A major upheaval has been seen in the real estate sector of India. Veteran businessman Gautam Adani has now become the richest real estate businessman in the country. He has left DLF’s Rajeev Singh behind in the ‘Grohe-Hurun India Real Estate Rich List’ of 2026. On one hand, there was a huge decline in the valuations of many big real estate companies listed in the stock market, on the other hand, Adani’s company has achieved this position by creating a bumper value of Rs 38,000 crore in a single year. However, the crown of the most valuable company in the real estate sector is still reserved with DLF.
Adani’s company’s valuation soared like a rocket
According to the latest report of Hurun, Adani Properties has registered the fastest and biggest growth in the real estate sector of India this year. The valuation of the company has jumped by 72.5 percent on an annual basis to Rs 90,400 crore. On the basis of this amazing growth, Gautam Adani and his family have occupied number 1 in the list of the rich. His real estate wealth has increased by 73 percent compared to last year.
This Ahmedabad based company has now become the fourth largest real estate company in the country. Additionally, it is also India’s most valuable unlisted real estate developer. According to Hurun’s report, Adani Group had decided to consolidate all its real estate business under Adani Properties, the direct benefit of which has been seen in the form of this huge jump in the valuation of the company.
No one could shake the reign of DLF
This year was a bit difficult for the real estate companies listed in the stock market. Gurugram-based developer giant DLF also saw a huge decline of 29.3 per cent in its valuation. Despite this, with a whopping valuation of Rs 1.46 lakh crore, DLF has easily retained its title of being India’s most valuable real estate company.
Talking about the list of rich people, DLF promoter Rajeev Singh has now slipped to second place with assets worth Rs 90,200 crore. In the top list of companies, Lodha Developers is at second place with a valuation of Rs 93,700 crore. However, its valuation has also decreased by 32.2 percent. At the same time, Indian Hotels Company remains at the third position with Rs 93,300 crore.
The year was very slow for the property market
This report of Hurun also presents a gloomy picture of the entire property market. The total valuation of 151 companies included in the list has increased by only 2 percent to Rs 16.5 lakh crore. This is the slowest growth since Hurun started making this list (in the last nine years). Last year this growth was 14 percent. According to the report, the BSE Realty index of the stock market has also fallen by 20 percent. The main reasons behind this have been geopolitical uncertainties, concerns about Artificial Intelligence and weak sentiment of investors in the market, which has had a direct impact on residential real estate.
Money remained with only a few selected companies
During the entire year, only 31 companies saw an increase in valuation, while 74 companies suffered losses. Overall, only Rs 34,300 crore was added to the value of companies this year, which is much less than last year’s growth of Rs 1.4 lakh crore.
The special thing is that about two-thirds of the new wealth created this year was earned only by Adani Properties and Oyo (Prism). The valuation of Oyo’s parent company ‘Prism’ has taken a huge dive of 106.8 percent to Rs 67,200 crore, due to which this company has joined the fifth position in the list of top 5. These figures clearly show that this time the profits of the real estate market have been limited to only a few selected big companies.
Leave a Reply