According to Screener, a stock analysis tool, ten prominent listed real estate companies—including DLF, Godrej Properties, Prestige Estates, Signature Global and others—achieved property sales worth an astounding Rs 12,867.8 crore in the latest quarter, resulting in impressive net profits.

This impressive growth was primarily driven by the strong demand for residential properties, particularly premium homes in major cities. Industry experts attribute the surge in sales among the top 10 listed players to robust housing demand and a preference for companies and brands with proven track records of successful project execution.

According to a report by rating agency Crisil, residential real estate developers are expected to achieve 8-10 percent sales growth this fiscal year, despite rising interest rates and home prices. This growth is supported by a 4-6 percent increase in volume and a 3-5 percent rise in capital values.

Here are the 10 best-listed real estate companies in the country—according to “Screener”, which have significantly contributed to the sector’s development and offer a wide range of real estate services:

1- DLF: DLF Limited, established in 1946, stands as one of India’s oldest and largest real estate enterprises, renowned for its high-quality residential and commercial projects. The company has played a pivotal role in the development of Gurgaon, a key commercial center near Delhi. DLF’s extensive portfolio encompasses shopping malls, luxury apartments, gated communities, office spaces, and hotels. As a publicly traded corporation listed on the NSE and BSE, DLF leverages its solid reputation, extensive experience, and diverse portfolio to capitalize on the expanding Indian real estate market.

2- Godrej Properties: Established in 1990, Godrej Properties has emerged as one of India’s foremost real estate companies, recognized for its innovative design, quality construction, and commitment to customer satisfaction. The company has developed numerous commercial and residential projects nationwide, earning a strong reputation in the industry. Godrej Properties has received several accolades, including the prestigious “Development of the Year” award from the National Real Estate Development Council (NAREDCO). With over 100 completed projects, it stands as one of India’s top-listed real estate firms.

3- Phoenix Mills: The Phoenix Mills Ltd has established itself as a prominent player in the Indian real estate sector, excelling in the development of mega retail malls, entertainment complexes, commercial spaces, and hospitality units. The company’s operations encompass all facets of real estate development, including planning, execution, marketing, management, maintenance, and sales. Phoenix Mills boasts a diverse portfolio of real estate assets located in cities such as Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly, and Ahmedabad.

4- Prestige Estates: The Prestige Group is now synonymous with innovation in the real estate sector. The company has spearheaded numerous landmark developments and introduced several firsts to South India. With over 300 completed projects covering a developable area of more than 180 million square feet, Prestige Group is a significant player in the industry. The company currently has 56 ongoing projects across various segments, totaling 86 million square feet in developable area. Additionally, it plans to launch 43 projects spanning 85 million square feet and holds a land bank exceeding 728 acres as of September 2023.

5- Oberoi Realty: Oberoi Realty has perfected the creation of high-quality, sustainable lifestyle standards. For more than 40 years, the group has enhanced, uplifted, and inspired the daily lives of homebuyers through its innovative designs. Over the past four decades, Oberoi Realty has established an unmatched brand reputation through its aesthetic design and consistent quality construction, meeting international standards.

6- Brigade Enterprises: Since 1986, Brigade has been dedicated to shaping India’s real estate landscape with landmark developments across various sectors, establishing itself as a prominent industry leader. With a diverse portfolio encompassing residential, commercial, hospitality, and retail projects, Brigade has built a distinguished legacy marked by consistent excellence and superior quality. The company’s industry leadership is rooted in its commitment to exceeding customer expectations. This customer-centric approach ensures that every Brigade development embodies the highest standards of elegance and sophistication.

7- Signature Global: Among the leading real estate companies, Signature Global has emerged as a standout player, making a significant impact on the industry. Listed just last year, the company has rapidly gained the trust and admiration of homebuyers and investors through its outstanding performance. Initially known for its affordable housing solutions, the company has successfully transitioned into the premium housing segment with the launch of two consecutive high-end projects:  Deluxe DXP and Titanium SPR, which have set a new benchmark in Gurugram’s real estate market with record sales exceeding ₹3600 crores and 2700 crore respectively. 

Signature Global has delivered an impressive 10.4 million sq. ft. of housing area to date and has a robust pipeline of approximately 32.2 million sq. ft. of saleable area in upcoming projects. Additionally, the company has 16.4 million sq. ft. of ongoing projects slated for execution over the next 2-3 years. In FY24, Signature Global achieved sales bookings totaling ₹72.7 billion, reflecting a remarkable sales CAGR of 62% from FY21 to FY24. Looking ahead, the company projects sales of ₹100 billion in FY25 and anticipates revenue recognition of ₹38 billion.

