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Real Estate

Who is in this listDevelops, sells or leases homes, offices, malls or land: property developers and landlords.

Ask about this theme

Companies

50

41 added, 0 removed at this review

Combined market value

₹7,65,581 cr

Prices 8 Nov, 3:59 pm IST

Largest two

39.4%
DLF and Lodha Developers

Main business only: 40.5% (DLF and Lodha Developers)

Reviewed

4 Nov 2026

Next: after the Oct to Dec quarter results, February 2027

Renamed from Real Estate & REITs at this review

The rule

Written 4 Nov 2026

Who is in
This theme is a sector. Every listed company (NSE or BSE, main board or SME) classified Residential Commercial Projects is in, plus companies in other classes whose known business is developing or leasing property (labelled). Listed REITs are not included because our data has their unit prices but no units outstanding, so their value cannot be checked. Builders that only construct for others (Civil Construction) are not included.
How we check it
Exchange industry Residential Commercial Projects (sector Realty), or a known property development or leasing business line (labelled); listed in India (NSE or BSE, main board or SME), market value at least ₹500 crore at the 3 Nov 2026 close.
Operating today
The company already sells products or services in this industry. Announced plans, plants under construction and pre-revenue units are listed under "Not yet operating" until they sell.
Revenue share
Not in our data. The test is the business line, not a percentage of revenue.
Listing and size floor
Listed on NSE or BSE (main board or SME), market value ₹500 cr or more at the review date.
What it is not
Not weighted, not an index and not a recommendation. A list of companies that do this work.

Companies in this theme

50 companies · main business first, then one line, each by market value · 8 Nov, 3:59 pm IST · reasons generated

DLFDLF · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹1,84,659 crShare24.1%746.00−0.92%
Lodha DevelopersLODHA · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹1,17,272 crShare15.3%1,173.90−0.43%
The Phoenix MillsPHOENIXLTD · Residential Commercial ProjectsClassified as Residential Commercial Projects. Runs shopping malls (known business line). Generated 4 NovMain businessExchange classificationKnown business lineMarket cap₹76,194 crShare10.0%2,130.50−1.13%
Prestige Estates ProjectsPRESTIGE · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹69,128 crShare9.0%1,604.90−1.48%
Oberoi RealtyOBEROIRLTY · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹63,161 crShare8.3%1,737.10−0.11%
Godrej PropertiesGODREJPROP · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹54,070 crShare7.1%1,795.10−0.78%
Anant RajAdded 4 NovANANTRAJ · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹16,482 crShare2.2%458.00+2.82%
SobhaSOBHA · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹13,580 crShare1.8%1,270.00−0.42%
Brigade EnterprisesBRIGADE · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹13,575 crShare1.8%555.00−0.56%
Sri Lotus Developers and RealtyAdded 4 NovLOTUSDEV · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹11,394 crShare1.5%233.14−0.29%
Signatureglobal (India)Added 4 NovSIGNATURE · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹10,628 crShare1.4%756.35+1.14%
Max EstatesAdded 4 NovMAXESTATES · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹8,418 crShare1.1%515.00+2.50%
NescoAdded 4 NovNESCO · Diversified Commercial ServicesClassified as Diversified Commercial Services. Leases an IT park, runs an expo centre (known business line). Generated 4 NovMain businessKnown business lineMarket cap₹7,405 crShare1.0%1,051.00+0.63%
Embassy DevelopmentsAdded 4 NovEMBDL · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹7,295 crShare1.0%52.80+2.11%
Mahindra Lifespace DevelopersAdded 4 NovMAHLIFE · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹6,853 crShare0.9%321.20+3.06%
NirlonAdded 4 NovNIRLON · Diversified Commercial ServicesClassified as Diversified Commercial Services. Leases the Nirlon Knowledge Park offices (known business line). Generated 4 NovMain businessBSE onlyKnown business lineMarket cap₹5,733 crShare0.7%636.15+0.18%
Ganesh HousingAdded 4 NovGANESHHOU · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹5,511 crShare0.7%660.90+2.20%
KalpataruAdded 4 NovKALPATARU · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹5,214 crShare0.7%253.20+1.80%
PuravankaraAdded 4 NovPURVA · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹4,837 crShare0.6%203.95+2.49%
Valor EstateAdded 4 NovDBREALTY · Residential Commercial ProjectsClassified as Residential Commercial Projects. Formerly D B Realty (known business line). Generated 4 NovMain businessExchange classificationKnown business lineMarket cap₹4,621 crShare0.6%85.20+1.95%
Man InfraconstructionAdded 4 NovMANINFRA · Residential Commercial ProjectsClassified as Residential Commercial Projects. Also develops its own projects (known business line). Generated 4 NovMain businessExchange classificationKnown business lineMarket cap₹4,485 crShare0.6%111.10+0.70%
Keystone RealtorsAdded 4 NovRUSTOMJEE · Residential Commercial ProjectsClassified as Residential Commercial Projects. Rustomjee homes (known business line). Generated 4 NovMain businessExchange classificationKnown business lineMarket cap₹4,464 crShare0.6%353.65+2.15%
Sunteck RealtySUNTECK · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹4,380 crShare0.6%298.30−0.02%
Kolte - Patil DevelopersAdded 4 NovKOLTEPATIL · Residential Commercial ProjectsClassified as Residential Commercial Projects. Generated 4 NovMain businessExchange classificationMarket cap₹4,032 crShare0.5%454.65−0.70%
Raymond RealtyAdded 4 NovRAYMONDREL · Residential Commercial ProjectsClassified as Residential Commercial Projects. Demerged from Raymond (known business line). Generated 4 NovMain businessExchange classificationKnown business lineMarket cap₹3,738 crShare0.5%561.50+1.67%

