Mumbai: Gautam Adani and his family’s Adani Properties were the biggest gainer in India’s real estate industry, adding Rs 38,000 crore to reach Rs 90,400 crore in valuations, a 73% surge in wealth.According to the 2026 GROHE-HURUN India list of the country’s top 151 property companies released on Tuesday, Adani Properties moved four places to fourth position, the largest absolute value gain on the list.Led by Pranav Adani and Rajesh Adani, the Ahmedabad-headquartered firm is India’s most valuable unlisted developer, said the report. Adani Group’s real estate division has a substantial presence in Mumbai’s property market. It is developing a 24-acre land parcel in Bandra Reclamation, a 143-acre Motilal Nagar redevelopment project in Goregaon (W), and the 600-acre Dharavi Redevelopment project.However, Gurugram-based DLF retained the top spot with a valuation of Rs 1,46,600 crore, despite a 29.3% decline over the year. It remains India’s most valuable real estate company.Mumbai-based Lodha Developers led by Abhishek Lodha, ranked second on the list at Rs 93,700 crore, although the company’s value fell 32.2%.“Indian Hotels Company held third place with Rs 93,300 crore. Under Puneet Chhatwal’s leadership, the Taj Group saw a 13.9% decline in valuation but continues to expand across luxury and mid-market formats,’’ said the report.Prism (OYO) entered the top 10 at fifth place, reaching Rs 67,200 crore after 106.8% growth over the year. “Led by Ritesh Agarwal and based in Gurugram, the platform records the highest percentage growth among hospitality companies,’’ it said.Phoenix Mills, led by Atul Ruia, rose one spot to sixth place at Rs 63,300 crore with a 13.2% increase, while Oberoi Realty (Vikas Oberoi) ranked seventh with Rs 62,700 crore, after a 9.7% decline.Chandru-Raheja-led K Raheja Corp entered the top 10 at eighth place with Rs 61,700 crore. Prestige Estates Projects ranked ninth at Rs 58,700 crore, dropping five places after a 17.9% decline in value.Godrej Properties was ranked 10th with Rs 53,100 crore, after a 24.8% decline over the year.However, it was not a great year for Indian Realty. “The cumulative value of companies in the 2026 GROHE – HURUN India Real Estate 150 grew by just 2%, compared to a 14% growth last year, the lowest in the history of the list. This slowdown was accompanied by a 20% decline in the BSE Realty Index,’’ said the report.Mumbai leads India’s real estate map with 50 companies, and a cumulative valuation of Rs 7,31,800 crore. New Delhi ranks second with 19 companies (Rs 82,900 crore), while Gurugram and Bengaluru tie for third with 18 companies each — Gurugram’s Rs 3,28,600 crore value, anchored by DLF and new commercial trusts, far outweighing Bengaluru’s Rs 2,12,600 crore.“Residential sector continues to dominate with 98 companies and a cumulative value of Rs 8,24,300 crore led by Lodha Developers, Adani Properties and Oberoi Realty. Hospitality ranks second by company count, with 24 companies (Rs 2,85,500 crore) led by Indian Hotels Company, Prism (OYO), and ITC Hotels,’’ said the report. The commercial segment, though fewer in number at 19 companies, commands Rs 4,13,700 crore.LIST OF THE TOP WEALTHIEST IN THE 2026 GROHE – HURUN India Real Estate 1501) Gautam Adani & Family, Adani Properties: Rs 90, 400cr2) Rajiv Singh & Family, DLF: Rs 90,200cr3) M P Lodha & Family, Lodha Developers: Rs 67,700cr4) Vikas Oberoi, Oberoi Realty: Rs 42,500cr5) C L Raheja & Family, K Raheja Corp: Rs 42,200cr6) Atul Ruia & Family, Phoenix Mills: Rs 29,000cr7) Raja Bagmane & Family, Bagmane Prime Office Reit: Rs 29,100cr8) Niranjan Hiranandani, Hiranandani Communities: Rs 26,600cr9) Basant Bansal & Family, M3M India Group: Rs 25,500cr10) Bijay Kumar Agarwal Family, Sattva Developers & Knowledge Realty Trust: Rs 20,500cr
