India’s real estate market saw exceptional growth in 2023, breaking previous records and exhibiting impressive advancements. Policy changes, positive consumer sentiment, rising disposable incomes, and a growing desire for larger homes are all credited with this growth.
The nation’s growing urban population will likely result in an exponential increase in demand for both residential and commercial space.
It is anticipated that the favourable sentiment surrounding home purchases in 2023 will continue into 2024.
The main factor driving the demand for real estate is expected to be urbanization, which will keep it strong.
It is anticipated that real estate values will rise significantly, though at different rates in different cities and areas.
Price increases are more likely to occur in metropolitan areas than in smaller cities, reflecting the real estate market is dynamic.
List of Top 15 Construction – Real Estate in India (BSE) based on Net Profit.
| Company Name | Net Profit (Rs. cr) |
| Embassy Office | 1,279.15 |
| Brookfield REIT | 348.81 |
| PSP Projects | 133.02 |
| Anant Raj | 106.62 |
| Capacite Infra | 94.33 |
| Vascon Engineer | 86.63 |
| BL Kashyap | 52.01 |
| AGI Infra | 48.12 |
| BSEL ALGO | 38.94 |
| PVP Ventures | 37.97 |
| Suraj Estate | 37.96 |
| Suratwwala BG | 21.2 |
| Thakkars Dev | 16.93 |
| Bigbloc Constru | 16.04 |
| TARC | 14.37 |
Source: BSE, India, last updated 16 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Lee, S. W. (2015). The Bank Loan of Construction· Real Estate Industry and Bank Risk. Journal of the Korea Academia-Industrial cooperation Society, 16(8), 5267-5272.
2. Bagwe, A., & Arora, N. (2022). A Study on Real Estate Industry in Mumbai: A Challenge. Asian Journal of Organic & Medicinal Chemistry.
3. Gupta, I., Raman, T. V., & Tripathy, N. (2023). Impact of merger and acquisition on financial performance: Evidence from construction and real estate industry of India. FIIB Business Review, 12(1), 74-84.
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