Best Real Estate Stocks to Invest in 2024 | List of Realty Stocks

real estate stocks The real estate sector was one of the worst hit sectors during the Covid-19 pandemic. Ever since the pandemic began, many real estate stocks plunged to new lows. For example, the share price of DLF Ltd. fell by 50% between January 2020 and April 2020. The share price of Godrej Properties also fell by 37% during the same duration. Not just this, many other real estate stocks also saw a steep fall. But, gradually as the economy started to revive, the shares of real estate companies started to rally again. Real estate giant,  DLF Ltd. was in a continuous bullish rally from April to October 2021. real estate stocks Since April 2021, Indian real estate stocks have seen massive growth in their share prices. Today, we will take a look at all the real estate stocks listed on the Indian stock exchange. Let’s begin.

In this article: 

  1. Overview of the Indian real estate sector
  2. Real estate stocks listed on the Indian stock exchanges
  3. Alternative for investing in real estate stocks

Overview of the Indian Real Estate Sector

The real estate sector is one of the most popular sectors across the world. Even if you do not believe in investing, you would still plan to buy a house sooner or later in your life. So, almost every one of us plans to invest in the real estate sector at least once in our lifetime. And because of this never ending demand and limited supply, the prices of properties are touching new heights. Now remember, the real estate sector is not just limited to residential properties. It also includes hospitality and commercial spaces. So, 80% of the real estate sector developed in India consists of residential space and 20% includes offices, shopping malls, hotels and hospitals. The Indian real estate sector has seen high growth in recent times as the demand for office and residential spaces have spiked. Between January 2021 and September 2021, private equity investment inflows in India stood at US$ 3.3 billion. Not just that, the home sales volume across seven major cities in India surged 113% year on year (YoY) in the third quarter of 2021. There has also been an increase in inflow from Foreign Direct Investors (FDIs) by 7% on a YoY basis. So, it is safe to say that the Indian real estate sector is slowly picking up pace and might soon be one of the fastest-growing sectors in India.

Here is a list of all the real estate stocks listed in India

Sr.NoNameCurrent Market Price52 week high52 week lowMarket capitalization  in crores
2Macrotech developers Ltd.1,0101,53949248,637
3Godrej Properties Ltd1590.552,5981,20044,204
4Oberoi Realty Ltd976.71,05251435,628
5Prestige Estates Projects Ltd493.455526019,762
6Phoenix Mills Ltd1043.71,20067218,627
7Brigade Enterprises Ltd480.555523111,093
8Sunteck Realty Ltd497.255902507,282
9NBCC (India) Ltd39.859.834.27,155
10Sobha Ltd693.81,0454426,544
11Mahindra Lifespace Developers Ltd373.854111525,713
12Indiabulls Real Estate Ltd100.6519674.75,436
13Dilip Buildcon Ltd2787502344,057
14Ahluwalia Contracts India Ltd505.1563.62803,379
15Puravankara Ltd108.7516663.82,573
16Ganesh Housing Corporation Ltd301.830957.12,508
17D B Realty Ltd9513416.82,330
18Kolte Patil Developers Ltd297.33602062,274
19PSP Projects Ltd568.26393942,076
20Anant Raj Ltd62.158647.851,835
21Omaxe Ltd92.55109561,694
22Ashiana Housing Ltd154.4209.9108.851,591
23JMC Projects (India) Ltd86.1130751,443
24Ajmera Realty & Infra India Ltd376.3495104.651,339
25Arvind SmartSpaces Ltd217.1257.8592.1919
26BIGBLOC Construction Ltd120.313115.5856
27Parsvnath Developers Ltd18.227.27779
28Arihant Superstructures Ltd156.05204.552641
29Marathon Nextgen Realty Ltd126.414346.8623
30B.L.Kashyap & Sons Ltd25.53313.5575
31Hubtown Ltd62.77614.5458
32Jaypee Infratech Ltd3.25.051.38439
33Prozone Intu Properties Ltd28.1556.415.4427
34Peninsula Land Ltd13.519.46.61371
35Geecee Ventures Ltd170.2521199.9353
36Ansal Properties & Infrastructure Ltd19.0520.95.35297
37Vipul Ltd24.84216.7296
38Nila Infrastructures Ltd7.3510.64.1284
39Art Nirman Ltd91.2196 226
40Pansari Developers Ltd12122545211
41RPP Infra Projects Ltd48.378.840180
42Poddar Housing & Development Ltd248.95313139164
43PVP Ventures Ltd6.6104.18159
44Prajay Engineers Syndicate Ltd20.1531.57.5147
45TCI Developers Ltd384.15549279131
46Landmark Property Development Company Ltd8.3517.91.86112
47Ansal Housing Ltd8.18.257.746
48Country Condos Ltd5.758.741.9944

