complicated. Instead of a list that says Indias Top 20, we divided the players regionally based on their headquarters. Many atomic number 18 national players but some are purely regional players and accordingly it would be unfair to compare them.The idea was to identify national as head as local leaders. Of course, all such lists are open to market dynamics. TOP REAL ESTATE COMPANIES FROM NORTH DLF Ltd Headed byDr Kushal pal up Singh, death chair virtuallyWith a track record of 64 years, DLF is Indias salientst true(a) soil participation in terms of revenues, earnings, market cap italisation and developable area. It before long has pan India movement crossways 30 cities with approximately 238 jillion sq ft of accomplished development and 413 million sq ft of planned projects, of which 56 million sq ft of projects are under anatomical structure during FY10.Project Spectrum Residential, townships, commercial complexes, IT Parks, hotels, multiplexes, etcetera Quick incidentOnly listed tangible estate phoner include in the BSE Sensex, NSE Nifty, MSCI India Index and MSCI Emerging Markets Asia Index. Latest Will paying back its luxury mall DLF Emporio (already operational in New Delhi) to other big cities such as Hyderabad and Chennai. OMAXE LTD Headed byRohtas Goel, CMD approximatelyOver the erstwhile(prenominal) 22 years, Omaxe has naturalized itself through diverse range of residential and commercial projects. The club at present has 53 projects under execution and prep.Omaxe Ltd was the eldest structure Company of northern India to receive a n ISO 90012000 evidence. Project Spectrum Integrated townships, Group housing, SEZs, shop malls & commercial complexes and hotels. Latest Has entered into infrastructure sector through Omaxe stand & Construction Ltd (OICL), a wholly owned subsidiary. OICL has bagged the first pack together to construct lavishlyway and ternary high level bridges in Punjab. The contract is awarded by Greater Mohali Area Development Authority and its measure out is pegged at Rs704 million. UNITECH Headed byRamesh Chandra, Executive Chairman about(predicate)Established in 1972, Unitech is today Indias leaders real estate developer in India. It is the first developer to suck up been assured ISO 90012000 in North India. Project Spectrum Unitech offers alter projects crossways residential, commercial/IT position, retail, hotels, amusement set and SEZs segments. Unitech was the first real estate participation to be diverge of the National investment firm Exchanges NIFTY 50 Index. The familiarity has everywhere 600,000 shareholders. Unitech and Norway based Telenor Group came together to haoma Uninor a telecommunication run company providing GSM services across India.Latest Has ventured into the infrastructure rail line by launching Unitech Infra. ANSAL API Headed bySushil Ansal, Chairman astir(predicate)Established 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, S unitypat, Panipat, Karnal, Kurukshetra, Faridabad, Gurgaon, Greater Noida, and Ghaziabad, Meerut, Agra, Lucknow, to name a few.Ansal API has till date, developed and delivered much than 190 million sq ft. The company presently has a land stand-in of intimately 9,335 acres. Project Spectrum Integrated Townships, Condominiums, Group Housing, Malls, Shopping Complex, Hotels, SEZs, IT Parks and groundwork and Utility Services Latest Raised Rs231. 4 crore through unavowed placement of shares with institutional investors for reducing its debt and execute ongoing projects. PARSVNATH DEVELOPERS LTD Headed byPradeep Jain, Chairman near embodied in July 1990 by Mr Jain in New Delhi, Parsvnath today has a substantial pan India mien in over 45 cities across 16 states. The company has emerged as iodine of the approximately progressive and multi-faceted real estate and construction entities in India. Project spectrum Housing (premium, mid-market as well as affordable), office complexes, shopping malls & hypermarkets, hotels, multiplexes, IT Parks and SEZs. Quick detail First real estate company to have combine with ISO 9001, 14001 and OHSAS 18001.Latest update Has partnered with Red Fort Capital to execute a Concession musical arrangement with DMRC for development of a prime Grade A office project in New Delhis Connaught Place. TOP REAL ESTATE COMPANIES FROM tungsten GODREJ PROPERTIES LTD Headed byMilind Korde, MD AboutEstablished in 1990, Godrej Properties Ltd (GPL) brings the Godrej Group doctrine of innovation and virtue to the real estate industry. GPL aspires to be