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With 36 bn-dollar realty firms, India pips China
The Morning Standard
|July 12, 2024
THE deepening crisis in the Chinese realty market has seen India overtaking the northern neighbour in terms of number of billion-dollar real estate companies with 36 in 2024, which is six more than in the Middle Kingdom, which had before the crisis as many as 100 of them.
This also has the country becoming the top realty market in the whole of Asia, a remarkable growth from just seven such companies six years ago, as per 2024 Hurun India real estate 100 report released here Thursday.
Topping the list, prepared in association with luxe sanitaryware brand Grohe, is DLF, valued at ₹2 trillion, followed by Macrotech Developers at ₹1.4 trillion, and Indian Hotels Company, the Tata firm owns and runs the Taj group of hotels, at ₹79,150 crore. This list has been extended to include hospitality and shared workspaces too, Hurun said.
This story is from the July 12, 2024 edition of The Morning Standard.
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