8- Sobha: Since its inception, SOBHA Limited has consistently aimed to set new standards in quality, customer focus, business ethics, and transparency. This steadfast commitment has established the company as the most preferred real estate brand in India. For over three consecutive years, SOBHA has been recognized as the top brand in the Indian real estate sector. Additionally, the company received top honors in India’s first-ever Real Estate Best Practices audit report in 2017 by Track2Realty.

 9- Anant Raj: Anant Raj Limited boasts a rich legacy of over fifty years, dedicated to transforming the real estate landscape. With its headquarters in Delhi, the company is recognized as one of the leading real estate developers in the country. Established in 1969 as a construction company, Anant Raj has executed major projects for the Delhi Development Authority (DDA) and other government bodies. Over the years, the firm has ascended to become one of the largest real estate developers in the Delhi and NCR region. Anant Raj takes pride in owning one of the most extensive land portfolios in the Delhi NCR area and maintaining a presence in nearly all facets of real estate.

10. Valor Estate Limited: (formerly known as D B Realty Limited), founded in 2007, has in a short span of time covered enormous ground, thereby establishing its place as a leading real estate developer in India. While company’s growth story is rooted in facts and figures, its legacy will be built on a strong reputation of excellence in residential, commercial and gated community developments. This is why, even during these challenging times, they remain deeply committed to their mission of creating superior developments in each of our market segments, and fulfilling promise to all of stakeholders.

The Company’s expanding portfolio consists of over 100 million sq. ft of prime property – carefully crafted by 15,000 experts and managed by over 500 internationally and nationally acclaimed executives- across 35 exclusive projects that have served close to 20,000 satisfied customers till date. Most of the projects are based in and around Mumbai, and are under various stages of planning and construction.

These companies have not only dominated the market but have also set benchmarks for quality, innovation, and customer satisfaction. Their contributions are pivotal in driving the growth of the Indian real estate sector, which continues to thrive and evolve. With the Indian real estate sector expected to reach a value of USD 1 trillion by 2030, the performance of top listed realty firms will be pivotal in shaping the industry’s future.

Also Read: Lodha recognized as the ‘Global Sector Leader in Sustainability’ by GRESB

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Dun & Bradstreet hosted the 2nd edition of the ‘Dun & Bradstreet ESG Leadership Summit 2024’ on March 13th, 2024 in Mumbai. The summit gathered industry leaders, government institutions, regulatory bodies, and ESG experts to discuss pressing challenges, opportunities, and the industry’s roadmap. It featured keynote addresses, deliberations with ESG leaders and government institutions, presentation of ‘ESG Awards 2024’, power-packed panel discussions, and the release of the report titled ‘ESG Champions of India 2024’.

Speaking on the occasion, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited, said, “At Oberoi Realty, we have embraced sustainable practices, good governance, and social responsibility with a continuous commitment to all our stakeholders, and the environment. While we believe there is still much to accomplish on our journey towards a more sustainable and equitable future, this recognition emboldens us to constantly enhance our efforts. We will continue to apply innovation, dedication, and collaboration as we work towards this goal.”

As Oberoi Realty is recognized as the ‘ESG Champions of India 2024’ in the Home Builders category by Dun & Bradstreet, it pledges to keep up the efforts for sustainability and responsible business practices continuing to work towards a sustainable and equitable future.

Also Read: Oberoi Realty achieves gross bookings of ~Rs 882 crores during the launch of its new tower in Elysian at Oberoi Garden City, Goregaon, Mumbai 

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Elysian is located within the ready ecosystem of Oberoi Garden City, Goregaon which has already transformed the city’s skyline to offer residents unmatched vistas of the neighbourhood. Elysian’s new tower offers a mix of aesthetically designed spacious 3 and 4-BHK apartments ranging from 1,792 to 3,512 sq. ft. (carpet area) offering extensive views from the large living. 

Elysian at Oberoi Garden City offer a plethora of lifestyle amenities that include landscaped garden, an entrance lobby with a high ceiling, a children’s play area, a jogging track, squash courts, a futsal court, a tennis court, a skating rink, a swimming pool, a kids pool, a gymnasium, pool deck, yoga room, multipurpose hall, cricket net, spa, party lawns to name a few. Oberoi Garden City is the flagship project of Oberoi Realty that transformed Goregaon into a most sought-after real estate destination. This integrated development is spread across 80 acres approximately and offers a ready social and lifestyle infrastructure with excellent connectivity to the metro, suburban station and business districts.  

