Real estate stocks are essentially shares of companies involved in the real estate sector, including those owning, developing, or managing properties. Many of these stocks are in Real Estate Investment Trusts (REITs). REITs function as investment vehicles that own and often operate income-generating real estate. They allow investors to diversify by investing in portfolios that may include apartments, offices, warehouses, or retail spaces. Notably, REITs are recognized for distributing a significant portion of their income as dividends to shareholders. Now, let’s shift our focus to explore Top 10 Real Estate Stocks in India in 2024.
Table of Contents
Overview of Top 10 Real Estate Stocks in India
1. Phoenix Mills Ltd
- CMP: ₹2,493.20
- Market Capitalisation: ₹45,779 crore
- Phoenix Mills Ltd, an investment holding company, excels in developing and managing diverse real estate assets. With notable projects like Phoenix Palladium and Marketcity, they have a robust presence in cities like Mumbai, Chennai, and Bangalore. Hence it is on first place in the list of top 10 real estate stocks in India.
2. Godrej Properties Ltd
- CMP: ₹2309.05
- Market Capitalisation: ₹65,142 crore
- As a subsidiary of Godrej Industries Ltd, Godrej Properties is a top player in real estate. Known for crafting quality homes and spaces, from 1 BHK to luxurious villas, their projects like The Trees and Godrej 101 showcase excellence. Operating in India and internationally, including Dubai, the US, and Singapore, Godrej Properties is a standout choice in the real estate market.
3. Oberoi Realty Ltd
- CMP: ₹1,504.20
- Market Capitalisation: ₹55,211 crore
- Oberoi Realty Ltd is a leading player in India’s real estate market, specializing in high-end residential, commercial, hospitality, and retail projects. Known for landmarks like Oberoi Splendor and Prisma, the company has a strong presence, particularly in Mumbai. As one of the top 10 real estate stocks in India, Oberoi Realty is synonymous with premium quality and innovation. Hence investor looking for top 10 real estate stocks in India in 2024 may include in this list.
4. Prestige Estates Projects Ltd
- CMP: ₹1,286.70
- Market Capitalisation: ₹51,126 crore
- Prestige Estates, a major player in South India’s real estate, excels in property development, leasing, and retail spaces. With a strong presence in Bengaluru, Chennai, and Hyderabad, the company focuses on high-end projects, completing 112 offices and luxury hotels. Known for upscale residences, Prestige is a dominant force in the industry.
5. Kesar India Ltd
- CMP: ₹1,158.70
- Market Capitalisation: ₹409 crore
- Kesar India Ltd., part of the Kilachand Group, is a leading Nagpur-based real estate developer since 2003. Specializing in residential and commercial properties, their notable projects include Kesar Vihar and Kesar Shree. Certified with ISO 9001:2008 and affiliated with CREDAI, the company is currently developing the Kesar Gateway commercial complex in Nagpur, poised for growth amid the anticipated expansion of the Indian real estate market.
6. Brigade Enterprises Ltd
- CMP: ₹977.30
- Market Capitalisation: ₹22,307 crore
- Brigade Enterprises Ltd, a prominent property development firm, excels in diverse projects—residential, commercial, educational, retail, and hospitality. With a strong presence in Bangalore, Hyderabad, Kochi, and Mysore, the company also offers leasing and hospitality services.
7. DLF Ltd
- CMP: ₹777.05
- Market Capitalisation: ₹192,059 crore
- DLF Ltd, a top real estate developer in India, excels in residential, commercial, hospitality, and retail properties. Known for landmarks like DLF Emporio Mall and Cyberhub, the company also engages in leasing, power generation, and maintenance services. With a strong presence in Delhi, Haryana, and Maharashtra, DLF manages two hotels—The Lodhi and Hilton Garden Inn.
8. Hazoor Multi Projects Ltd
- CMP: ₹359
- Market Capitalisation: ₹546 crore
- Hazoor Multi Projects Ltd (HMPL), Mumbai-based since 1992, focuses on infrastructure and real estate. As a sub-contractor, it engages in national highway projects and is shifting towards Engineering, Procurement, and Construction (EPC) contracting. Listed on the Bombay Stock Exchange (BSE), HMPL showcased robust 2023 stock performance, reaching record highs. With diverse projects and positive financial news, HMPL stands out for its notable growth and performance.
