Market Share of India Residential Construction Industry
The Indian residential construction market has become increasingly competitive and fragmented, with a large number of local and regional players and a few global players. Some of the major players in India include Delhi Land & Finance, Merlin Group, StepsStone Builders, Godrej Properties Limited, Prestige Group, and many others. Key players are expanding their projects to meet the increasing demand from end users. For instance, Godrej Properties is aggressively acquiring land for future development because of the strong housing demand. The company has added eight new projects this fiscal year 2023 with a potential revenue of INR 16,500 crore (USD 165 billion).
Meanwhile, in April 2022, Godrej Properties Ltd. acquired a 58-acre land parcel in Nagpur to develop a residential project to meet the increasing housing demand. Moreover, in December 2022, Godrej Properties acquired an 18-acre land parcel in Kandivali, Mumbai, for INR 750 crores (USD 91.67 billion) to develop a luxury housing project. Increased infrastructure spending, new government initiatives to drive investment, and new project announcements are expected to drive overall growth, which may attract more investors' attention.
India Residential Construction Market Leaders
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Delhi Land & Finance
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Merlin Group
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StepsStone Builders
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Godrej Properties Limited
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Prestige Group
*Disclaimer: Major Players sorted in no particular order