among Indias nip three real estate companies while continuing to be the most trusted name in the industry.GPL has immaculate several landmark projects and is currently developing significant projects in 11 cities across India. Godrej Properties Ltd is listed on the Bombay Stock Exchange (BSE) and The National Stock Exchange (NSE). Latest Sold over 200 apartments within 2 days of launch of its project Godrej marches in Gurgaon. This is the companys first residential project in northern India. K RAHEJA CORP Headed byChandru L Raheja, Chairman AboutIncorporated in 1956, this Mumbai based real estate giant has been tenanted in real estate development for much than four decades.K Raheja corp has built residences, commercial creates and hotels t hroughout India. The Group too diversified in the hospitality sector in 1981and in the retail sector in 1991. The company has several landmark projects to its credits across cities. Quick fact K Raheja Corp has given a firm commitment to have all of its future projects undertaken anywhere in India to be Leed Certified young Building Projects. OBEROI realty LTD Headed byVikas Oberoi, CMD AboutFounded in 1998, the company was deep in limelight for its IPO.The Companys coalesced total income and consolidated net profit after tax and prior period items as restated were Rs8,054. 95 million and Rs4,576. 20 million for the year ended show 31, 2010 and Rs 1658. 27 million and Rs797. 96 million for the three months ended June 30, 2010. The company has front man in Mumbai and Pune. Project Spectrum Oberoi Realty focuses on premium, single quadrangle and mixed used development across residential, office property, retail, hospitality and neighborly infrastructure segments. KALPATARU G ROUP Headed byMofatraj P Munot, PromoterAboutEstablished in 1969, Kalpataru is integrity of the trail real estate development collections in India. The Group has been combat-ready primarily in the Mumbai Metropolitan Region (MMR) & Pune. It is also attempt projects in other key cities such as Hyderabad, Surat, Nagpur, Jaipur and Udaipur. The Kalpataru Group has interests in real estate development, property and project focussing, engineering, procurement and construction (EPC) espial for power transmission and infrastructure projects including road projects, warehousing and logistics.Project Spectrum The focus has been on the development of premium residential, commercial, retail, integrated townships, lifestyle gated communities and redevelopment projects. DB REALTY Headed byVinod Goenka and Shahid Balwa AboutIt is wiz of Indias fastest growing real estate companies headquartered in Mumbai. The Company currently has more than 30 extremist premium projects under various stages of planning and also completion in both Mumbai and Pune. It has 20. 5 million sq ft of saleable area of ongoing projects with a projected area of 40. 5 million sq ft in extrovertive and upcoming projects.DB Realty is publicly listed company both on BSE and NSE with a market capitalisation of more than Rs10000 crore. Latest a couple of(prenominal) months ago, it bagged the right to redevelop a large chunk of the 100-acre PWD government small town in Mumbais Bandra suburb. This leave alone be one of the biggest redevelopment projects in the city. TOP REAL ESTATE COMPANIES FROM SOUTH SOBHA DEVELOPERS LTD Headed byPNC Menon, Chairman AboutThe Company was founded in 1995 by PNC Menon after he returned home from the optic East where he was acclaimed for quality interiors and construction since 1977.Today, this Rs10 billion plus company is one of the largest and scarce backward integrated company in the construction arena. Its IPO in 2006 was oversubscribed by 126 times that c reated 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 sq ft area in 18 cities across India (as of 31 March 2010). The company currently has 21 ongoing residential projects aggregating to 8. 5 million sq ft, while 4. 