India’s real estate sector witnessed its slowest value growth on record in 2026, reflecting a challenging year for the property market despite continued activity in premium housing and commercial developments. According to the latest GROHE-Hurun India Real Estate 150 Report, the combined valuation of the country’s top 151 real estate companies increased by just 2% year-on-year to ₹16.5 lakh crore, marking the weakest growth since the rankings were first introduced.
The report attributes the subdued performance to broader market pressures, including a 20% decline in the BSE Realty Index, which weighed on listed real estate companies throughout the year. Despite the slowdown, several developers continued to strengthen their market positions through strategic expansion and diversified real estate portfolios.
A major highlight of this year’s report was the reshuffle in India’s richest real estate entrepreneurs. Gautam Adani and family claimed the top position on the GROHE-Hurun India Real Estate Rich List for the first time, overtaking DLF Chairman Rajiv Singh and family. Adani’s wealth in the real estate sector surged 73%, making Adani Properties the biggest value creator of the year after adding nearly ₹38,000 crore to reach a valuation of ₹90,400 crore.
Rajiv Singh and family slipped to the second position with a real estate wealth of ₹90,200 crore, while Mangal Prabhat Lodha and family of Lodha Developers secured third place with a fortune valued at ₹67,700 crore.
Although Adani topped the wealth rankings, DLF retained its position as India’s most valuable real estate company, with an enterprise value of ₹1.47 lakh crore. Lodha Developers ranked second with a valuation of ₹93,700 crore, followed closely by Indian Hotels Company at ₹93,300 crore.
Adani Properties climbed to the fourth position among India’s most valuable real estate companies, while Prism (OYO) emerged as one of the year’s biggest gainers. Its valuation jumped 107% to ₹67,200 crore, enabling it to enter the top five companies in the rankings.
Despite the sector’s muted overall growth, the report indicates that leading developers continue to invest in large-scale residential, hospitality and mixed-use projects, positioning themselves for long-term opportunities as India’s urbanisation and infrastructure development continue to drive demand for quality real estate.
Disclaimer: This report has been editorially prepared using publicly available information. While every effort has been made to ensure accuracy, unintentional errors or omissions may occur. Readers are encouraged to verify important information through official sources.
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