’S MOST INFLUENTIAL REAL ESTATE BRANDS & LEADERS BY WEALTH 2020-21 LISTING OF TOP 50 REAL ESTATE BRANDS AND LEADERS BY ASIAONE MAGAZINE & URS INTERNATIONAL MEDIA

JULY-AUGUST 2021 | ONE | 55 top 50 Real Estate Brands and Leaders

siaOne is an international adversity has also thrown open umpteen top 8 Indian cities. Home sales volume media house and the only opportunities. We, at AsiaOne, intend across 8 major cities in India jumped Business & News magazine to bring to fore and recognize such by 2x to 61,593 units from October with a pan-Asia presence. Leaders who have perceived the current 2020 to December 2020, compared WeA are the pioneers, and now experts, challenging times as an opportunity to with 33,403 units in the previous of research-based listing of Brands & rise above the rest and have thereby led quarter, signifying healthy recovery Leaders in Asia, and the GCC. the Brands by their exemplary resolve post the strict lockdown imposed in We supplement our listing with National and have also contributed to the revival the second quarter due to the spread of & International Business & Social of the economy and collective welfare COVID-19 in the nation. It is estimated Summits and Awards functions. of society, nation and the Asian and that about 3 houses are built per 1,000 As India has progressed to become African continent at large. people per year as compared to the the fastest growing economy in the required construction rate of 5 houses world, our various research titles and THE BOOMING INDIAN REALTY per 1,000 population. The current awards represent a celebration of the SECTOR: AN INTRODUCTION shortage of housing in urban areas is indomitable spirit of India. We intend The Real Estate sector in India holds estimated to be around 10 million units. to bring to fore those eminent leaders immense potential and boundless Thus, to meet the requirements of the and brands who have not only been opportunities for growth. In fact the country’s growing urban population, an contributing to the Indian economy but real estate market in India is the second- additional 25 million units of affordable also to the society and world at large. highest employment generator in the housing are required by 2030. With For the fact that India has become a country after agriculture. Interestingly, the increasing demand in the housing robust economic region, the credit the sector accounts for 6-7 per cent of the segment, the realty sector is projected goes to steely resolves, innovations, economy and is interlinked to as many to become a major wealth creator in the and consequent achievements of some as 250 allied sectors. It is estimated that forthcoming decades. of the greatest Indian leaders. With the Realty sector in India will contribute The Current Scenario every Edition, we have been offering 13% to the country’s GDP by 2025 In the first quarter of the year 2021, higher visibility to the Indian brands and is expected to reach US$ 1 trillion the demand for India’s residential and leaders which are equally impactful by 2030. DLF Ltd. and Macrotech real estate has surpassed pre-COVID as brands and leaders from the western Developers Ltd. (Lodha Group) have levels. Cities such as Ahmedabad and developed countries, through our been consistently displaying a legacy Greater have recorded 7 per several prestigious mediums including of excellence in the real estate sector of cent and 13 per cent quarterly growth, our Magazine, Coffee Table Book, India and are an inspiration for umpteen respectively. Despite the pandemic, the various websites, Android & iOS Apps. other players. Young leaders with a quest City of Nizams, continues AsiaOne magazine is now in its for excellence, like Manoj Namburu and to witness consistent price growth in Fourteenth Edition of Awards along Suneel Bommireddy of Alliance Group the realty sector. The average rate of with over 8000 pages of original content and Urbanrise have grown immensely newly-launched projects in Hyderabad with a B2B readership of over 1,50,000 in the last few years. Their magnificent increased 5 per cent, year-on-year in 12 countries of Asia Middle East projects in and Hyderabad are during October-December 2020. Thus, & Africa, we have been successfully indicators of architectural excellence. due to a consistent increase in average bridging an important gap between the Another brand which is rapidly rising rates, property prices are the highest actual presence of the Indian, Asian and up on the popularity charts is Emaar in this pharmaceutical hub, presently. African brands and their recognition India Ltd. Having started its operations Hyderabad has also reported the and image in the minds of the general in India in 2005, Emaar has created a maximum increase of 39 per cent year- public, thus offering higher visibility to portfolio of world-class living spaces on-year growth in housing sales during brands and leaders which are equally and work environments in Gurugram, the January-March 2021 period. The impactful as brands from the western , Mohali, , , cities of Bengaluru and Chennai have developed countries, through our and Chennai and has developed over also witnessed a 2% annual increase in several prestigious mediums including 11,500 residential and commercial average values. our Magazine, Coffee Table Book, units, and currently its 8,500 units are The supply has witnessed a growth Television Broadcast, various websites, under development. of 8 per cent on a pan-India level. The Android and iOS Apps. Our online The sector is also expected to attract residential real estate market has been versions are www.asiaone.co.in /.me more non-resident Indian (NRI) recovering well from the impact of the and www.theindiasgreatestbrands.com. investment, both in the short term and COVID-19 pandemic and buyer-search Now we are also available on Android & the long term. The city of Bengaluru volumes have been moving consistently iOS mobile Apps with access to 2 billion is expected to be the most favoured upwards for both buy and lease since smartphone users across the world. property investment destination for the last quarter of 2020. A plethora The Covid-19 pandemic has had a NRIs, followed by Ahmedabad, Pune, of factors such as reduced home loan huge impact on the socio-economic Chennai, Goa, Delhi and Dehradun. interest rates, reduction in stamp duty, fabric of the world. However, despite the In the second half of 2020, Housing and discounts offered by developers numerous challenges it has posed, the launches were 86,139 units across the have made home buying an attractive

