November 5, 2014

An Overview of Real Estate Companies in Mumbai

An Overview of Real Estate Companies in MumbaiLooking into the major players in Mumbai's real estate sector today?

Mumbai is not only India's financial capital, but also a world city. Therefore, there is a certain image that it must present to the world. The two sharers of a city are the government and real estate developers. While the government does the job of facilitating and providing basic infrastructure like roads, public transportation, electricity, water etc., it is real estate developers who are in charge of sculpting the "Face" of the city.

Shapoorji Pallonji Group is a name that Mumbai is very acquainted with. With a portfolio consisting of landmarks like the Bombay Stock Exchange building, Mumbai Central Station, Brabourne Stadium, Standard Chartered Bank and Reserve Bank of India Building, etc., this US $2.5 billion group is part of Mumbai's very heritage. Today the crowning jewel of their long list of historical achievements is the Imperial Towers - India's tallest structures.

Lodha Group is a company that has attracted great attention due to their project under construction, World One, in Upper Worli. This 117 storey super-tall structure will cost  20 billion to make, and will be the world's tallest residential tower when complete, which would be a great achievement for India. Besides World One, the group has more than 30 projects in and around Mumbai, and working on more than 35 million square feet of real estate.

Godrej Properties is a major player, working on 89.7 million square feet of real estate, across 12 cities of India. One of their major projects is Planet Godrej - a 51 storey residential tower, and one of the tallest structures in India. Oberoi Realty is another big player, having completed 32 projects over 4.979 million square feet of saleable area. The 85 storey Oasis Tower, which will be India's second tallest structure when complete, is a joint venture between Sahana and Oberoi Realty. Hiranandani Developers are famous for changing the face of Powai with Hiranandani Gardens, along with numerous other huge projects in and around Mumbai.

Another player of high repute is Adani Realty. Their featured real estate project in Mumbai is Western Heights - a 29 storey residential tower with luxury apartments, in Andheri (W) right next to Azad Nagar Metro Station. Adani Realty's operations extend beyond Mumbai, with Shantigram in Ahmedabad - Gujarat's largest integrated township. With such impressive projects in its portfolio, Adani Realty is slated to leave a solid imprint on Mumbai's real estate sector.

Working on 45 million square feet of real estate is Tata Housing Development Company. With 25 projects in and around Mumbai, is DB Realty. Bombay Realty is currently developing 700 acres in Mumbai owned by the Wadia Group. Other major real estate developers of Mumbai include K Raheja Constructions, Wadhwa Group, Runwal Group, Piramal Realty, Orbit Corporation, HDIL etc.

It is heartening to see developers committed to quality and excellence, being in charge of changing the skyline of Mumbai. With their vision and global standards, they are working hard to ensure that Mumbai's appearance lives up to its tag of "world city". And at the speed at which they are working, that goal will be reached very soon.

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