4 million sq ft of contractual projects are under various stages of construction. BRIGADE GROUP Headed byMR Jaishankar, CMD AboutEstablished in 1986, Brigade is one of to the south Indias leading property developers. It is headquartered in Bangalore with projects extending across several major cities in South India like Chennai, Chikmagalur, Hyderabad, Kochi, Mangalore and Mysore. Project Spectrum Brigade has a multi-domain portfolio that covers property development, property management services, hospitality and education.Latest Brigade recently obtained the license from the dry land Trade Centers connective to cl assify and manage its one million sq ft office dominate in its mixed use project Brigade Gateway as World Trade Centre Bangalore. PURAVANKARA GROUP Headed byRavi Puravankara, Founder and CMD AboutEstablished in 1975, the Group has grown to be one of the leading real estate developers of the country, primarily in the premium housing segment. It has projects across cities like Bangalore, Chennai, Kochi, Coimbatore, Hyderabad, Mysore, Kolkata and Colombo. The Group also has a armorial bearing in Dubai, UAE.With a land bank of over 125 million sq ft, the Group has in a higher place 20 million sq ft of residential and commercial space currently under construction. Latest Recently launched Purva Venezia that recreates the beauty of Venice at Yelhanka in Bangalore. NITESH ESTATES Headed byNitesh Shetty, MD AboutFounded in 2004, Nitesh Estates is an integrated property development company headquartered in Bangalore. Project Spectrum In just six years, the Company has brought more than ni ne million sq ft of space under development across housing, hotels, office buildings and shopping malls.The company is growing even faster with plans to pass its operations in other cities like Goa, Chennai, Hyderabad and Kochi. Nitesh Estates has to its credit a series of firsts the first to win Indias largest corporate housing project (ITC Limited), one among the first few to attract FDI in real estate (Och Ziff and Citigroup) and has the property of bringing to India its very first Ritz Carlton. It has 27 ongoing and forthcoming projects in and around Bangalore and Goa. It has land bank of 19 million sq ft, which will be developed in the next 4-5 years.PRESTIGE ESTATES PROJECTS LTD Headed byIrfan Razack, CMD AboutFounded in 1986, Prestige has completed more than 142 projects and has 59 ongoing projects. The company has presence in Bangalore, Chennai, Hyderabad, Kochi, Mysore as well as Goa. Project Spectrum Develops projects across segments like residential, commercial, integr ated township, retail, leisure & hospitality and mixed-use. Latest Prestige increase Rs12 billion rupees through its IPO recently. TOP REAL ESTATE COMPANIES FROM eastward AMBUJA REALTY Headed byHarshavardhan Neotia, CMDAboutAmbuja Realty has been providing housing in West Bengal, in a pioneering reefer venture with West Bengal Housing Board for the past 15 years under the name Bengal Ambuja. The first real estate company in Eastern India to get ISO 9002 Certification, in 1999, Bengal Ambuja has also make them the highest developer rating in India DRI from ICRA, in 2003. Project Spectrum The Group has a diversified presence across segments like residential, retail, commercial and hospitality. The company is also planning an aggressive pan-India growth strategy to deliver an unprecedented number of high-quality projects.Currently, it is building more malls, hospitals, IT Parks, luxury resorts, business hotels and are even aspiring to build a University. Latest To invest around Rs500 crore in developing three shopping malls under the City Centre brand in Raipur, Haldia and Patna. merlin GROUP Headed bySushil Mohta, MD Aboutpigeon hawk Group is a recognized name in the realty business of Indias east move. The Group has grown over past three decades with over 50 residential and commercial complexes as well as several standalone projects.Project Spectrum Merlin Group has innovated with various stressats and core projects including premium housing, essential housing, country homes and bungalows, medium malls, office towers, IT buildings, hotels new coevals clubs, and resorts, serviced apartments stadium and townships. It also has presence in other parts of India with its various residential and commercial projects at Chennai, Chhattisgarh and Ahmedabad. PS GROUP Founded byPradip Kumar Chopra & Surendra Kumar Dugar AboutToday, the true pair of founders has grown into a group of seven players, with the second generation joining the business in right ea rnest.Project Spectrum PS Group is compound in the development of premium residential complexes, integrated townships, commercial buildings, hotels, IT parks and a wide range of shopping malls. The company already has completed 100 projects with Trinity Plush and intends to complete another 50 projects in the next two years. HILAND GROUP Headed byNayan Basu, CEO Credited with more than 50 multi-storeyed landmark developments adorning the skyline of Kolkata, the Hiland Group has today emerged as one of