Commenting on the overwhelming response to the project, Vikas Oberoi, Chairman and Managing Director, Oberoi Realty Limited said, “We are thrilled with the response received to the launch of our new tower in Elysian at Oberoi Garden City, Goregaon. It is very encouraging to see the continuous faith of our customers in the brand and its offerings. Elysian by Oberoi Realty is an extraordinary project in the ready ecosystem of Oberoi Garden City, Goregaon that redefines luxury and is designed to strike a balance between fine living and sense of community.”

Also Read: Mumbai Trans Harbour Link, a game changer for real estate in Panvel

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On January 7, the stamp duty registration office, saw a ₹116.42 crore worth realty deal.

According to documents accessed by SquareFeatIndia provided by Zapkey, the deal took place in Three Sixty West, Worli.

The seller is Oasis Realty, while the buyer is Vratika Gupta, founder of Madison Sia.

The carpet area of the apartment is 11,330 sq ft, along with an additional area of 812 sq ft.

A stamp duty of ₹5.82 crore was paid for the registration of the apartment.

The apartment is located on the 49th floor of the Tower A.

The new owner will also have an access to 8 car parking in the building.

Also Read: Oberoi Realty to acquire residential premises in Three Sixty West Valued at Rs 4k Cr

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Commerz II is a 30-storey building with a contemporary and sophisticated design. The modern façade of the tower features a cutting-edge double-glazed glass facade system that offers excellent views of the picturesque Aarey environs along with plentiful natural light which boosts energy efficiency. The structure is centrally air-conditioned on the inside, offering a comfortable environment for its tenants. Security system include turnstile access control system, metal detectors and baggage scanners. Furthermore, the skyscraper has considerable parking space on the basement and podium floors, as well as a controlled access system. 

Pankaj Gupta, CEO – Commercial Real Estate (CRE), Oberoi Realty Ltd, said, “We are honored to receive the LEED Platinum certification for COMMERZ II. This achievement underlines our dedication to creating sustainable spaces that benefit the environment and provide our customers with healthier and more efficient workplaces. Receiving the LEED Platinum certification for COMMERZ II is a testament to Oberoi Realty’s unwavering commitment to sustainable practices. We aim to set new benchmarks in the real estate industry by demonstrating that commercial projects can be both economically viable and environmentally responsible.” 

Oberoi Realty is dedicated to developing projects that satisfy the highest design, construction, and finishing standards. Their creations epitomize exquisite craftsmanship and attention to detail, with an uncompromising focus on quality and elegance. Residents and companies alike benefit from the careful selection of prime locations, which ensures accessibility and value appreciation. Oberoi Realty’s passion for architectural quality and sustainability demonstrates its drive to develop distinctive structures that blend in with the surroundings. Timely delivery, a customer-centric approach, transparency, and a broad portfolio all contribute to their position as a market leader in luxury real estate. 

Also Read: Oberoi Realty to acquire residential premises in Three Sixty West Valued at Rs 4k Cr

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A pent house in Mumbai’s luxury tower Three Sixty West was sold last week. This tower is located in Worli and has seen some big ticket deals in the last few years.

According to date provided by Zapkey.com the deal was signed on February 8, 2023.

The sale transaction is for a total amount of ₹230.55 crore.

The seller is Oasis Realty (through its partner Skylark Buildcon Pvt Ltd) whereas the buyer is Texreal Private Ltd. (through Authorized Signatory Mukulraj Raghoti)

The buyer profile is that of a Textile Company based in Kuchchh, Gujarat and is a Welspun company. 

The Property Details include Penthouse No. 6301 admeasuring 29885 Sq ft RERA Carpet Area, located on the 63rd Floor, of Tower B, of Three Sixty West, alongwith terrace area 4815 Sq ft , additional area 411 Sq ft and free sale land 12165.77 sqmt.

The new owner will also have access to 14 Car parking spaces in the building. Stamp duty of ₹13.83 crore was paid for the registration of the pent house.

Also Read: Worli Sees Yet Another Big Ticket Deal.

