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TOP 5 REAL ESTATE COMPANIES IN INDIA
DLF
Delhi Land and Finance Limited (DLF) is the largest real estate player in India with more than 20,000 crores of Market Capitalization. It builds retail, office and residential properties. It is now present in 24 cities in India across 15 different states. The company presently has 45msf of projects under construction along with 290 msf of planned projects. DLF is a Delhi based company founded by Chaudhary Raghvendra Singh in 1946. Its first venture was Krishna Nagar in Delhi which was successfully completed in 1949. With that success, it took long leaps in real estate construction in the subsequent years developing 21 colonies in Delhi which included colonies in some well-known areas like Kailash Colony, South Extension and Greater Kailash. Its growth in other cities came as a consequence of the passage of Delhi Development Act in 1957, which stated that government will assume control in all the real estate activities in Delhi.
Oberoi Realty
Oberoi realty is one of the leading real estate builder in India and is based out in Mumbai. Its interests lie in developing residential, hospitality, retail, office and infrastructure properties in Mumbai. It has completed over 38 projects that aggregate to around 9.16 million sq. feet of spaces across Mumbai. It also has aggressive plans for its growth in future with another 20.61 million sq. feet in the construction and planning phase across Mumbai and other regions.
The company is led by Vikas Oberoi, one of the richest billionaires in India. It was incorporated as Oberoi constructions in early 1980s by his father. He took over the company in 1997 and led the company in growth route by developing several residential and commercial projects. He presently has 75% stake in the Oberoi Realty. Morgan Stanley’s real estate arm invested $152 million for a 10% stake in the company recently. Oberoi Realty Limited has been listed on the Bombay Stock Exchange in 2010.
Radiance Realty
Radiance Realty is an Indian real estate development company that develops residential real estate projects in the Chennai area. Under the leadership of MD Varun Manian, Radiance Realty has raised from good to best in the field of construction. The company, 60 per cent of whose upcoming residential projects are on the rapidly developing IT corridor of Rajiv Gandhi Salai (OMR), Chennai, is staking its claim to be the fastest growing real estate firm in the city. Radiance traces its roots to NAPC, an engineering, procurement and construction company, which was acquired in January 2012 by French infrastructure and contracting multinational Vinci. Radiance has delivered projects totalling over 3.82 lakh sq. ft of built-up space. The under-construction projects are a little over 27.80 lakh sq. ft. The sale of the road and infrastructure construction business of NAPC turned Radiance cash rich. NAPC was in the business for over six decades and at the time of the sale its revenue was about Rs.600 crore.
Prestige Estates
Prestige estate is part of Prestige group of companies. t is one of the leading developers in South India featuring into Commercial, Hospitality, Residential and Retail sectors. It is a Bangalore based company with its corporate office in The Falcon House. The company has finished over 180 projects till now spanning the developed are to an extent of 61 million square feet. It currently has 57 ongoing projects spanning about 60 million sq.ft. It also has 43 more projects coming up in the future covering several asset classes like Shopping malls, Apartment conclaves and Corporate Offices.
Sobha
Sobha limited was earlier known as Sobha developers, is one of the top most companies in the real estate projects. It is headquartered in Bangalore. It projects include residential areas and housing projects, commercial premises, townships and others. It also carries manufacturing related activities related to interiors. The idea behind this is to provide backward integration to its turnkey projects. Though it involves in other manufacturing related activities its prime focus always remains to be on residential and contractual projects.
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Interview with one of the Young Businessmen from South India - Varun Manian
Radiance Realty is a renowned and a successful realty venture that is managed by the young and dynamic entrepreneur, Varun Manian. Radiance Realty is based out of Chennai and is spreading its wings fast down south in India and abroad. The Manian family is at the heart of Radiance Realty. In 1949 they established NAPC, a leading construction company in Chennai, India and the Middle East. In 2012, NAPC Properties evolved to become Radiance Realty Developers India Ltd.
Radiance Realty is Varun’s brainchild. He proudly says, “The real estate business is completely my baby. I am passionate about it and believe being a local player is a massive advantage. Look at a huge company like DLF – they still make most of their profits out of Gurgaon but when they come to Chennai, the going gets very tough for them, because they don’t have the local knowledge that is so vital in this business. Also the fact that we are an old, well-respected family has proved to be a huge advantage for us to be in this space. And you know the other big advantage we have in real estate – that made us dive into it – is that we’ve been a construction company our whole life; building is in our DNA – it is a great skill that we have.”
They might be new players in the realty business – a small fish in an ocean of whales, but Varun is confident. “I believe we are well known. Buyers have confidence in us as a family. They know that we will do it; that’s one victory for us,” he beams. Nevertheless, he is realistic about the challenges of the market. “The brand ‘Radiance’ is new and for us to compete with brands that have been around for 30-40 years is quite a task. They have a lot of repeat customers, and huge databases so we are probably a little bit behind on that front but we are aware of it and are very confident of catching up too.”
Read full interview on http://www.ritzmagazine.in/2013/09/work-hard-play-harder/
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Construction stories after Chennai Floods
Chennai floods was one of the devastating natural calamities that hit southern part of India. Real estate sector was one of the most affected sectors. During these days real estate sector saw a downfall of rates. But this didn't go for long. Now again real estate sector has seen a growth in rates and also demand. Many construction projects which were affected because of floods has again started their respective projects and also booking has commenced.
Radiance Realty is one of the top reputed builder in Chennai and they have projects like Mandarin, Shine and Mercury which stood strong during the flood phase as well. Sharing some construction images during the floods.
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