DLF Tops India’s Real Estate Rankings with ₹2.07 Trillion Valuation: Hurun Report

DLF has held onto the title of India’s most valuable real estate company, with a valuation of ₹2.07 trillion, according to the 2025 edition of the GROHE-HURUN India Real Estate 150 report. It leads the top 10 list, which is now collectively worth more than ₹8.5 trillion, with Lodha Group in second place (at ₹1.4 trillion) and Indian Hotels (₹1.1 trillion) in third.

The pace of valuation advancement saw a similar drop in the real estate sector, with 70% growth recorded in 2024 and an estimated 14% growth in 2025. This year, another ₹1.4 trillion was injected into the sector, attributed largely to the recovery which began after April. The recovery was supported by favorable macroeconomic dynamics, including cuts in the repo rate, lower prices for cement, and trimming of tariffs, which helped the industry bounce back from disruptions faced in early 2025 due to global conflicts and high input costs.

The highly valued unlisted real estate company Adani Realty, headed by Gautam Adani, is now valued at ₹52,400 crore. The group aims to be the largest property developer in terms of value in India in the next five years.

Mumbai continues to dominate as the hub of India’s real estate industry, housing 42 of the 150 ranked companies, collectively valued at ₹6.9 trillion. The city also led in financial discipline: Oberoi Realty reduced its debt by ₹1,449 crore bringing its total to ₹2,495 crore while Lodha Developers followed with a ₹1,363 crore cut, reducing total debt to ₹7,698 crore.

The report also named India’s wealthiest real estate entrepreneurs. Rajiv Singh of DLF topped the list, with a personal real estate wealth of ₹1.27 trillion, up 3%. Mangal Prabhat Lodha and family ranked second with ₹92,340 crore (up 1%), followed by Gautam Adani with ₹52,320 crore (down 7%).

According to Hurun India founder Anas Rahman Junaid, the emergence of new players like Aparna Constructions and M3M India in the top 10 reflects the sector’s broadening strength, institutional maturity, and growing regional power centers.