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The latest GROHE-HURUN India Real Estate 150 report shows that Adani Properties emerged as one of the biggest gainers in the real estate sector despite a difficult year for the industry. The company's valuation rose by 72 per cent, making Gautam Adani the fourth-richest real estate entrepreneur in India. The report also highlights that most real estate firms witnessed a decline in valuations, while the BSE Realty Index fell sharply. DLF retained the top position, followed by Lodha Developers and IHCL, with only a limited number of companies reporting valuation growth.
Mumbai: Adani Properties, the real estate arm of the Adani Group, recorded one of the strongest performances in India's real estate sector over the past year, even as the industry witnessed slower growth and declining valuations across most companies, according to the latest 2026 GROHE-HURUN India Real Estate 150 report.
The report stated that billionaire Gautam Adani and his family's real estate wealth increased by 72 per cent during the year. Adani Properties added nearly INR 38,000 crore in valuation, taking its total value to INR 90,400 crore. Led by Pranav Adani and Rajesh Adani, the company has now become the fourth most valuable real estate business in the country in the Hurun rankings.
According to the report, Gautam Adani, India's richest individual, is steadily building what could become one of the country's largest real estate businesses. The Adani Group has been active in the real estate sector for several years through residential, commercial and mixed-use developments across multiple cities.
In Mumbai, the group is currently executing some of the country's largest redevelopment projects. These include the Dharavi Redevelopment Project, where the Maharashtra government holds a minority stake through a special purpose vehicle, and the redevelopment of Motilal Nagar in Goregaon. Both projects are expected to significantly increase the group's presence in Mumbai's redevelopment market over the coming years.
The Hurun report pointed out that Adani Properties stood out in an otherwise difficult year for the sector. The BSE Realty Index declined by 20 per cent during the period, while only 31 of the 151 companies covered in the rankings registered an increase in valuation. In comparison, 74 companies witnessed a fall in their valuations.
Overall, the combined valuation of the top 150 real estate companies increased by only 2 per cent, making it the slowest annual growth recorded since the Hurun real estate rankings were introduced nine years ago.
Hurun India Founder and Chief Researcher Anas Rahman Junaid observed that the rankings reflected a year in which the sector slowed rather than weakened completely. He added that the strongest performance came from newer entrants rather than established companies, indicating a shift in momentum within the industry.
The rankings continue to be led by DLF, which retained the top position with a valuation of INR 1.46 lakh crore. Lodha Developers remained second with a valuation of INR 93,700 crore, followed closely by Indian Hotels Company Limited (IHCL) at INR 93,300 crore. Gautam Adani secured the fourth position following the sharp rise in Adani Properties' valuation.
Another notable entrant was Prism, the real estate business linked to OYO founder Ritesh Agarwal, which entered the top five after its valuation more than doubled to INR 67,200 crore.
The report noted that while the top three positions remained unchanged despite lower valuations, companies such as Adani Properties, Prism and K Raheja Corp improved their rankings. At the same time, several established developers, including Oberoi Realty, Prestige Estates Projects and Godrej Properties, slipped in the rankings following weaker valuation performance.
The GROHE-HURUN India Real Estate 150 report is released annually and ranks India's most valuable real estate companies and entrepreneurs based on business valuations. It is considered one of the key indicators of value creation and changing trends within the country's property sector.
Source PTI
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