May 2026
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Largest Real Estate Development Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
DLF, Lodha Developers, Brigade Enterprises, Embassy Developments and Omaxe.
 | DLF Ltd is a general real estate company. The company's development business majorly focuses on developing and selling residential real estate. This includes plotted developments, houses, villas, and apartments of varying sizes and integrated townships, with a focus on high-end, luxury residential developments. DLF's business also consists of commercial and shopping complexes. The company considers merger and acquisition investment as a potential component of its operational growth strategy. | $6 | -32% | $15B | $14B | 16.6x | 41.6x | ||
| Lodha Developers Ltd is a real estate developer in India. Its core business is residential real estate developments with a brand presence across luxury, premium, and mid-income housing segments. The company's portfolio includes approximately forty projects across three key real estate markets in India: Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. In addition, it is involved in building select annuity income streams through facilities management, industrial and warehousing, and leasing of selected retail and office spaces. The company has introduced BelleVie, a digital platform that complements its facilities management business by connecting residents with a diverse range of customized marketplace services. It operates in one reportable segment, i.e., Real Estate development. | $9 | -37% | $9B | $10B | 5.4x | 17.0x | ||
| Brigade Enterprises Ltd is a property development company. The company's operating segments include Real Estate, Hospitality, and Leasing. The Real Estate segment which generates maximum revenue, specializes in the development of residential and commercial projects on a sale basis. The company's portfolio includes villas, penthouses, premium residences, luxury apartments, value homes, urban studios, independent living for seniors, mixed-use lifestyle enclaves, and townships. | $7 | -- | $2B | $2B | 3.3x | 11.6x | ||
| Embassy Developments Ltd is engaged in real estate development, including the purchase, sale, construction, and management of residential, commercial, industrial, and other properties, both movable and immovable, and Special Economic Zone (SEZ) projects across Indian cities, with a strategic focus on Bengaluru, the Mumbai Metropolitan Region (MMR), and the National Capital Region (NCR). | $1 | -- | $826M | $1B | 6.9x | (39.7x) | ||
| Omaxe Ltd is engaged in the real estate business. It carries on the construction, development, and sale of townships, residential, and commercial properties. Geographically, it derives prime revenue from India. The company's residential properties include The Lake, Omax plots, Celestia Royal Premier, Ambrosia, Celestia Grand, and The Resort. The company's commercial projects include Pearls Omaxe, Omaxe Square, Omaxe Chowk, and Omaxe Statue. The company derives almost all of its revenue from real estate projects. | $1 | -- | $146M | $153M | 1.2x | (2.4x) | ||
| Median | $6 | -34% | $2B | $2B | 5.4x | 11.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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