Real Estate Stocks Now, let’s take a look at the details of the top 5 real estate stocks in India as per market capitalization.

1. DLF

DLF stands for Delhi Land and Finance Ltd. It is a leading real estate company in India. The company is involved in the development of offices, residential and retail properties. Not just that, it is also engaged in the business of leasing, generation of power, provision of maintenance services, hospitality and a lot more. Currently, the market cap of DLF Ltd. is Rs. 96,339 crores. This makes it the biggest company in the real estate sector as per market capitalisation. The company has been in this sector for over 75 years and has developed over 150 real estate projects covering a total area of 330+ million sq. ft. DLF

Here are the key financials of DLF Ltd. 

Market Cap (Cr): Rs. 96,352 Cr.Face Value: Rs. 2EPS: Rs. 6.37
Book Value: Rs. 144ROCE (%): 4.29 % Debt to Equity: 0.16
Stock PE: 55.1ROE (%): 3.13 % Dividend Yield (%): 0.50 % 
Total Debt (Cr): Rs. 5,736 Cr.Promoter’s Holdings (%): 75.0 % 

*Data as on 19th April 20222. 

2. Macrotech Developers Limited. 

Macrotech Developers Limited is none other than real estate veteran Lodha Developers., The company is engaged in the business of real estate development. They have developed many commercial and residential properties across India. The company has completed over 90 projects comprising a total area of 80 million square feet as of FY 2021. It has also created several brands for mid-range and premium houses.

  • Lodha, CASA, Crown are for its affordable and mid-income housing projects.
  • Lodha Luxury for its premium and luxury housing projects.
  • iThink, Lodha Excelus, Lodha Supremus and Lodha Signet brands for its office spaces.

Lodha Builders The company also entered the UK real estate market in 2013. It has acquired a prime property on Grosvenor Square in London from the Canadian Government. Here are the key financials of Macrotech Developers Limited.

Market Cap (Cr): Rs. 51,483 Cr.Face Value: 10EPS: Rs. 22.3
Book Value: Rs. 154ROCE (%): 7.11 %Debt to Equity: 2.05
Stock PE: 52.6 ROE (%): -16.5 % Dividend Yield (%): 0
Total Debt (Cr): Rs. 15,191 Cr.Promoter’s Holdings (%): 82.22 

*Data as on 19th April 2022

3. Godrej Properties

Godrej Properties Limited was incorporated in 1897. It is a subsidiary  of Godrej Industries Ltd. This company is engaged in the development of real estate. The company has developed various residential buildings, commercial complexes, and townships. The company has a diversified portfolio of inventory. Out of the total saleable area, Pune accounts for 27%. Mumbai Metropolitan Region (MMR) accounts for 21%. Bangalore accounts for 17%. Delhi accounts for 15% and the rest 21% is located at other locations across India. Godrej Properties The biggest advantage for the company is its funding cost. The company has the lowest bank funding cost of around 7.3% per annum, as it has a strong financial position and goodwill as it is a part of the Godrej Group. Here are the key financials of Godrej Properties

Market Cap (Cr): Rs. 44,970Face Value: Rs. 5EPS: Rs. -3.60
Book Value: Rs. 301 ROCE (%): 0.63 %Debt to Equity: 0.57
Stock PE: 217ROE (%): -3.38 %Dividend Yield (%): 0.00 %
Total Debt (Cr): Rs. 4,799Promoter’s Holdings (%): 58.43 

*Data as on 19th April 2022

4. Oberoi Realty

Oberoi Realty was incorporated in 1998. Previously the company was known as Kingston Properties Pvt Ltd. but later it was renamed to Oberoi Realty. The company is engaged in the development of residential, office space, retail, hospitality, and social infrastructure verticals. The company generates revenue from these sources.