56 | ASIA ONE | JULY-AUGUST 2021 Pan India Findings Total Assets S.No Leader Name Company Name Designation Value (in City Crores INR) 1 Rajiv Singh DLF Ltd. Chairman 42,163.35 Delhi Ncr 2 Macrotech Mangal Prabhat Developers Ltd. Founder 31,967.86 Lodha (Lodha Group) 3 K. Raheja Corp Pvt. Chandru L Raheja Chairman 21,000 Mumbai Ltd. 4 Niranjan Hiranandani Co-Founder & Managing 20,600 Mumbai Hiranandani Developers Pvt. Ltd. Director 5 Prestige Estates Chairman And Managing Irfan Razack 19,588.6 Bangalore Projects Ltd. Director 6 Embassy Office Chairman & Managing Jitendra Virwani 19,421.16 Bangalore Parks REIT Ltd. Director 7 Chairman And Managing Vikas Oberoi Ltd. 15,330 Mumbai Director 8 Godrej Properties Adi Godrej Chairman Emeritus 14,941.61 Mumbai Ltd. 9 Raheja Developers Chairman And Managing Navin M Raheja 14,600 Delhi Ncr Ltd. Director 10 Subhashchandra S Runwal Developers Chairman 11,800 Mumbai Runwal Pvt. Ltd. 11 P N C Menon Sobha Ltd. Chairman Emeritus 10,543.15 Bangalore 12 Brigade Enterprises Chairman And Managing M.r. Jaishankar 7,665.88 Bangalore Ltd. Director 13 Rameswar Rao My Home Group Chairman 7,300 Hyderabad Jupally 14 Kalpataru Properties Mofatraj.p.munot Chairman 7,300 Mumbai Pvt. Ltd. 15 India Bulls Real Sameer Gehlaut Chairman 6,862.78 Mumbai Estate Ltd. 16 Parsvnath Pradeep Jain Chairman 6,315.51 Delhi Ncr Developers Ltd. 17 Mohit Goel Ltd. Ceo 6,132.89 Delhi Ncr 18 Ansal Properties & Sushil Ansal Chairman 5,747.2 Delhi Ncr Infrastructure Ltd. 19 Ravi Puravankara Purvankara Ltd. Chairman 5,725.54 Bangalore 20 Bijay Kumar Salarpuria Sattva Managing Director 5,200 Bangalore Agarwal Realty LLP 21 Aparna Constructions Chairman & Managing Ss Reddy 5,200 Hyderabad and Estates Pvt. Ltd. Director 22 Aparna Constructions C.v. Reddy Director 4,350 Hyderabad and Estates Pvt. Ltd. 23 Hemant M. Shah Hubtown Ltd. Chairman & Co-Founder 3,974.56 Mumbai 24 Atul Ruia Phoenix Mills Ltd. Cmd 3,948.93 Mumbai 25 ABIL Corporation Avinash Bhosale Founder & Chairman 3,600 Pune Pvt. Ltd.

JULY-AUGUST 2021 | ASIA ONE | 57 top 50 Real Estate Brands and Leaders

26 Mr. Vinod Goenka DB Realty Ltd. Chairman & Md 3,587.25 Mumbai 27 Hadi Badri Emaar India Ltd. Ceo 3,463 Delhi Ncr 28 Mr. R.s. Agarwal & Founder & Joint Realty Ltd. 2,955.86 Kolkata Mr. R.s. Goenka Chairman 29 Piramal Realty Pvt. Anand Piramal Founder 2,700 Mumbai Ltd. 30 Chairman And Managing Kamal Khetan Sunteck Realty Ltd. 2,697.37 Mumbai Director 31 Alla Ayodhya Rami Ramky Chairman 2,675 Hyderabad Reddy Infrastructure Ltd. 32 Non-Executive Urvi A. Piramal Peninsula Land Ltd. 2,540.37 Mumbai Chairman 33 Alliance Group & Chairman & Managing Chennai & Manoj Namburu 2,175 Urbanrise Director Hyderabad 34 Alliance Group & Chennai & Suneel Bommireddy Vice Chairman 2,150 Urbanrise Hyderabad 35 Mahindra Lifespace Arun Nanda Chairman 2,033.01 Mumbai Developers Ltd. 36 Kolte-Patil Aniruddha Patil Founder 1,971.22 Pune Developers Ltd. 37 Punit Beriwala Vipul Ltd. Md 1,645.74 Delhi Ncr 38 Rajnikant Shamalji Ajmera Realty & Cmd 1,569.68 Mumbai Ajmera Infra India Ltd. proposition in the country. subsidy for the middle-income group, consumers, but would also enable faster Support offered by the Government and relaxing tax rules to allow sales decision-making in terms of buying a The structural reforms by the of homes valued up to INR 2 crore at property. government such as GST and RERA and a 20% discount to circle rate. These In addition, realtors eyeing for an added liquidity in the banking system measures by the government definitely uptick in sales will have to lure the have restored buyer confidence in the enthuse positivity and the industry eyes buyers with a host of offers. These real estate sector and the market has growth ahead and is optimistic of an may comprise zero stamp duty and been making rapid strides in the past few unprecedented recovery. registration charges at the time of home years with these reforms. But mid-2020 Innovation: The Need of the Hour booking (to be recovered on possession), posed a tough challenge for the industry In order to attract buyers at large, the buy now and pay stamp duty later, with the imposition of the national developer community should not only attractive subvention schemes, EMI lockdown. However, with support from focus on creating projects with basic holiday scheme (involving no payment the government and RBI, the real estate amenities but also provide additional or EMI until possession of the project), industry and developers eventually got features as per their changing customer and attractive home loan schemes from back on the road to recovery by the end requirements. The pandemic has the developer. Further, developers’ of the year 2020. Positive sentiment changed homebuyers’ expectations offers and discounts by way of consumer visible across the economy, and GDP as many are working from home and durables, home furnishings, modular showed visible signs of growth through preferring bigger houses with an extra kitchen, furniture, and gold coins on a V-shaped recovery. Time and again, room. Today, larger residences are in purchase of the unit may result in higher the government has been rolling out demand more than ever. In fact, there sales. a number of measures to revive the has been a more than 40% rise in sector and economy at large. In its bid demand for three and four BHK units THE CONCEPT: HIGHLIGHTING THE to help the real estate sector survive this in H2, 2020 as compared to H1, 2020. MAESTROS OF REALTY SECTOR unprecedented health crisis, the Centre The lockdowns have taught people the India’s Most Influential Real Estate did announce various measures. Some importance of maintaining a healthy Brands & Leaders 2020-21 by wealth of these include invoking the ‘Force lifestyle, and this aspect should be is AsiaOne’s attempt to showcase Majeure’ clause under the RERA to utilized by developers. Providing basic the extraordinary vision, unceasing extend project completion deadlines by amenities focused on health and lifestyle optimism and matchless innovation 6-9 months, the extension of interest would not only ensure the safety of the of major real estate leaders across