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The notice reads, Special Business which states, “To consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to Regulation 23(4) and other applicable Regulations of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the applicable provisions of the Companies Act, 2013 (“Act”), if any, read with related rules, if any, each as amended from time to time and the Company’s Policy on Related Party Transaction(s), the approval of the Members be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the “Board”, which term shall be deemed to include the Operations Committee or any other Committee constituted/ empowered/ to be constituted by the Board from time to time to exercise its powers conferred by this resolution) to enter into material related party transactions of following nature (whether by way of an individual transaction or transactions taken together or series of transactions or otherwise) with Oasis Realty (“Oasis”) a related party of the Company under Regulation 2(1)(zb) of the SEBI Listing Regulations, on such terms and conditions as may be agreed between the Company and Oasis which will be undertaken at an arm’s length basis, to be entered during the period commencing from the date of passing of this resolution till the expiry of twelve months thereafter:

Nature of transaction: Purchase/ acquisition of one or more residential premises in the project ‘Three Sixty West’ situate at Annie Besant Road, Worli, Mumbai – 400 025 together with all rights, title, interest, benefits, and privileges in respect of the said premises, and the exclusive/ nonexclusive right of usage of car parking spaces, constructed areas appurtenant to the said premises, common areas, facilities, amenities, and conveniences in the said project (“Premises”)

Proposed value of transaction: An aggregate consideration of up to Rs.4000,00,00,000 (Rupees Four Thousand Crore only) and also the payment of applicable corpus fund contribution, levies, duties, fees, cesses, taxes (including GST), costs, charges, deposits, expenses (including stamp duty, registration charges), maintenance, property tax, outgoings, present and future, in respect of the said premises/project.

RESOLVED FURTHER THAT the Board, be and is hereby authorised, to do and perform all such acts, deeds, matters and things, as may be necessary, including finalising the terms and conditions, methods and modes in respect thereof and finalising and executing necessary documents, including contract(s), scheme(s), agreement(s) and such other documents, file applications and make representations in respect thereof and seek approval from relevant authorities, including Governmental/regulatory authorities, as applicable, in this regard and deal with any matters, take necessary steps as the Board may, in its absolute discretion deem
necessary, desirable or expedient, to give effect to this resolution and to settle any question that may arise in this regard and incidental thereto, without being required to seek any further consent or approval of the members or otherwise to the end and intent that the members shall be deemed to have given their approval thereto expressly by the authority of this resolution.

RESOLVED FURTHER THAT the Board, be and is hereby authorised to delegate all or any of the powers herein conferred, to any Director(s), Chief Financial Officer, Company Secretary or any other Officer(s)/ Authorised Representative(s) of the Company, to do all such acts and take such steps, as may be considered necessary or expedient, to give effect to the aforesaid resolution(s).

RESOLVED FURTHER THAT all actions taken by the Board or any person so authorized by the Board, in connection with any matter referred to or contemplated in any of the foregoing resolution, be and are hereby approved, ratified and confirmed in all respects.

Also Read: Oberoi Realty Ltd signs 18 acre Thane land deal

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Akshay Kumar has sold his property in Andheri west for a whooping Rs 6 crore to Daboo Malik. Daboo Malik is the father of music composer duo Armaan and Amaal Malik.

Daboo Malik is also a music director, this property is bought him along with his wife Jyoti Malik. They are parents of Armaan Malik and Amaal Malik).

Akshay Kumar had bought this house in November 2017 for Rs 4.12 crs. He had invested cumulatively Rs 15.1 cr in 4 properties in the same project in 2017.

The property that Akshay has sold to the Malik’s is on the 21st floor of Transcon Triumph- Tower in Andheri west. According to documents provided by Zapkey.com, the deal was signed on August 12, 2022.

The total area of the apartment is 1281 sq ft carpet area plus 59 sq ft balcony. The owners will also have access to parking lots in the building.

A stamp duty of Rs 36 lakh was paid for the registration of the apartment.

Akshay Kumar is a prolific real estate investor. Some of the recent and overall deals include his purchase of an apartment in the building Joy Legend, at Khar West, for which he had paid Rs 7.84 crore, this deal was signed in January 2022.

In December 2021, he had bought an office property in Lodha’s Lower Parel project for Rs 4.85 crore.

Akshay Kumar is an active investor in properties with multiple buy, sale and rent deals across Mumbai properties like- Bharat Ark in Andheri West, Oberoi Prisma in Andheri east-JVLR, Piroja Court in Juhu, Oberoi Spring in Andheri West, Prime Beach in Juhu, Oberoi Sky City in Borivili East, Oberoi Enigma in Mulund West, Oberoi Eternia in Mulund West, Oberoi 360 West.