Linked, not in the list

Companies a reader might expect here, and why each is out

Other links 3

They do not work in this industry, or fail the listing and size floor.

  • EMBASSY, MINDSPACE, BIRET, NXST, KRT, BAGMANE

    Listed REITs (office and mall trusts). Our data has 3 Nov unit prices (e.g. EMBASSY ₹411.22, MINDSPACE ₹487.20) but no units outstanding, so value is not computable; REIT units are not company shares. Generated

  • NBCC (India)NBCC

    Classified Civil Construction: a government contractor that also sells some projects (known); construction is the main line. Generated

  • Peninsula LandPENINLAND

    Classified Residential Commercial Projects: about ₹449 crore at the 3 Nov close, below the floor. Generated

Re-checked at every review.

How the value is spread

The two largest, DLF and Lodha Developers, are 39.4% of the combined ₹7,65,581 cr. No two companies hold half of the theme's value. Counting only the 45 companies whose main business this is (combined ₹7,45,060 cr), the largest two, DLF and Lodha Developers, are 40.5%.

Each block is one company, largest first. This list is not weighted, so nothing caps one company's share.

Official index: Nifty Realty

The constituent list is not loaded yet.

1-year price change

This list, members' median −19.40% to 6 Nov 2026, 43 of 50 with a 1-year history

What changed in these companies

25 Sept 2026 to 8 Nov 2026 · 101 items from 47 of 50 companies

6 Nov 2026

5 Nov 2026

4 Nov 2026

3 Nov 2026

2 Nov 2026

  • Deal
    Agi InfraBulk deal: ARIHANT CAPITAL MARKETS LIMITED, bought 4,56,825 shares at ₹252.76
  • Deal
    Agi InfraBulk deal: ARIHANT CAPITAL MARKETS LIMITED, sold 6,79,989 shares at ₹252.4
  • Results
    PuravankaraPress Release
  • Results
    NirlonQ2 FY2027 results filed

31 Oct 2026

30 Oct 2026

29 Oct 2026

28 Oct 2026

27 Oct 2026

  • Deal
    Agi InfraALPHAGREP SECURITIES PRIVATE LIMITED; same-day buy and sell by one client
  • Deal
    Agi InfraARIHANT CAPITAL MARKETS LIMITED; same-day buy and sell by one client
  • Results
    OmaxeOutcome of Board Meeting
  • Results
    Raymond RealtyPress Release

26 Oct 2026

24 Oct 2026

23 Oct 2026

22 Oct 2026

21 Oct 2026

20 Oct 2026

19 Oct 2026

16 Oct 2026

15 Oct 2026

13 Oct 2026

9 Oct 2026

1 Oct 2026

  • Deal
    NirlonBlock deal: INRE FUND II, bought 23,25,000 shares at ₹615
  • Deal
    NirlonBlock deal: NIHAR NANDAN NILEKANI, sold 23,25,000 shares at ₹615
  • Other filing
    Sunteck RealtyDemerger

30 Sept 2026

28 Sept 2026

  • Deal
    Agi InfraARIHANT CAPITAL MARKETS LIMITED; same-day buy and sell by one client