58 | ASIA ONE | JULY-AUGUST 2021 39 Casagrand Builder Founder & Managing Arun Mn 1,490 Chennai Pvt. Ltd. Director 40 Baashyaam Yuvaraajann Chairman & Managing Constructions Pvt. 1,450 Chennai Radhakrishnan Director Ltd. 41 Radiance Realty Varun Manian Managing Director 1,185 Chennai Developers India Ltd. 42 Vishal Gupta Ashiana Housing Ltd. Managing Director 1,115.11 Delhi Ncr 43 Marathon Realty Pvt. Mayur Shah Md 1,092.92 Mumbai Ltd. 44 Dipakkumar Ganesh Housing Chairman 1,077.93 Ahmedabad G. Patel Corporation Ltd. 45 BSCPL Bollineni Krishnaiah Chairman 1,058.38 Bangalore Infrastructure Ltd. 46 NEL Holdings South Nitesh Shetty Chairman 1,033.82 Bangalore Ltd. 47 CEEBROS Property C. Subba Reddy Development Pvt. Managing Director 980 Chennai Ltd. 48 Arvind Smartspaces Chairman & Managing Sanjay Lalbhai 559.2 Ahmedabad Ltd. Director 49 Poddar Housing Pvt. Dipak Poddar Founder & Chairman 520.75 Mumbai Ltd. 50 Karda Constructions Naresh Karda Chairman 290.59 Nashik Ltd.

India through which they have been through the top social media platforms estate business owned by the leaders; consistently turning adversity into namely Twitter, LinkedIn, Youtube, the personal liabilities or debt of the opportunity and taking their brands to Facebook and Instagram. leaders have not been considered for the greater heights despite the prevailing AsiaOne List of top 50 Real Estate net worth calculation. In certain cases, COVID-19 pandemic. India’s Most Brands and Leaders 2020-21 by Wealth a comparative analysis and valuation Influential Real Estate Brands 2020- AsiaOne List of Top 50 Real Estate have also been done on the basis of 21 and India’s Top 50 Real Estate Brands and Leaders 2020-21 by Wealth the last few years of business activities Leaders by Wealth is one of the most has been created on the basis of the and transactions undertaken by the authentic listings by an esteemed jury valuation of top real estate brands and group and the leader for approximately panel comprising various industry leaders. Despite the fact that there might estimating the values. experts and researchers from different have been inadvertent omissions, the list 1. The first spot on the list has been industries. The criteria of selection is the most authentic attempt to identify occupied by Rajiv Singh, 61, of DLF of these top 50 winning Brands & India’s top real estate leaders and to (Delhi Land & Finance) Ltd. who Leaders (each) from the Real Estate measure their holdings’ value. encompasses a wealth of INR 42,163 Sector is the annual Revenue and Net Both primary and secondary research crores. The internationally renowned Worth of the Leaders coupled with has been conducted to arrive at the firm DLF Ltd. was established in few other parameters like Brands’ and findings. Total assets value has been 1946 by Chaudhary Raghvendra Leaders’ Innovation, Impact, Growth, considered in many cases of listed Singh. Its first project involved Promise and Popularity. The final list companies. Also, declared net worth construction of 22 urban colonies is obtained after the brands and leaders by the leaders and the companies in in Delhi. It expanded its operations are thoroughly scanned, researched, other prestigious forums and platforms to the then-unknown region of understood and after much deliberation have been considered after further Gurgaon (present-day Gurugram) by a competent team of experts, put on discussions. The latest available in the year 1985 and since then there deserving pedestals for the admiration financial reports were used to arrive has been no looking back! It has and veneration of the world. All the at the valuation. AsiaOne List of Top been efficiently creating exceptional selected brands and leaders will be 50 Real Estate Brands and Leaders living and working spaces for the featured in AsiaOne magazine, uploaded 2020-21 by Wealth has been compiled new Indian global professionals. on AsiaOne’s website and promoted on the basis of the valuation of real Today, DLF Ltd. has established

JULY-AUGUST 2021 | ASIA ONE | 59 top 50 Real Estate Brands and Leaders

itself as an organization to reckon friendly constructions, it is committed India by imprinting its indelible mark with in the realty sector with its focus to developing large, green expanses across all asset classes. Founded in on customer-centricity, quality and across the nation. For its outstanding 1986, the firm has been rising up the sustainability. contribution to the realty sector, success ladder under the leadership 2. Mangal Prabhat Lodha, 65, of the brand has been recognized with of the CMD Irfan Razack. By mid- Macrotech Developers Ltd. (Lodha awards across various prestigious 2020, it had completed 247 projects Group) stands second on the list with forums. In addition, its buildings covering 134 million sq. ft., and a wealth of INR 31,968 crores. With have received Gold and Platinum currently has 45 ongoing projects its headquarters in Mumbai, Lodha LEED ratings. covering over 53 million sq. ft., 56 Group has a remarkable presence 4. The fourth spot is taken by M sq. ft. of upcoming projects, and in India, , United Kingdom, Dr. Niranjan Hiranandani, 70, holds a land bank of 262 acres with Singapore and the United States. Hiranandani Developers Pvt. potential developable area of 27 M Since its establishment in 1980, the Ltd., whose real estate business sq. ft. Group has been efficiently creating registered a valuation of INR 20,600 6. With a wealth of INR 19,421 crores, landmarks that meet global standards. crores. Hiranandani Developers Jitendra Virwani, 55, of Embassy It has played a significant role in Pvt. Ltd. is renowned for creating Office Parks REIT Ltd. stands sixth not only transforming the skyline luxurious, integrated, self-sustaining on the list. Embassy Office Parks of Mumbai but also crafting some townships that combine prime REIT Ltd. accords paramount of the most appealing residences in location, sound infrastructure and importance to ensuring the safety, London. world-class amenities, with an aim health and well-being and business 3. Chandru Raheja, 80, of K Raheja to enhance economic prosperity continuity of its park occupiers. Corp Pvt. Ltd. occupies the third spot and generate tremendous value for Thus, at Embassy, every effort is in the list, with a current wealth of INR all the stakeholders. Dr. Niranjan made to align its business activities 21,000 crores. Driven with a vision Hiranandani’s ‘Magic Mantra’ for with the global sustainability goals to be a trusted player in the realty success is “sincerity and commitment and the sustainability commitments industry, K Raheja Corp Pvt. Ltd. with consistent efforts.” of its occupiers. A large number has been efficiently creating enduring 5. Irfan Razack, 67, of Prestige Estates of its parks are ISO 9001, 14001, experiences for customers, partners Projects Ltd. ranks fifth on the list 45001 certified and the firm intends and employees alike. Committed to with a wealth of INR 19,589 crores. to get the entire portfolio certified sustainable development, it signed an Over the last decade, Prestige Estates by the end of this year. A majority of MoU with the CII-Green Building Projects Ltd. has firmly established its properties are Platinum or Gold Council to construct green buildings, itself as one of the leading and most certified Green building/campus. way back in 2007. Besides its eco- successful developers of real estate in Presently, it is also ensuring that all