Also Read: Akshay Kumar buys Khar flat for ₹7.84 Crore

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By Varun Singh

In yet another big ticket deal, a flat was sold in Mumbai’s Worli area for Rs 61 crore. This deal took place in the building Three Sixty West, which also saw a deal last week where two flats were sold for Rs 151 crore. 

According to documents provided by Zapkey.com, the deal was registered on September 6, 2022. The seller in this case is Oasis Realty, whereas the buyer is  Amit Indubhushan Bakshi, who is Chairman/Managing Director of Eris Lifesciences Pvt Ltd, a listed pharma company.

The flat is located on the 46th floor (30th habitable floor) of the Worli building. The stamp duty paid for the registration of the apartment is Rs 3.66 crore. 

The new owner shall have access to three car parks in the building. 

Recently, two deals were registered on September 8. The first flat is located on the 58th floor of the building, whereas the second one is on the 59th floor. Each flat costs Rs 75.5 crore and measures 8,036 sq ft, thus taking the total consideration of the apartment to Rs 151 crore and the total area to 16,072 sq ft.

The stamp duty paid for the registration of both apartments is Rs 9.06 crore. The buyer here is a firm named IGE (India) Pvt ltd, whereas the seller is Oasis Realty.

This building in the past has seen some major big-ticket deals.

• In March 2018, industrialist Niraj Bajaj paid ₹120 crore for a flat on the 50th floor of Three Sixty West. 
• In the same year that is 2018, Shahid Kapoor bought a flat on the 42nd & 43rd floors of the building for ₹55.6 crore. 
• In September 2020, BJP MLA Kirti Kumar (Bunty) Bhangdiya from Chimur constituency in Vidarbha’s Chandrapur district bought a flat on the 26th floor of this building for ₹42.5 crore.

Also Read: Oberoi Realty Ltd signs 18 acre Thane land deal

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By Varun Singh

Luxury real estate is doing good in Mumbai and here’s yet another example to prove it.

A home spread over two floors in a luxury building in Mumbai’s Worli was recently sold for ₹151 crore.

The deal took place in the luxury realty project Three Sixty West, which is home to several top business and Bollywood celebrities.

According to documents made available by Indextap.com, the deals were registered on September 8, 2022.

The first flat is located on the 58th floor of the building, where as the second one is on the 59th floor. (These are 42nd and 43rd habitable floors of the building).

Each flat costs ₹75.5 crore and measures 8,036 sq ft, thus taking the total consideration of the apartment to ₹151 crore and the total area to 16,072 sq ft.

The stamp duty paid for the registration of both the apartments is ₹9.06 crore.

The buyer here is a firm named IGE (India) Pvt ltd, whereas the seller is Oasis Realty.

Along with the home the new occupants of the flats will have an access to 6 car parks.

This property received its Occupancy Certificate (OC) last month, and experts say that because of this too the prices of home in the building has seen a considerable rise.

“On checking the transactions of project 360 West we saw most sale transactions in years 2020-2021 were in the range of ₹65,000-₹70,000 per sq ft wherein a 7,530 sqft appartment traded at approx. ₹47-50Cr. This project received its OC last month, post which the project has seen phenomal rise in tradead value. The recent transaction in September 2022 of unit size of 8,036 sq ft traded at ₹75.5cr, which is approx. 95,000 per sq ft. Once again, this reiterates that HomeBuyers prefer Ready Properties and there is still an unsatiated appetite of luxury homes in Mumbai,” said Abhishek Kiran Gupta, CEO & Co-founder, Indextap.com

This building in the past has seen some major big ticket deals.

In March 2018, industrialist Niraj Bajaj had paid ₹120 crore for a flat on the 50th floor of Three Sixty West.

In the same year that is 2018, Shahid Kapoor had bought a flat on the 42nd & 43rd floor of the building for ₹55.6 crore.

In September 2020, BJP MLA Kirti Kumar (Bunty) Bhangdiya from Chimur constituency in Vidarbha’s Chandrapur district bought a flat on the 26th floor of this building for ₹42.5 crore.

In November 2021, Umesh Dharnidharka and Nisha Dharnidharka, well known faces of Mumbai’s business circle paid ₹51 crore for a flat on the 30th floor of the building.

Also Read: Romesh Sobti sold a flat for Rs 41.32 Cr which he had bought in 2020 for Rs 38.15 Cr

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