New Delhi, July 31, 2025 — The 2025 GROHE-Hurun India Real Estate 150 report has unveiled a reshaped landscape of India’s property sector, now valued at a staggering ₹16 lakh crore ($188 billion). DLF Ltd. retains its crown as the country’s most valuable real estate company, while Indian Hotels Company (Taj Group) and OYO have emerged as unexpected high-rankers, signaling a diversification beyond traditional developers.
DLF leads the pack with a valuation of ₹2.07 lakh crore, up 2.6% year-on-year, followed by Lodha Developers at ₹1.38 lakh crore. In a notable shift, Indian Hotels Company surged 37% to ₹1.08 lakh crore, securing third place and underscoring the hospitality sector’s growing influence. Prestige Estates, Godrej Properties, Oberoi Realty, Phoenix Mills, and Adani Realty round out the top eight.
OYO, led by Ritesh Agarwal, made its debut in the Top 15, marking a significant milestone for the co-living and budget hospitality segment. The report also highlights the entry of regional players like M3M India and Aparna Constructions, each valued at ₹37,400 crore, reflecting the sector’s expanding geographic footprint.
Despite a slowdown in growth — from 70% in 2024 to just 14% in 2025 — the industry added ₹1.4 lakh crore in value. Hospitality firms now account for ₹2.7 lakh crore, with 22 companies featured, while co-working models continue to gain traction, led by SmartWorks.
Mumbai remains the dominant hub with 42 companies, followed by Bengaluru (23), New Delhi (16), and Hyderabad and Pune (13 each). Notably, 60% of firms now operate outside their home states, and 17 have a global footprint.
The report signals a maturing real estate ecosystem, with diversified verticals and resilient fundamentals despite macroeconomic headwinds. The cut-off to enter the list now stands at ₹1,000 crore — double that of 2019 — reflecting rising thresholds and investor confidence.