Major City-wise Segregations A- Mumbai Total Assets S.No Leader Name Company Name Designation Value (in City Crores INR) 1 Macrotech Mangal Prabhat Developers Ltd. Founder 31,967.86 Mumbai Lodha (Lodha Group) 2 K. Raheja Corp Pvt. Chandru L Raheja Chairman 21,000 Mumbai Ltd. 3 Hiranandani Co-Founder & Niranjan Hiranandani 20,600 Mumbai Developers Pvt. Ltd. Managing Director 4 Chairman and Vikas Oberoi Oberoi Realty Ltd. 15,330 Mumbai Managing Director 5 Godrej Properties Adi Godrej Chairman Emeritus 14,941.61 Mumbai Ltd. 6 Subhashchandra S Runwal Developers Chairman 11,800 Mumbai Runwal Pvt. Ltd.

60 | ASIA ONE | JULY-AUGUST 2021 B- Delhi-NCR Total Assets S.No Leader Name Company Name Designation Value (in City Crores INR) 1 Rajiv Singh DLF Ltd. Chairman 42,163.35 Delhi NCR 2 Raheja Developers Chairman and Navin M Raheja 14,600 Delhi NCR Ltd. Managing Director 3 Parsvnath Pradeep Jain Chairman 6,315.51 Delhi NCR Developers Ltd. 4 Mohit Goel Omaxe Ltd. CEO 6,132.89 Delhi NCR 5 Ansal Properties & Sushil Ansal Chairman 5,747.2 Delhi NCR Infrastructure Ltd. 6 Hadi Badri Emaar India Ltd. CEO 3,463 Delhi NCR

its new developments are LEED landmarks, but has also crafted some 4. With a wealth amounting to INR Gold certified. of the most magnificent residences 15,330 crores, Vikas Oberoi, 51, in London. It takes pride in having of Oberoi Realty Ltd. ranks fourth Popularly known as the ‘City of delivered projects amounting to 7.7 on the list. Over the past 3 decades, Dreams,’ Mumbai, the financial crore sq. ft. of area. Currently, its 7.4 Oberoi Realty Ltd. has developed capital of India is its largest city. It crore sq. ft. developable area is under over 42 projects aggregating about is renowned for the iconic Gateway construction and planning stage. 11.89 M sq. ft. of space at strategic of India stone arch, built by the 2. Chandru Raheja, 80, of K. Raheja locations across the island city of British in 1924. The real estate Corp Pvt. Ltd. takes the second spot Mumbai. Its upcoming projects sector has played a significant role in the list with a current wealth of in various parts of Mumbai and in the infrastructural development INR 21,000 crores. K. Raheja Corp other regions encompass around of the city. Greater Mumbai and Pvt. Ltd. has made a significant 38 million sq. ft. of area. It focuses Navi Mumbai are listed among the contribution in evolving modern-day on innovation, contemporary top 10 ranked cities among 111 living by building alluring residences, architecture, strong project execution cities, in the Ease of Living Index adaptive workplaces, magnificent and quality construction to create launched by the Union Ministry hotels and convention centers and spaces that enhance the lives of the for Housing and Urban Affairs. excellent retail destinations. Each inhabitants. It is an indicator of the quality of of its offerings is unique as the firm 5. Adi Godrej, 79, of Godrej Properties citizens’ lives in major cities across focuses on delivering aspirational Ltd. ranks fifth on the list with four main pillars namely economic spaces with distinct characteristics a wealth of INR 14,942 crores. ability, sustainability, citizens’ and attributes. The company has Established in 1990, Godrej perceptions and quality of life. performed exceptionally well in the Properties Ltd. has made its presence These pillars encompass 14 different green development sector as well. felt in the realty sector. The firm is categories such as housing, economic 3. The third spot is occupied by currently developing projects that are opportunities, green spaces, and even Dr. Niranjan Hiranandani, 70, estimated to cover over 89.7 M sq. city resilience. Thus, Mumbai fares Hiranandani Developers Pvt. Ltd., ft. Its commitment to sustainability reasonably well on these parameters whose real estate business registered is explicit from the fact that many and has emerged as one of the most a valuation of INR 20,600 crores. of its projects have received LEED sought-after metropolises. The top A pioneer in developing global Platinum certifications. Ahmedabad- 6 real estate brands and leaders in community townships, Hiranandani based Godrej Garden City township Mumbai are described below. Developers Pvt. Ltd. has been project was selected as one of only 2 1. With a wealth of INR 31,968 crores, efficiently transforming landscapes projects in India and 16 worldwide Mangal Prabhat Lodha, 65, of in Mumbai. Besides having by The Clinton Foundation to Macrotech Developers Ltd. (Lodha redefined the real estate industry collaborate towards achieving a Group) occupies the number one slot through its astonishing township climate positive development. in the list. With a vision of building projects, the company is accredited 6. The sixth spot is taken by a better world, Lodha Group has with beautifying skylines in Powai Subhashchandra S Runwal, 78, been creating landmarks which meet and Thane; and Panvel, Chennai, Runwal Developers Pvt. Ltd., whose global standards. The brand has not Ahmedabad and Pune are soon to real estate business registered a only built one of India’s most iconic follow suit. valuation of INR 11,800 crores.