the most prominent developers in Kolkata.Latest The Group has also entered into a 5050 joint venture with West Bengal Housing Board to form Bengal United Credit Belani Housing Ltd. Hiland Woods is the key project of this joint venture. It is a residential development catering to a mix of demographic profiles across LIG, MIG and HIG. BELANI GROUP Headed byNandu Belani AboutThe Company commenced operations in Kolkata in 1967 and has pioneered the business of building, promoting and deve loping high-rise apartments and commercial buildings in the city over the last four decades. Some of the key rojects through with(p) by this Group are Metro Towers, IDBI Building, British Deputy High Commission, Belmont Apartments, East End Gardens, Neelkamal , Shakespeare Court, Greenwoods and Palacio. The Group has presence across segments like integrated townships, residential, commercial, retail and hospitality. TOP REAL ESTATE COMPANIES TO WATCH OUT FOR We plagiarize up our feature with five names to watch out for. TATA admit DEVELOPMENT COMPANY Headed byBrotin Banerjee, MD & CEO AboutTata Housing is a closely held Public Limited Company and a subsidiary of Tata Sons Ltd.Since its revival in 2006, Tata Housing has been focused on developing and transforming real estate development in India. With the primary business being the development of properties in residential, commercial and retail sectors, the companys operations span across various aspects of real estate developm ent. With real presence in Mumbai, Goa, Chandigarh, Bengaluru, Gurgaon, Pune, Lonavala, Talegaon and Kolkatta, the Company is in the process of expanding its projects to other parts of India across tier I and II cities.Latest Has announced aggressive growth plans to invest over Rs2500 crore in the affordable and value homes segment by 2011. SUNIL MANTRI REALTY LTD Headed bySunil Mantri AboutWith substantial presence across residential, retail, commercial, office, IT parks and SEZ development, this Company is poised on the cusp of rapid growth and involution into newer territories. The company is now poised to diversify into hospitality and financial services sector in a significant way. With 300% growth enter in the past three years, the company is one of the fastest-growing real estate companies in India.From a presence in 2 cities, it has grown miraculously to 14 cities in India and is venturing into Malaysia to build an ICT centre in Johor. LODHA DEVELOPERS Headed byAbhisheck Lodha, MD AboutFounded 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. Latest Announcement of World One, a landmark development on a 17 acre site, slated to be the tallest residential development in the world. AKSHAYA PRIVATE LTD Headed byT Chitty Babu, Chairman & CEO AboutHeadquartered in Chennai, Akshaya has achieverfully completed over 148 landmark projects in a short period of 15 years.Akshaya is one of the few CRISIL rated organizations in Chennais real estate space. Akshayas excellence in its endeavours has also resulted in the Integrated ISO 90012008, ISO 140012004, OHSAS 180012007 counseling System. The Integrated Management System Certification, incidentally, has been conferred on only 11 companies in India. Akshaya also achieved the feat of being one of the two companies in our country to win the SA 80002008 Certification (the global social accountability standard for creating employee- affectionate workplace).Akshaya is now foraying into commercial and IT space while envisioning state-of-the-art shopping malls and diversified operations in other parts of South India. Latest Recently launched its luxury project, 36-Carat, which became the only project in Chennai to get the coveted Chennai-5 Star rating. THE 3C COMPANY Headed byThree directors including renowned architect Vidur Bharadwaj AboutFounded in 2007, The 3C Company has presence in the Delhi NCR. The Company stands apart due to focus on intention and developing green projects with on schedu le delivery.Its USP of developing environment friendly designs has helped it carve a niche in the real estate segment. The Company is currently developing projects worth over Rs15000 crore. Project Spectrum The 3C Company has presence across segments such as residential, commercial, IT Parks and SEZs. Latest After the success of three green projects, it announced the launch of another green residential project called Lotus Zing. It has tied up with Kotak Real Estate investment firm for this project, which has a total capital outlay of Rs850 crore.