Top Real Estate Stocks in India

The real estate industry in India is buzzing as housing demands are rising, and big developers are making the most of the moment. Top real estate stocks are also going through changes with faster infrastructure upgrades and development. 

Whether you’re saving up or thinking long-term, real estate stocks offer a tangible shot at growth. In this article, let’s dive into the sector, top real estate stocks 2025 by market capitalisation, and how investors can make the most of it. 

Understanding the Real Estate Sector in India

The real estate industry in India is projected to reach a market size of US$1.3 trillion by 2034 and US$5.7 trillion by 2047. It includes residential homes, offices, retail spaces, and basically everything we live, work, or shop in. Thanks to urbanisation, rising incomes, and government initiatives like PM Awas Yojana and RERA, the real estate market is gaining steam. The sector is projected to contribute around 13% of GDP, up from 7% a decade ago. 

It is estimated that about 50% of India’s population will be living in urban areas by 2047. This shift will also lead to a rise in demand for residential, retail, and office spaces. Moreover, upcoming segments like data centres, co-living, and senior living are also set for growth in the upcoming years. Real estate demand for data centres is projected to go up by 15-18 million sq. ft. in 2025. 

That said, home sales in the top 7 cities in India fell 32% YoY in H1CY2025. But in June 2025, 11,211 properties were registered and they generated ₹1,004 crore, the second-highest collection in June since 2019. This tells us that the sector is riding on affordable credit, infrastructure growth, technology adoption, and rising urban living, all of which can translate into attractive returns for real estate stocks.

List of Top Real Estate Stocks

Here are the top real estate stocks by market capitalisation: 

Now, let’s go through each of the stocks in detail and explore which ones can be added to your investment basket: 

1. DLF Ltd.

With a legacy of over 78 years, DLF Ltd. is India’s largest real estate developer in India with its focus on luxury residential, commercial, and retail spaces across 24 cities in 15 states. Among one of the top real estate stocks in India, DLF has planned to double its cash flows and PAT and earn ₹10,000 crore in annual rentals by FY30. 

The company has also aimed to hold a group net-zero position by FY30. After selling out on Privana West (795 units) and Privana South (1,113 units) with a total sales of ₹12,790 crore, DLF is now planning to launch luxury high-rise projects. The company is set to boost sales in FY26 by launching housing projects worth ₹17,000 in the financial year. 

In Q4 FY25, the company’s net profit rose 59% to ₹4357 crore with new sales bookings at ₹21,233 crore, up 44% YoY from the same period last year. DLF’s consolidated income for FY25 also stood at ₹8,996 crore, up from ₹6,958 crore in FY24. 

2. Macrotech Developers (Lodha)

With a legacy of over 44 years, around 40 operating projects, and over 65,000 homes delivered, Lodha is one of India’s top real estate stocks in 2025. Lodha’s business model emphasises predictable, profitable growth, with five consecutive quarters of pre-sales exceeding ₹4,000 crore and a focus on high-quality housing that resonates with India’s growing urban population. Its addition of 10 new projects with a gross development value (GDV) of ₹23,700 crore in FY25 further secures its future growth pipeline. 

Standing out as one of India’s top real estate stocks, the company reported a remarkable 71% surge in net profit in FY25 to ₹2,770 crore, with total revenue climbing 34% year-on-year to ₹13,780 crore. Lodha achieved record pre-sales of ₹17,630 crore for the year, a 21% increase, demonstrating strong demand for its residential and commercial projects across key markets like Mumbai, Pune, and Bengaluru. 

The company’s net profit margin expanded to 20%, up from 15% in FY24, reflecting improved operational efficiency and disciplined cost management. This reinforces Lodha’s position as a top pick for investors seeking exposure to India’s dynamic real estate sector. 

3. Prestige Estates Projects Ltd.

Prestige Estates Projects Ltd is recognised as one of India’s leading real estate stocks, backed by a strong legacy and a diversified portfolio across residential, commercial, retail, and hospitality sectors. The company’s focus on premium projects in key markets like Bengaluru, Mumbai, and Hyderabad has helped it increase its average realisation to ₹14,113 per sq ft in FY25, a 36% increase year-on-year, showcasing its ability to command strong pricing power.

Prestige’s strategic launches, including 14 million sq ft of new projects in Q4 FY25 with a gross development value (GDV) exceeding ₹16,000 crore, underscore its robust growth pipeline. The company plans to launch projects worth ₹42,000 crore in FY26, aiming to boost sales and capitalise on urban housing demand. 

In FY25, Prestige reported consolidated revenue of ₹7,735 crore with pre-sales of ₹17,023 crore. Although net profit for FY25 declined due to macroeconomic factors, Prestige’s strong collections of ₹12,084 crore and prudent financial management have kept its balance sheet healthy. With a pan-India presence and a focus on premium, high-margin developments, Prestige Estates Projects Ltd continues to be among the best real estate sector stocks.