JULY-AUGUST 2021 | ASIA ONE | 61 top 50 Real Estate Brands and Leaders

C- Bengaluru (erstwhile Bangalore)

Total Assets S.No Leader Name Company Name Designation Value (in City Crores INR) 1 Prestige Estates Chairman and Irfan Razack 19,588.6 Bangalore Projects Ltd. Managing Director 2 Embassy Office Parks Chairman & Jitendra Virwani 19,421.16 Bangalore REIT Ltd. Managing Director 3 P N C Menon Sobha Ltd. Chairman Emeritus 10,543.15 Bangalore 4 Brigade Enterprises Chairman and M.R. Jaishankar 7,665.88 Bangalore Ltd. Managing Director 5 Ravi Puravankara Purvankara Ltd. Chairman 5,725.54 Bangalore 6 Salarpuria Sattva Bijay Kumar Agarwal Managing Director 5,200 Bangalore Realty LLP

Established in 1978, Runwal NCR has been occupied by Rajiv construction and technology partners Developers Pvt. Ltd. is one of Singh, 61, of DLF Ltd. who like Arabtec, ECC, Thronton Mumbai’s premier real estate possesses a wealth of INR 42,163 Tomasetti, Peri, Aedas in India. The developers. It primarily operates crores. Having started its operations firm was also amongst the first ones to in the residential, commercial and in 1946, DLF Ltd. has passed the bring affordable housing in Haryana, organized retail verticals. It takes test of times and has evolved into a under Pradhan Mantri Awas Yojana pride in a robust track record of 51 globally-recognized brand. DLF Ltd. and Deen Dayal Jan Awas Yojana. delivered projects with over 20,000 is deeply committed to the health and 3. With a current wealth of INR 6,315 happy families, and also owns and prosperity of its customers, partners, crores, Pradeep Jain, 56, of Parsvnath manages the largest retail mall employees, and shareholders – this is Developers Ltd. occupies the third chain in Mumbai with over 2 M sq. all the more explicit from the fact that spot in the list. Established in 1990, ft. of GLA. Presently, it manages it is the only company globally to have Parsvnath Developers Ltd. has a a portfolio of 14 ongoing projects won 11 ‘Sword of Honor’ awards pan-India presence in over 37 cities with almost 11 M sq. ft. under from the British Safety Council. It in 13 states, and has been building development across Mumbai and the has also received LEED Certification contemporary residential spaces, MMRDA region. from the US Green Building Council state-of-the-art office complexes, for 2.64 M sq. m. area (around 80 affordable housing, luxurious, The historic city of Delhi is famous percent of its rental portfolio). Its shopping malls and hypermarkets, for architectural design and building efforts towards consistent innovation posh hotels, futuristic multiplexes, during the period of the British Raj for creating safer workplaces, and high tech IT Parks and SEZs. (known as Lutyens’ Delhi). Delhi smarter cities, and sustainable 4. The fourth spot has been occupied NCR covers the entire National communities across the nation bore by Mohit Goel, 31, Omaxe Ltd., Capital Region (NCR) comprising the fruit when a number of its residential whose real estate business registered neighbouring cities of Delhi namely communities were recently awarded a valuation of INR 6,133 crores. Gurugram (erstwhile Gurgaon), LEED Gold certification. Established in 1987, by the visionary Ghaziabad, Noida, Greater Noida, 2. With a wealth of INR 14,600 crores, first-generation entrepreneur and civil and Sonepat along with Navin M Raheja, 65, of Raheja engineer Rohtas Goel for furthering Delhi. It is one of the largest real Developers Ltd. ranks second on the his construction and contracting estate markets in the nation, offering list. Established in the year 1990 by business, Omaxe Ltd. diversified a varied mix of property segments Navin M. Raheja, Raheja Developers into the real estate sector in 2001. and different micro-markets across Ltd. has been bringing in new Since then it has come a long way the region. Of the 49 cities in the innovations and best construction and has established its presence in 27 ‘million-plus population’ category, practices to every project. With its cities across 8 states namely UP, MP, ranked on the Ease of Living index by commitment to deliver on time, and HP, Punjab, Haryana, Uttarakhand, the Union Government, Delhi figures as promised, it has been successful Rajasthan and Delhi. at the 13th spot. The top 6 real estate in building a huge base of satisfied 5. Sushil Ansal, 77, of Ansal Properties brands and leaders in Delhi-NCR customers. For designing innovative & Infrastructure Ltd. ranks fifth on are given below. green buildings, it has successfully the list with a wealth of INR 5,747 1. The first spot on the list for Delhi- collaborated with international crores. Established in 1967 as a

