Mumbai has once again cemented its position as India’s real estate capital, with 42 of the country’s 150 highest-valued real estate companies calling the city home. This finding comes from the 2025 Grohe-Hurun India Real Estate Report, which maps India’s most valuable real estate firms.
Trailing Mumbai are Bengaluru (23 companies), New Delhi (16), and Hyderabad and Pune, with 13 companies each. These five cities together account for 71% of India’s most valuable real estate companies.
Valuations Tell the Story
According to the report, Mumbai’s 42 real estate companies boast a staggering combined valuation of ₹6.96 lakh crore. Bengaluru follows with firms valued at ₹1.97 lakh crore, while New Delhi’s 16 firms are worth ₹89,700 crore in total.
Hyderabad’s 13 companies command a valuation of ₹93,700 crore, and Pune’s total stands at ₹44,800 crore. Other cities in the top 10 include Gurugram, Chennai, Ahmedabad, Noida, and Kolkata.
Real Estate Goes National and Global
Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, highlighted the growing geographical footprint of these companies.
“Mumbai reaffirms its position with ₹6.9 lakh crore in value, while cities like Bengaluru, Hyderabad, and Pune saw record additions. Nearly 60% of companies operate beyond their home state, and 17 have a global presence, a sign of Indian real estate brands scaling both nationally and internationally,” Junaid said.
The total value of India’s top 150 real estate firms stands at ₹16 lakh crore ($188 billion).
Leadership Shifts: Professionals, Women, and Youth Rise
The report also points to a transition towards professional management, with 33 companies led by CEOs outside of founding families. Four of the firms are led by women, indicating a gradual, though limited, move toward inclusivity.
Junaid added that leadership is becoming more diverse in age and background, “While the average age of company heads is 67, the youngest leader is just 31, showing how India’s real estate leadership is both seasoned and evolving.”
India’s Richest Real Estate Tycoons
The report also names India’s wealthiest real estate entrepreneurs. Rajiv Singh of DLF tops the list, followed by Mangal Prabhat Lodha and family (Lodha Developers), and Gautam Adani (Adani Realty) in third place.