9. Yuranus Infrastructure Ltd
- CMP: ₹86
- Market Capitalisation: ₹30 crore
- Yuranus Infrastructure Ltd, an Indian company, recently shifted its focus from an NBFC to concentrate on infrastructure and real estate. Originally established as Pankhil Finlease Limited in 1994, it underwent a rebranding in 2023 and currently holds a market capitalization of ₹30 crore. Although Yuranus specializes in financing various properties, it has yet to embark on major projects in its new focus areas.
10. Shristi Infrastructure Development Corporation Ltd
- CMP: ₹43.15
- Market Capitalisation: ₹97 crore
- Shristi Infrastructure Development Corporation Limited (SIDCL), a prominent Indian construction company founded in 1990, operates nationally with a focus on diverse projects like residential, commercial, industrial, and healthcare facilities. Notable projects such as Aitorma Agartala Sentrum and Bengal Shristi showcase its dedication to quality and sustainability.
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List of Top 10 Real Estate Stocks in India - 2024
| Stock Names | Current Market Price ₹ | Market Cap ₹(crore) | PE Ratio | ROE |
| Phoenix Mills | 2,493.30 | 45,779 | 49.57 | 10.46% |
| Godrej Properties | 2,309.05 | 65,142 | 98.32 | 7.01% |
| Oberoi Realty | 1,504.20 | 55,211 | 28.15 | 15.27% |
| Prestige Estates Projects | 1,286.70 | 51,126 | 29.83 | 15.54% |
| Kesar India | 1,158.70 | 409 | 521.94 | 33.06 |
| Brigade Enterprises | 977.30 | 22,307 | 74.82 | 8.82% |
| DLF Ltd | 777.05 | 192,059 | 85.73 | 5.91% |
| Hazoor Multi Projects | 359 | 546 | 8.46 | 44.58 |
| Yuranus Infrastructure | 86 | 30 | 29.67 | 31.18% |
| SIDCL | 43.15 | 97 | 0 | 41.91% |
Note: The above figures have been taken from Google Finance.
Points to Consider Before Investing in to Top 10 Real Estate Stocks in India
Before diving into real estate investments in India, it’s essential to consider key factors for a successful and secure venture. Here are some aspects to ponder:
- Location: For residential properties, prioritize proximity to amenities and transportation. The choice between a central or suburban area impacts both price and space. In commercial investments, connectivity to markets and transport is crucial. Look into long-term infrastructural development.
- Type of Property: Your investment purpose and budget determine the property type. Under-construction properties may be more affordable but come with uncertain timelines. Ready-to-move options, though pricier, offer immediate availability.
- Budget and Payment Plan: Clearly define your budget, covering initial payments and potential monthly EMIs if using loans. This proactive planning helps prevent financial challenges down the road.
- Purpose of Investment: Your end goal, whether for personal use, rental, or commercial purposes, shapes your property choice. Commercial spaces like offices and warehouses have different space requirements.
- Valuation of Property: Research the market value and price trends of the location and property type. Factor in potential future infrastructural developments that could impact property prices.
- Real Estate Laws and Government Approvals: Ensure the property is RERA registered and possesses necessary approvals from local authorities. Compliance with legal provisions and timely tax payments is critical.
- Background Check of Seller and Property: Verify the legal status, registration details, and market value of the property. Assess the builder’s reliability and check for any existing loans on the property.
Conclusion
Navigating the dynamic landscape of real estate investments in India requires thoughtful consideration of factors like location, property type, budget, and legal compliance. Armed with these insights, investors can confidently explore the “Top 10 Real Estate Stocks in India” for potential opportunities and growth in the market.
Frequently Asked Questions (FAQ)
Real estate investments can be profitable, providing consistent income and property value appreciation. However, success in real estate investing is determined by a number of factors, including market conditions, property location, and personal financial aspirations.
Yes, real estate investments can yield profits from rental income, property value appreciation, or both. However, success is determined by market trends and conditions, as well as property location and management.
The Numerous app allows you to invest in major real estate equities. These apps like groww provides features such as the assets Tracker for real-time updates and insights into your assets. So through these apps you can invest in top 10 real estate stocks in India.
Real estate investing offers the potential to increase wealth, particularly over time through property appreciation and rental revenue. However, like any investment, it is not guaranteed and with its own set of hazards.