62 | ASIA ONE | JULY-AUGUST 2021 family business, Ansal Properties Serving as India’s technology time, the company has diversified & Infrastructure Ltd. operates capital for over three decades now, into various segments. For instance, in a range of business verticals Bengaluru boasts a robust heritage of interior designing services provided such as Integrated Townships, premier R&D laboratories, academic by Morph Design Company (MDC) Condominiums, Group Housing, institutions, and public sector focused and men’s clothing line by Prestige Malls, Shopping Complex, Hotels, firms. The city has earned the well- Fashions (P) Ltd. Its wide range of SEZs, IT Parks and Infrastructure deserved sobriquet of Asia’s Silicon residential, commercial, retail, leisure and Utility Services. It has developed Valley. Its architectural landmarks and hospitality segments makes 19 existing townships across all bear witness to the grandeur of the Prestige the only developer in South major tier 2 cities in Northern royal dynasties that have ruled the India to have such a diverse portfolio. India in Delhi-NCR, Uttar Pradesh, ‘Garden City.’ Bengaluru has also 2. With a wealth of INR 19,421 Rajasthan, Haryana and Punjab, acquired the distinction of being the crores, Jitendra Virwani, 55, of including many high-rise residential top Indian city in the Million+ city Embassy Office Parks REIT Ltd. towers in Delhi. category on the Indian government’s stands second on the list. Embassy 6. With a wealth of INR 3,463 crores, Ease of Living (EOL) Index 2020 has earned the unique distinction Hadi Badri, 39, of Emaar India Ltd. released by the Union Housing of being the nation’s first publicly ranks sixth on the list (This assessment and Urban Affairs Ministry. Urban listed Real Estate Investment Trust. is based upon the valuation of liveability comprises efficient 8 infrastructure-like office parks Emaar India Ltd.’s projects only. Its public transport, neighbourhood and 4 city‑centre office buildings valuation outside India has not been walkability, access to open spaces, are owned and operated by the taken into account). Emaar India ample economic opportunities and firm in Bengaluru, Mumbai, Pune, Ltd. was established in the year 2005 access to infrastructure services. It and Delhi-NCR. Its portfolio as a luxury real estate developer in is a significant factor in promoting comprises 32.3 million square feet the nation. Its exceptional projects citizens’ health and wellbeing. The (msf) completed operating area, have been spanning across the top 6 real estate brands and leaders including 2 operational business nation. It consistently delivers in Bengaluru are given below. hotels, 4 under‑construction hotels, world-class projects that reinforce 1. The first spot on the list has been & a 100MW solar park supplying its competencies and commitment occupied by Irfan Razack, 67, of renewable energy to tenants and is to quality. Its values are reflected in Prestige Estates Projects Ltd. who utilized by more than 190 global its continuous endeavours towards encompasses a wealth of INR 19,589 companies. delivering unmatched quality, crores. The CMD Irfan Razack, 3. With a current wealth of INR innovation and execution in shaping along with his brothers Rezwan 10,543 crores, P.N.C. Menon, 72, of realty dreams. The firm has been Razack and Noaman Razack, Sobha Ltd. occupies the third spot consistently rising high on the has been efficiently driving the in the list. Incorporated as Sobha popularity rating and establishing its organization towards new horizons Developers Pvt. Ltd. in 1995 by stronghold in the Indian market. of success for the last 35 years. Over P.N.C. Menon, Sobha Ltd. has a

D - Chennai

Total Assets S.No Leader Name Company Name Designation Value (in City Crores INR) 1 Alliance Group & Chairman & Manoj Namburu 2,175 Chennai Urbanrise Managing Director 2 Alliance Group & Suneel Bommireddy Vice Chairman 2,150 Chennai Urbanrise 3 Casagrand Builder Founder & Managing Arun MN 1,490 Chennai Pvt. Ltd. Director 4 Yuvaraajann Baashyaam Chairman & 1,450 Chennai Radhakrishnan Constructions Pvt. Ltd. Managing Director 5 Radiance Realty Varun Manian Managing Director 1,185 Chennai Developers India Ltd. 6 CEEBROS Property C. Subba Reddy Managing Director 980 Chennai Development Pvt. Ltd.

JULY-AUGUST 2021 | ASIA ONE | 63 top 50 Real Estate Brands and Leaders

presence in 10 cities, has completed has established two distinct and architectural evolution over several over 150 projects, with 9 M+ sq. successful brands. The flagship centuries. The present day Chennai ft. under development, and over brand ‘Puravankara’ caters to the is an assortment of styles comprising 58 Million sq. ft. delivered to more premium end of the spectrum, ancient Tamil temples built by the than 17,000 happy families. Having while ‘Provident’ serves the Pallavas, the Indo-Saracenic form altered the skyline in Bengaluru, premium affordable segment. It that pioneered in Madras during created landmark developments in has completed 66 residential and the colonial era, and the twentieth- Kerala, the firm has stepped into 5 commercial projects close to 41 century skyscrapers. Chennai has Delhi NCR, Chennai, Coimbatore, M sq. ft. Today, it has a Pan India bagged the fourth place on the Union Mysore, Pune and plans to expand presence in Bengaluru, Hyderabad, Government’s Ease of Living Index its ambit in near future. Chennai, Kochi, Coimbatore, (EoLI) 2020 under million plus city 4. The fourth spot is taken by M.R. Mangaluru, Kolkata, Mumbai, Pune category. It is an indicator of the Jaishankar, 65, Brigade Enterprises and Goa and overseas presence in excellent quality of life and economic Ltd., whose real estate business the GCC and Sri Lanka. opportunities which Chennai offers registered a valuation of INR 6. The sixth spot has been occupied by to its inhabitants, and also its 7,666 crores. Instituted in 1986, Bijay Kumar Agarwal, 56, Salarpuria sustainability and resilience. The top Brigade Enterprises Ltd. has Sattva Realty LLP, whose real estate 6 real estate brands and leaders in developed many landmark buildings business registered a valuation of Chennai are as follows: and transformed the skyline of INR 5,200 crores. Founded in 1993 1. With a wealth of INR 2,175 crores, cities across South India namely in Bengaluru, the Salarpuria Sattva Manoj Namburu, 51, of Alliance Bengaluru, Mysuru, Mangaluru, Group has made its indelible mark Group & Urbanrise occupies the Hyderabad, Chennai and Kochi across the landscape of Bengaluru, top slot on the list in Chennai. with developments across the Hyderabad and 5 other Indian cities. Headquartered in Bengaluru, with Residential, Commercial, Retail, A first-generation entrepreneur, operations in Chennai, Hyderabad, Hospitality and Education sectors. Bijay Kumar Agarwal has helped the Alliance Group. is an integral part of Since its inception, it has completed brand to emerge as a front runner India’s high growth real estate story. 250+ buildings amounting to over in the realty space. It takes pride in With 42 M sq. ft. developed area 70 M sq. ft. of developed space delivering 114 successful projects and INR 24,000 crores of real estate across a diverse real estate portfolio. encompassing 48 M sq. ft. of area. portfolio, the firm is consistently 5. Ravi Puravankara, 69, of Currently, its 24 ongoing projects moving towards the zenith of Purvankara Ltd. ranks fifth on comprise 32 M sq. ft. of area under success. The net worth of promoters the list with a wealth of INR 5725 construction. of Alliance Group & Urbanrise is crores. Established in 1975 with a bound to increase manifold in the clear vision and mission to meet the Nicknamed the ‘Detroit of India’ near future. They are the developers aspirations of millions by offering for its auto industry, Chennai, the to watch with the likelihood of highest quality homes, Purvankara Ltd. capital of Tamil Nadu, exhibits the increase in net worth in the coming