4. Godrej Properties Ltd.

As #1 global sustainable developer with 127 years in the industry, Godrej Properties Ltd has emerged as one of the top real estate stocks in India. The company expanded its project delivery by 47% year-on-year, completing 18.4 million sq ft across five cities in FY25. With 14 projects added in FY25, totalling 19 million sq ft and a booking value potential of ₹26,450 crore, the company is well-positioned for sustained growth. 

Godrej reported a 57% rise in total income to ₹6,848 crore and a 93% jump in net profit to ₹1,400 crore in FY25, its highest ever annual profit. The company also posted its highest-ever residential sale collections of ₹17,047 crore, up 49% from the previous year, reflecting strong cash flow and operational efficiency. In Q4 FY25 alone, bookings crossed ₹10,163 crore, the first time quarterly bookings surpassed ₹10,000 crore. 

Its strong presence in key markets like NCR, Mumbai, and Bengaluru, coupled with disciplined financial management and consistent booking growth over eight consecutive years, underscores Godrej Properties as a leading and resilient real estate stock in India. 

5. Oberoi Realty Ltd.

Oberoi Realty Ltd is a leading real estate developer headquartered in Mumbai, Maharashtra, known for its premium office, residential, commercial, hospitality, retail, and social infrastructure projects across India. The company is recognised for its commitment to quality, innovation, and sustainable development, with a strong focus on customer-centricity and ethical business practices. 

Oberoi’s premium residential and commercial projects, including the recently launched Sky City Mall in Borivali, have received a strong market response, supporting steady sales momentum. The company’s commercial portfolio, notably Commerz III, also continues to attract marquee tenants

The company reported a 31% increase in booking value to ₹5,266 crore, with 928 units sold covering 12.8 lakh square feet in FY25, up from 705 units and 10.8 lakh square feet in FY24. Oberoi Realty’s consolidated revenue also rose to ₹5,474 crore in FY25 from ₹4,819 crore the previous year, while PAT increased to ₹2,224 crore from ₹1,925 crore, reflecting healthy profitability despite some quarterly fluctuations. With a growing pipeline of upcoming projects, Oberoi Realty is well-positioned to capitalise on sustained real estate demand. 

Key Factors to Consider Before Investing in Real Estate Stocks

Before you invest in top real estate stocks in India, here are a few important factors you must consider: 

Debt & Cash Position

Strong developers maintain healthy cash reserves and manageable debt. This determines whether they can fund projects smoothly or get stuck in financial trouble.

Sales Bookings & Pipeline

The price at which people book the property (even before construction) can tell you about a real estate company’s future income. Tracking sales bookings will give you insight into how much cash is flowing in and when.

Geographic Spread

Companies that spread across multiple cities like Hyderabad, Delhi-NCR, Bengaluru are less exposed to regional slowdowns than the ones who only operate in a single city.

Product Mix & Buyer Segment

Affordable, luxury, or commercial focus, all segments have different demand drivers. Luxury homes perform during premium-demand booms, while affordable segments have steadier volumes. Take these factors into consideration before making a pick. 

Regulatory Environment

Policies like RERA, GST, and interest rate shifts can hit sales and timelines. More transparency is great, but rate hikes can affect the sector. 

Execution Track Record

Delays and overruns hurt the reputation and profit of real estate stocks. Developers with a clean history of timely delivery tend to fare better.

Final Thoughts

Real estate stocks in India are no longer just about slow-moving assets or distant returns; they’re actively driving growth in a rising economy. If you’re looking to invest in long-term structural trends like urban migration, infrastructure expansion, and rising incomes, these real estate companies are at the frontlines. But remember, while the potential is big, so are the risks, as capital-heavy businesses come with execution and market cycle uncertainties.

Real estate stocks can be rewarding if you stay informed, diversify, and match your picks to your investment goals. Think long-term, track the pipeline and debt, and choose developers with vision, not just land banks. Happy investing!

FAQs

1. How to invest in top real estate stocks?

To invest in top real estate stocks, open a demat account with Share.Market, transfer funds, pick your preferred stocks, and hit buy. Make sure that you stay updated by keeping track of quarterly reports and news on the companies.

2. Are real estate stocks good for long-term investment?

Yes, real estate stocks can yield good policy returns via capital appreciation & dividends, but market volatility and regulation mean you should be in for the long haul.

3. What are the risks of investing in the real estate sector?

Interest rate hikes, delayed projects, high leverage, falling demand, and regulatory changes like tax hikes or stricter RERA rules can hurt the earnings of real estate stocks. 

4. What role does RERA play for retail investors?

RERA protects you by mandating timelines, transparency in project updates, and deposit requirements to safeguard homebuyers and investors alike.

5. What is a REIT?

A Real Estate Investment Trust (REIT) owns income-generating real estate. In India, you can invest in REIT units to gain exposure without owning physical real estate properties.

Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Registration granted by SEBI, enlistment as a Research Analyst with the Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The securities are quoted as an example and not as a recommendation.

This is for informational purposes and should not be considered as recommendations. Kindly refer to  https://share.market/ for more details. PhonePe Wealth Broking Private Limited, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887.