  • 81% of revenue is generated from its residential projects such as Seven, Exquisite, Esquire and three sixty west.
  • 16% of revenue is generated from rental income from investment properties like malls and commercial spaces.
  • 4% of revenue is generated from hospitality and property management services like sale of rooms, food and beverages, etc.

Oberoi Realty Here are the key financials of Oberoi Realty

Market Cap (Cr): Rs. 36,124Face Value: Rs. 10EPS: Rs. 30.3
Book Value: Rs. 267ROCE (%): 9.47 % Debt to Equity: 0.22
Stock PE: 32.8ROE (%): 8.18 %Dividend Yield (%): 0 
Total Debt (Cr): Rs. 2,094Promoter’s Holdings (%): 67.70 

*Data as on 19th April 2022

5. Prestige Estate

Prestige Estates Ltd. was incorporated in 1997 and is one of the renowned businesses in the real estate space. Till date, the company has completed 120 residential projects, 112 office projects and 8 hospitality projects consisting of hotels, resorts and spas. Prestige estates generates 76% revenue from the real estate segment. 15% revenue is generated from leasing and subleasing business and the remaining 11% revenue is generated from offering services such as room rentals, food, beverages business etc. Not just that Prestige Office Ventures has acquired a 70% equity stake in Shipco Infrastructure Pvt Ltd which works into the logistics space. Here are the key financials of Prestige Estate Ltd.

Market Cap (Cr): Rs. 19,660Face Value: Rs. 10EPS: Rs. 39
Book Value: Rs. 168ROCE (%): 12.3%Debt to Equity: 0.84
Stock PE: 45.9%ROE (%): 6.49%Dividend Yield (%): 0.30%
Total Debt (Cr): Rs. 5,648Promoter’s Holdings (%):65.48 

*Data as on 21th April 2022

6. Phoenix Mills

Phoenix Mills Ltd is one of the most renowned property developers in the world. It currently owns eight largest malls across major metro cities including Mumbai, Bengaluru, Chennai, Pune and Lucknow. It has been in this sector for over 100 years. If we talk about the revenue sources of the company, 80% of the revenue is generated from its property business. 18% is generated from its hospitality business. Here are the key financials of Phoenix Mills

Market Cap (Cr): Rs. 18,153Face Value: Rs. 2EPS: Rs. 11.4
Book Value: Rs. 316ROCE (%): 4.22 %Debt to Equity: 0.69
Stock PE: 92.6ROE (%):1.22 %Dividend Yield (%): 0.10 %
Total Debt (Cr): Rs. 3,874Promoter’s Holdings (%):47.34 

*Data as on 21th April 2022

Alternative for investing in real estate stocks

Now, we have already seen the details of a few real estate stocks listed in India. But there is another alternative of investing in real estate -  Real Estate Investment Trust (REIT).

But what is REIT?

A Real Estate Investment Trust (REIT) is a trust, which owns, finances, and operates income-generating real estate projects. A REIT will use your invested money to buy physical real estate assets such as shopping malls, commercial spaces, hotels, apartments, etc. The maintenance cost of the property will be deducted from the rent earned and the remaining profits will be distributed among all the REIT unit holders in the form of dividends. Currently, there are three listed REITs in India.

Recommended watch: What are Infrastructure Investment trusts?

Bottom line

With this, we come to the end of our discussion on the top real estate stocks listed on the Indian stock exchanges. In this article, we discussed a few real estate stocks according to their market capitalisation. We have also provided a list of other real estate stocks listed on the stock exchanges. If you wish to invest in any of these real estate stocks or REITs, all you need to do is open a Demat account with Samco and get access to a world-class trading platform at your fingertips.

Download App to know your Andekha Sach

Get the link to download the app.

Google Play Store App Store
Samco Fast Trading App

About The Author

Leave A Comment?