E- Hyderabad

Total Assets S.No Leader Name Company Name Designation Value (in City Crores INR) 1 Rameswar Rao My Home Group Chairman 7,300 Hyderabad Jupally 2 Aparna Constructions Chairman & SS Reddy 5,200 Hyderabad and Estates Pvt. Ltd. Managing Director 3 Aparna Constructions C.V. Reddy Director 4,350 Hyderabad and Estates Pvt. Ltd. 4 Alla Ayodhya Rami Ramky Infrastructure Chairman 2,675 Hyderabad Reddy Ltd. 5 Alliance Group & Chairman & Manoj Namburu 2,175 Hyderabad Urbanrise Managing Director 6 Alliance Group & Suneel Bommireddy Vice Chairman 2,150 Hyderabad Urbanrise

64 | ASIA ONE | JULY-AUGUST 2021 years. Ltd. The latter has emerged as a the firm has been growing since 2. With a current wealth of INR 2,150 successful property development 1996. Holding an unwavering crores, Suneel Bommireddy, 48, firm which focuses on building both vision to offer a sustainable balance of Alliance Group & Urbanrise affordable and luxury residential between affordability and luxury, takes the second spot in the list projects. it builds homes of global standards of top developers in Chennai. A 6. With a wealth of INR 980 crores, of construction with a great sense constant innovator to the core whilst C. Subba Reddy, 68, of CEEBROS of environmental responsibility. beholding the title of a master deal Property Development Pvt. Ltd. Its projects have been popular for maker, Suneel Bommireddy fuels stands sixth on the list. Established offering perfect locations and world- the business development of the in 1978, CEEBROS Property class amenities in a clean and green organization by acquiring the best Development Pvt. Ltd. is a leading environment. of breed land parcels for project developer of premier real estate. It 3. The third spot is occupied by C.V. development in Bengaluru, Chennai has delivered over 300 successful Reddy, 68, of Aparna Constructions and Hyderabad. residential and commercial projects and Estates Pvt. Ltd., whose real 3. The third spot is occupied by Arun over a span of around three and estate business registered a valuation MN, 46, Casagrand Builder Pvt. Ltd., half decades. It ventured into the of INR 4,350 crores. Established whose real estate business registered hospitality industry with The Raintree in 1996, Aparna Constructions a valuation of INR 1,490 crores. Hotels in 2005. It also intends to and Estates Pvt. Ltd. (ACEPL) Established in 2004, Casagrand diversify into Professional Property is an OHSAS 18001:2007, ISO Builder Pvt. Ltd. has developed over Management Services in near future. 9001:2015 and ISO 14001:2015 22 M sq. ft. of prime residential real certified company. In more than estate across Chennai, Bengaluru, Spanning over 650 square kilometres, 2 decades years of its successful and Coimbatore. It takes pride in Hyderabad is the fourth largest city operations, it has established itself delivering more than 112 landmark in India. A historical pearl trading as the epitome of construction properties and serving over 18,250 centre and a multi-cultural hub, it excellence in Hyderabad. It takes happy families. has earned monikers such as ‘The pride in its customer base of over 4. The fourth spot has been occupied by City of Pearls’ and ‘The City of 16,000+ happy families. Recently, Yuvaraajann Radhakrishnan, 36, of Nizams.’ But what seems to define ACEPL also expanded to Bengaluru Baashyaam Constructions Pvt. Ltd., the unique character of this city is and the new state capital – Amaravati. whose real estate business registered its architecture fusion of ancient 4. Alla Ayodhya Rami Reddy, 57, of a valuation of INR 1,450 crores. and modern architectural styles. It is Ramky Infrastructure Ltd. ranks Baashyaam Group has a strong renowned for the historic monument fourth on the list with a wealth of three-decade-plus presence in the of Charminar, located strategically INR 2,675 crores. An integrated infrastructure and real estate sector at its centre. The top 6 real estate construction, infrastructure of Tamil Nadu. It has successfully brands and leaders in Hyderabad development and management managed multiple projects across are described below. company in India, Ramky categories ranging from Affordable 1. The first spot on the list has been Infrastructure Ltd. (Ramky Infra) Housing, Independent , occupied by Rameswar Rao was established in 1994. It has been Premium Living Spaces, Luxury Jupally, 65, of My Home Group delivering a range of construction Residences and Commercial who encompasses a wealth of and infrastructure projects in various Buildings. It is among one of the 7,300 crores. With a rich legacy sectors such as water, wastewater, very few top developers with end-to- of over 35 years, My Home Group transportation, irrigation, industrial end capabilities, right from project takes pride in completing over construction, parks (including inception to finish. 21 Residential and Commercial SEZs), power transmission, power 5. Varun Manian, 39, of Radiance projects, comprising 26 M sq. ft. of distribution, residential, commercial Realty Developers India Ltd. ranks total built-up area and over 11 M and retail property. Besides a Pan fifth on the list with a wealth of INR sq. ft. under construction. It makes India presence in 23 states and 2 1,185 crores. A third-generation owning a home a good experience union territories, it has an overseas entrepreneur from the eminent by stringing its 6 principles: Happy presence in the UAE. Manian family, Varun Manian is the Communities, Superior Living, Clear 5. After leaving his indelible impression man behind the success of Radiance Documentation, Timely Delivery, on Chennai and Bengaluru, Manoj Realty. In 1949, the Manian family Desirable Destinations and Secure Namburu 51, with a current wealth established NAPC, a leading Environment and is a preferred of Rs 2,175 Crores is making his infrastructure company in Chennai, choice of intelligent homebuyers. presence felt in Hyderabad too. He India and the Middle East. In 2012, 2. With a wealth of INR 5,200 crores, S. occupies the fifth spot in the list of top NAPC Properties evolved and Varun S. Reddy, 68, of Aparna Constructions 6 real estate developers in Hyderabad. Manian entered the residential real and Estates Pvt. Ltd. stands Unlike any developer who enters estate business with the inception of second on the list. With pioneering into a new market with one project, Radiance Realty Developers India innovation in gated communities, Urbanrise has taken giant strides by

