DLF, Lodha and Indian Hotels Company secure top spot in Hurun India Top 150 Real Estate Companies

DLF has retained the title of the country’s most valuable real estate company with a value of ₹2 lakh crore, according to the Grohe-Hurun India Top 150 Real Estate Companies of 2025. Lodha Developers and Indian Hotels Company (Also known as The Taj Group of Hotels) secured the second and third spot on the list, with a valuation at ₹1.4 lakh crore and ₹1.1 lakh crore, respectively.

Released on Thursday, the cumulative value of the 150 companies on the list grew by just 14%, compared to 70% last year, the lowest growth in the history of the list. The combined value of these companies however, stood at ₹16 lakh crore, up by ₹1.9 lakh crore from last year. This was higher than the GDP of Kuwait and the combined GDP of Jordan and Bulgaria.

“Despite early-year turbulence due to global conflicts and input cost pressures, the industry added ₹1.4 lakh crore in value led by a sharp post-April recovery. DLF, Prestige , and Anant Raj posted over 20% rebounds in just 2 months,” said Anas Rahman Junaid , Founder And Chief Researcher, Hurun India, in a statement.

Of the 63 new entrants this year, Ritesh Agarwal -led Oyo found entry into the list for the first time, and that too becoming a part of the top 15 directly.

Meanwhile, Adani Realty reclaimed the top spot the most valuable unlisted real estate company. Over 51% of these 150 companies saw their value increase compared to 86% last year.

Mumbai topped the list with 42 companies, followed by Bengaluru at a distant 23, New Delhi with 16.

The youngest company to have debuted on the list was Deepak Parekh-led Schloss Bangalore, which was valued at ₹13,600 crore. The company was founded just 6 years ago.

The list has only four women-led companies. These include Pavitra Shankar of Brigade Enterprises (₹27,200 crore), Priya Paul of Apeejay Surrendra Park Hotels (₹3,600 crore), Jyotsna Suri of The Lalit (₹3,000 crore), and Meenakshi Ramji of Sowparnika (₹2,800 crore).