The real estate sector is one of the fastest-growing sectors the world over. It comprises four sub-sectors – housing, retail, hospitality, and commercial. The rapid growth of this sector is well complemented by the evolution of the corporate environment and the demand for office space as well as urban and semi-urban accommodations. Furthermore, the construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. The Indian real estate space has also witnessed high growth in recent times with the rise in demand for office spaces. Below are some real estate companies in India that are contributing to this progression:
Brookfield Properties
Brookfield owns one of the largest real estate portfolios in the world with over $191 billion in assets and 450 million sq. ft. of commercial space in the office, retail, multifamily, logistics, hospitality, self-storage, triple net lease, manufactured housing and student housing properties across five continents. Candor TechSpace is managed and serviced by Brookfield Properties. In India, Brookfield Properties is setting new benchmarks with strategic endeavors in the field of commercial real estate. Their portfolio includes over 20.7 million sq. ft. of office space of which 13.87 million sq. ft. is fully operational. The company is successfully running five IT/ITES campuses located in prime micro-markets of Gurugram, Noida, and Kolkata.
CapitalLand Limited
CapitaLand Limited is one of Asia’s largest diversified real estate groups. CapitaLand has one of the largest real estate investment management businesses globally. It manages eight listed real estate investment trusts and business trusts along with over 20 private funds. In India, CapitaLand has a strong presence with a portfolio of 25 business and IT parks- Ascendas, and one logistics park in India with a total floor area of 13.1 million sq ft spread across Bangalore, Chennai, Hyderabad, Pune and Mumbai. Ascendas India Trust focuses on capitalizing on the fast-growing IT and logistics industries in India.
Tata Realty and Infrastructure Limited
Tata Realty And Infrastructure Limited (TRIL) was set up as a 100 percent subsidiary of Tata Sons, to serve as its real estate and infrastructure development arm. The Tata group comprises over 100 operating companies in seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. Tata Realty and Infrastructure Limited is in the business of creating value and assets in the real estate & infrastructure sphere.
Prestige Group
The Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes. They are also the only developers in South India to boast of such a widely diverse portfolio covering the residential, commercial, retail, leisure and hospitality segments. The company has extended its expertise to major cities across South India including Chennai, Hyderabad, Kochi, Mysore, Mangalore, and Goa. Giving each city an unparalleled experience with landmark malls on the lines of ‘The Forum’, large townships, tech parks, hotels, luxury villas.
Mahindra Lifespaces
Mahindra Lifespaces is one of the leading real estate development companies in India. It has projects across the country and provides thoughtfully designed living spaces. The brand believes in responsible, green design and development, and is driven by its mission of Sustainable Urbanization. The company’s developments are characterized by thoughtful design and a welcoming environment that enhances the overall quality of life for both individuals and industries. Mahindra Lifespaces has been ranked 17th among India’s Great Mid-Size Workplaces 2019, by the Great Place To Work Institute.