JULY-AUGUST 2021 | ASIA ONE | 65 top 50 Real Estate Brands and Leaders

starting operations in Hyderabad in Downtown and Dubai Mall, to name people shop to changing the way they 2018 with 6 large projects totaling to a few. Having started its operations in work. 14 M sq. ft. at one go – a first of its India in 2005, Emaar India Ltd. has The real estate sector in Bengaluru is kind in the Indian real estate sector. been swiftly rising up the popularity reigned over by Irfan Razack of Prestige With total development portfolio of charts with its customer-centric Estates Projects Ltd., Jitendra Virwani 42 M sq. ft. and INR 24,000 crores, approach. It has created a portfolio of Embassy Office Parks REIT Ltd. they are large format developers and of world-class living spaces and work and P.N.C. Menon of Sobha Ltd. The are very likely to become the largest environments in the major cities of the youngest of these three, Jitendra Virwani by volumes in South India in the near nation. The popular brand is likely to is a leader par excellence. Under his future. The net worth of promoters register its presence on the top rung on able leadership, Embassy Office Parks of Alliance Group & Urbanrise is the success ladder in the near future. Pvt. Ltd. takes pride in its roster of bound to multiply in the next few Out of the top 50 brands and leaders at multinational tenants such as Google, years. the Pan India level, Rajiv Singh of DLF IBM and Warburg Pincus. The firm 6. The sixth spot is taken by Suneel Ltd. has acquired the top slot on India’s merged its residential and commercial Bommireddy, 48, Alliance Group Most Influential Real Estate Brands projects with the listed Real & Urbanrise, with a wealth of INR & Leaders List 2020-21 followed by Estate in August 2020. 2,150 crores. With an eye for detail Mangal Prabhat Lodha of Macrotech The real estate sector in Chennai is and strong business acumen Suneel Developers Ltd. and Chandru Raheja ruled by young and ambitious leaders Bommireddy along with Manoj of K Raheja Corp Pvt. Ltd. The number namely Manoj Namburu and Suneel Namburu have realized the potential one realty brand of India, DLF has been Bommireddy of Alliance Group & of Hyderabad as the fastest growing consistently developing ecosystems Urbanrise, and Arun MN of Casagrand market and have invested heavily for the country’s changing needs; as Builder Pvt. Ltd., respectively. The in procuring 6 large land parcels in exemplified by its diverse verticals. successful duo Manoj Namburu and Hyderabad city and are aggressively The brand is also committed to driving Suneel Bommireddy is also a part of the scouting for more land parcels. sustainability across every vertical – top 6 real estate achievers of Hyderabad. from pioneering wastewater treatment The leaders possess immense potential CONCLUSION systems to responsible recycling of its and are bound to climb up the success India’s Most Influential Real Estate construction materials. It is turning ladder and make a mark at the Pan India Brands & Leaders 2020-21 List by no stone unturned in continuously level too in the near future. AsiaOne is a comprehensive indicator innovating to create safer workplaces, Rameswar Rao Jupally of My Home of the top-performing real estate brands smarter cities, and sustainable Group, and S.S. Reddy and C.V. Reddy and leaders in the sector assessed at Pan communities across India. of Aparna Constructions and Estates India and regional level and resonates the Mangal Prabhat Lodha, of Macrotech Pvt. Ltd. are the major players in the overall positive sentiment in this thriving Developers Ltd., Chandru Raheja realty sector of Hyderabad. Innovating industry. It brings to fore not only some of K Raheja Corp Pvt. Ltd. and excellence since the last 3 decades, My of the best performers in the real estate Niranjan Hiranandani, of Hiranandani Home Group has perfected the rare sector but also aims to highlight those Developers Pvt. Ltd. are the top three art of blending great homes with great emerging brands and leaders who are firms and leaders in the real estate sector lifestyle. Its 21 iconic addresses are a performing exceptionally well and in Mumbai. Despite the challenges testimony to its expertise in building are the contenders for the top slots in posed by the ongoing COVID-19 gated communities and creating happy near future. For instance, the young pandemic, Dr. Hiranandani has been communities since 1981. and dynamic duo Manoj Namburu credited with the launch of the world’s With an estimated total size of around and Suneel Bommireddy of Alliance second-largest data center namely Yotta INR 12,24,000 crores, the Indian Real Group & Urbanrise have outshone their NM1 in Navi Mumbai. Estate sector plays a significant role in contemporaries at the regional level by DLF Ltd.’s Rajiv Singh, Navin M driving the nation’s economic growth. registering a remarkable presence in Raheja of Raheja Developers Ltd. and No wonder it is the country’s second- Chennai and Hyderabad. With more Pradeep Jain of Parsvnath Developers largest employer. Despite the pandemic, and more projects coming their way, Ltd. are the top three achievers, in that the top real estate brands have performed they are bound to rise and shine not order in Delhi-NCR. In a span of 3 exceptionally well and have successfully only at the South India level but also rise decades, Rajeha Developers Ltd. has turned adversity into opportunity. Some up the success ladder at the Pan-India pioneered various firsts in India. It has emerging brands have been thriving, level in the near future. Similarly, one come a really long way from trend-setting expanding their horizons and are likely such remarkable firm is Emaar India luxury housing to providing homes for to occupy the top slots in the times to Ltd. which is a part of internationally the poorest section of the Indian society. come. The very fact that wealth creation renowned, UAE headquartered Emaar Besides being credited with building in the sector continued to be robust, Properties – one of the world’s most India’s tallest skyscrapers, it has also in spite of the challenges posed by the renowned real estate development firms, earned the distinction of developing 165 COVID-19 pandemic, deserves a huge popular for creating iconic architectural acres of plotted township. In a nutshell, round of applause and is inspirational landmarks such as , Dubai it has been efficiently changing the way for other sectors to follow suit.

66 | ASIA ONE | JULY-AUGUST 2021