The valuation of India’s top 100 real estate companies has experienced an unprecedented surge, increasing by 70% in just one year, according to the latest 2024 GROHE-Hurun India Real Estate 100 list. The collective valuation of these firms now stands at a remarkable Rs 14.2 trillion. This growth reflects the robust performance and recovery of the real estate sector post-pandemic, driven by high demand and strategic expansions.
Key players in the market have significantly boosted their sales and project launches. For instance, Ashwin Sheth Group has announced an ambitious investment of Rs 5,000 crore to expand its business and plans to raise Rs 3,000 crore through an Initial Public Offering (IPO) within the next 18-24 months. The company’s sales bookings have tripled to Rs 1,500 crore over the past fiscal year, with aims to double this figure in the current year (Business & Finance News).
Ajmera Realty & Infra has also reported a 36% rise in sales bookings to Rs 306 crore for the first quarter of this fiscal year, citing strong demand and successful project launches as key factors for this growth (Business & Finance News).
These developments indicate a positive outlook for the real estate sector, with companies not only expanding their portfolios but also exploring new markets across major metropolitan regions such as Mumbai, Delhi-NCR, and Bengaluru, and even venturing into other segments like warehousing (Business & Finance News) (Business & Finance News).
For more detailed information, you can read the full article on Business Standard.