25 Sept 2026

  • Corporate action
    Sri Lotus Developers and RealtyDividend - Re 0.50 Per Share, ex-date 25 Sept 2026
  • Deal
    Agi InfraBulk deal: ARIHANT CAPITAL MARKETS LIMITED, bought 10,61,216 shares at ₹269.49
  • Deal
    Agi InfraBulk deal: ARIHANT CAPITAL MARKETS LIMITED, sold 13,01,036 shares at ₹269.14
  • Deal
    Raymond RealtyALPHAGREP SECURITIES PRIVATE LIMITED; same-day buy and sell by one client
  • Deal
    Raymond RealtyBulk deal: HRTI PRIVATE LIMITED, bought 2,46,987 shares at ₹715.91
  • Deal
    Raymond RealtyBulk deal: HRTI PRIVATE LIMITED, sold 3,41,584 shares at ₹718.5
  • Deal
    Raymond RealtyPLUTUS WEALTH MANAGEMENT LLP; same-day buy and sell by one client
  • Deal
    Raymond RealtyQE SECURITIES LLP; same-day buy and sell by one client
  • Order
    Vascon EngineersAwarding of order(s)/contract(s)

563 routine filings left out.

Change log

Quarterly, after results

  1. 4 Nov 2026 · review against the rule above

    +41 −0

    • Valor Estate Limited added: Classified as Residential Commercial Projects. Formerly D B Realty (known business line). (Exchange classification, Known business line) Generated 4 Nov
    • Ajmera Realty & Infra India Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Elpro International Limited added: Classified as Residential Commercial Projects. Pune mall and property, plus investments (known business line). (Exchange classification, Known business line) Generated 4 Nov
    • Max Estates Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Modis Navnirman Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Ashiana Housing Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Arkade Developers Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Shriram Properties Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Omaxe Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • GeeCee Ventures Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Garuda Construction and Engineering Limited added: Classified as Residential Commercial Projects. Builds homes, mostly as a contractor (known business line). (Exchange classification, Known business line) Generated 4 Nov
    • Arihant Superstructures Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Man Infraconstruction Limited added: Classified as Residential Commercial Projects. Also develops its own projects (known business line). (Exchange classification, Known business line) Generated 4 Nov
    • Nirlon Limited added: Classified as Diversified Commercial Services. Leases the Nirlon Knowledge Park offices (known business line). (Known business line) Generated 4 Nov
    • Vascon Engineers Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • TARC Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Marathon Nextgen Realty Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Anant Raj Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Suraj Estate Developers Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Signatureglobal (India) Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Kolte - Patil Developers Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Keystone Realtors Limited added: Classified as Residential Commercial Projects. Rustomjee homes (known business line). (Exchange classification, Known business line) Generated 4 Nov
    • Hubtown Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Nesco Limited added: Classified as Diversified Commercial Services. Leases an IT park, runs an expo centre (known business line). (Known business line) Generated 4 Nov
    • Raymond Realty Limited added: Classified as Residential Commercial Projects. Demerged from Raymond (known business line). (Exchange classification, Known business line) Generated 4 Nov
    • Aditya Birla Real Estate Limited added: Classified as Residential Commercial Projects. Formerly Century Textiles (known business line). (Exchange classification, Known business line) Generated 4 Nov
    • Ganesh Housing Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Texmaco Infrastructure & Holdings Limited added: Classified as Diversified Commercial Services. Develops and leases property on group land (known business line). (Known business line) Generated 4 Nov
    • Unitech Limited added: Classified as Residential Commercial Projects. Run by a government-appointed board (known business line). (Exchange classification, Known business line) Generated 4 Nov
    • Embassy Developments Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Sri Lotus Developers and Realty Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Agi Infra Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Mahindra Lifespace Developers Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • PVP Ventures Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Kalpataru Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Eldeco Housing And Industries Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Arvind SmartSpaces Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Hemisphere Properties India Limited added: Classified as Diversified Commercial Services. Holds government land for sale (known business line). (Known business line) Generated 4 Nov
    • Puravankara Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Prozone Realty Limited added: Classified as Residential Commercial Projects. (Exchange classification) Generated 4 Nov
    • Alembic Limited added: Classified as Residential Commercial Projects. Also holds a stake in Alembic Pharma (known business line). (Exchange classification, Known business line) Generated 4 Nov

  2. 4 Nov 2026 · renamed

    From Real Estate & REITs to Real Estate.

  3. 5 Feb 2026 · list set

    9 companies chosen by hand, with no written rule.

  4. Next · after the Oct to Dec quarter results, February 2027

    Every member re-checked against the rule; reasons regenerated from new filings.

Sectors in this theme

Realty
46 companies
Services
4 companies

Sector from each company's exchange record. A theme can cut across sectors.

Also in other themes

Save companies to a watchlist

Save the 50 companies to a watchlist. Saving sends nothing. Needs sign-in.

Curated by the research team against the rule above. Reasons are generated from each company's filings and exchange record and are not reviewed by an editor. A list of companies linked to the theme, not a recommendation.