Gautam Adani, family's property arm top realty wealth gains, adds Rs 38,000 crore in 2026 rankings

Gautam Adani and his family's Adani Properties emerged as the biggest wealth creator in India's real estate sector this year, adding Rs 38,000 crore in value to reach Rs 90,400 crore, according to the 2026 GROHE-Hurun India Real Estate 150 list.

The Ahmedabad-based company recorded a 73% jump in valuation — the highest among companies on the list — and climbed four places to rank fourth. Led by Pranav Adani and Rajesh Adani, Adani Properties is also India's most valuable unlisted real estate developer, the report said.

The Adani Group has been expanding its footprint in Mumbai's property market through marquee projects including the 24-acre Bandra Reclamation development, the 143-acre Motilal Nagar redevelopment in Goregaon (West), and the 600-acre Dharavi Redevelopment Project.


Despite a 29.3% decline in valuation, Gurugram-based DLF retained its position as India's most valuable real estate company with a valuation of just under Rs 1.5 lakh crore. Mumbai-based Lodha Developers ranked second at Rs 93,700 crore after a 32.2% fall in valuation over the year.

Indian Hotels Company was third with a valuation of Rs 93,300 crore. The Tata Group hospitality company, led by Puneet Chhatwal, saw its valuation decline 13.9% even as it continued expanding across luxury and mid-market hotel segments, the report said.

The broader real estate sector had a subdued year. The cumulative value of companies in the 2026 GROHE-Hurun India Real Estate 150 list rose just 2%, sharply lower than the 14% growth recorded a year earlier and the weakest performance since the ranking was introduced. The slowdown coincided with a 20% decline in the BSE Realty Index, according to the report.

Mumbai continued to dominate India's real estate landscape with 50 companies on the list and a combined valuation of Rs 7.3 lakh crore. New Delhi followed with 19 companies valued at Rs 82,900 crore, while Gurugram and Bengaluru shared the third spot with 18 companies each.

Gurugram, driven by DLF and newly listed commercial real estate trusts, had a combined valuation of nearly Rs 3.3 lakh crore, significantly ahead of Bengaluru's Rs 2.1 lakh crore.

(With inputs from TOI)