The biggest Real Estate company in India
By Nawaz Sayyed
Story tellers claims tall storeys but fact remains. India’s biggest and most efficient builders with clear business models are here for you to compare on market capitalisation method. The market capitalisation as on 31st March 2010 was taken into account besides their profits after tax and source of income from main source.
In today’s scenario if we will observe that every story related to realtors or Real Estate Company headed with the words “the biggest real estate company in India”, but who are the real biggest or toppers of real estate sector. This newspaper brought you the real top 10 sector players of the year those are playing the key role in the market.
Rank: Sector Players Mkt Cap (Rs. mn)
1 D L F Limited 382118.51
2 Unitech Limited 98372.92
3 Oberoi Realty Limited 78857.26
4 Housing Development and Infrastructure Limited 68620.91
5 Indiabulls Real Estate Limited 45482.71
6 Godrej Properties Limited 42276.72
7 Prestige Estates Projects Limited 36727.86
8 D B Realty Limited 28509.93
9 Sobha Developers Limited 26408.6
10 Omaxe Limited 22988.95
DLF Limited: DLF Limited is India’s largest real estate company in terms of revenues, earnings, market capitalization and developable area. The company has 399 msf of planned projects with 56 msf of projects under construction. The development business at present has 302 msf of development potential with 40 msf of projects under construction. As per reports in the contemporary real estate market DLF is on the top of the sector players list.
Unitech Limited: Unitech is the first real estate developer to have been certified ISO 9001:2000 certificate in North India. According to the market capitalization figures Unitech, is the India’s second leading business group involved in large-scale integrated real-estate development and infrastructure projects, today announced its unaudited consolidated financial results for the quarter and nine months ended 31st December 2010. The company recorded a growth of 17.88% (Y-o-Y) in total income, which stood at Rs.2196.38 Crores for the nine months ended December 31, 2010. Net profit for the same period stood at Rs.465.16 Crores down 9.08% as compared to the corresponding period of the previous fiscal. So as per the top list Unitech Limited has got the second rank in the top10 list of sector players.
Oberoi Realty Limited: Oberoi Constructions, the group was established in the early 1980s and later re-branded as Oberoi Realty, has come a long way. They have completed 34 projects covering approximately 5 million square feet of saleable area spread across the city of Mumbai. With nearly 3 decades of experience at showcasing the best of design layouts and construction quality, Oberoi Realty has become synonymous with aspirational developments. The Oberoi Realty group currently manages a portfolio spanning across Residential, Office Space, Retail, Hospitality and Social Infrastructure properties in Mumbai, the commercial capital of India. So Oberoi Realty Limited has reserved the 3rd rank in the top10 list.
Housing Development and Infrastructure Limited: HDIL is a public listed real estate company in India with shares traded on the BSE & NSE Stock Exchanges. HDIL group has completed more than 100 million sq.ft of construction in all verticals of real estate and has rehabilitated around 30,000 families in last one decade.
The Turnover stands at Rs.455.35 crores and PAT available for appropriation is Rs. 251.92 crores. Over a period of one year, HDIL has launched 10 residential projects and sold more than 13mn. sq ft of apartments
Our ongoing residential projects are 12.22 mn sq ft and HDIL plans to launch residential portfolio of approximately 27 mn sq ft in next six months. The company plans to launch projects in Pune, Shahad, Panvel and Boisar in Mumbai outskirts and Kandivali within Mumbai Housing Development and Infrastructure Ltd. (HDIL) has kept the fourth rank in the top10 list.
Indiabulls Real Estate Limited: Indiabulls Group was established in 2000 and within a short span has achieved the great success in Indian business houses. And financial markets having a combined net worth in excess of Rs. 18,000 crores. Indiabulls Real Estate (IBREL) is India’s 5th largest listed developers currently developing 57 million square feet of residential and commercial real estate. IBREL has an additional land bank in excess of 3,050 acres. IBREL’s strategy is to be a focused regional player. More than 90% of IBREL’s portfolio by value is in the three major markets of Mumbai, NCR and Chennai. IBREL’s has acquired land in excess of Rs. 3,000 crores through government land auctions alone over the past five years. IBREL has delivered a record 3.3 million SF developed space valued in excess of Rs. 7,000 crores (within 4 years of inception).
Godrej Properties Limited: Established as GPL in 1990 One of the first real estate companies to have obtained an ISO certification Projects in 10 cities across India Upcoming development of 82 million square feet Prime locations, good value, excellent construction, efficient support collaboration with outstanding associates. As per market capitalization valuation it’s on the 6th rank.
Prestige Estates Projects Limited: Prestige Court on K.H. Road in Bangalore set the pace and with over 153 developments covering 38.5 million sq ft of developable area to its credit, Prestige constructions now house a very large populace residing in South India. Also, Prestige hosts some of the biggest MNCs in business here with residential, commercial, retail and hospitality developments on the cards approximating 61.4 million sq. ft. just in area. A presence in the retail sector with multiplexes and malls, Prestige has built for itself a name in property development. So as per research Prestige Estates Projects Limited got the seventh rank.
D B Reality: India’s fastest growing development company having their head quarter in India’s financial capital Mumbai. And also known globally as the most expensive real estate to buy or to rent. DB Reality has rapidly expanding portfolio of more than 30 Ultra premium projects under various stages of planning and also completion in both Mumbai and India’s latest global IT city, Pune. DB Reality has 20.5million sq. ft in forthcoming and upcoming projects. DB Realty stuck in the current controversy because of MD Shahid Balwa’s alleged involvement in 2G spectrum but still they have saved the 8th rank in the top sector players list.
Sobha Developers Limited: In the past 14 years since its inception, 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 4.24 million sq. ft. of contractual projects are under various stages of construction. On an average, Sobha has constantly executed about 6 million sq. ft. of work on an average basis over the last 5 years. In the current year, which will be the 15th year of establishment, Sobha Developers are inching towards the execution of the 50th million sq. ft., which will be a landmark in the real estate industry. Sobha Developers has ranked as 9th in the list.
Omaxe Limited: The last but not the least Omaxe Limited has ranked as 10th in the top10 list. In the span of a few years, Omaxe Ltd. has experienced exponential growth and success, crowned by its landmark IPO oversubscribed by 68 times in 2007, and is now amongst the largest public-listed real estate development companies in India. The company has completed and delivered 17 projects across India, covering sprawling 10.68 million sq ft of total area, consisting of 9 Group Housing projects, 2 integrated townships and 6 commercial projects. The company is currently working on 52 real estate projects – 21 Integrated Townships including a Hi-Tech Township, 20 Group Housing projects, 9 Shopping Malls & Commercial Complexes, and 2 Hotel projects. Besides, Omaxe has a diversified portfolio of infrastructure and construction contracting businesses. In this vertical, there are 11 ongoing projects that comprises of EPC Contracts, Roads & Bridges construction. Omaxe has progressed with leaps and bounds already making its presence felt in 39 cities and 11 states across the country. The company posted net revenue of Rs 1014.7 cr and net profit of Rs 112.5 cr (on consolidated basis) in the Fiscal year 2009-10.807