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Biggest Names in Real Estate and How They’re Transforming Mumbai’s Landscape
Known as the economic backbone of India, Mumbai is the no.1 contributor to the country’s GDP. Aiming to become a trillion-dollar economy by 2024, the Maximum City has a host of projects in the making, which include real estate, transport, industrial, and various other sectors.
Over the years, the commercial capital has experienced a landscape change, with many high rises taking over, giving the city a futuristic and grandeur look. The real estate industry has revolutionalized its ways of working, adopting the modernist way of architecture.
Luxury living is the new way to go, whether it be a 1BHK, 2BHK, 3BHK, etc. The developers today are more accountable than ever with acts such as RERA and FEMA. Despite the increasing real estate prices, Mumbai remains one of the favorite cities to invest in for various reasons, some of which are listed below.
- Forward-thinking and cosmopolitan citizens
- High investment value
- Financial capital
- Increasing connectivity
- Renowned developers
As Mumbai gears up for a new way of living, let's look at some of the biggest names behind Mumbai’s changing landscape.
1. Lodha
Founded by Shri Mangal Prabhat Lodha in 1980, the multinational real estate company has operations in Mumbai, Thane, Hyderabad, Pune, and London. Offering premium housing equipped with the latest technology and furnishing, Lodha has its name on some of the tallest skyscrapers in the city.
Here is a look at some of the upcoming projects.
One of its most noteworthy projects includes the Lodha Trump Tower in Worli.
2. Kalpataru Group
Founded in 1969 under Shri Mufotraj P. Munot, Kalpataru Group is one of India’s leading real estate companies with its core values of business ethics, quality, prudence, respect, humility, and pride intact. Known for its high rises and stellar designs, the real estate giant has completed 72 projects in the city, with 19 under construction, some of which are the following.
- Kalpataru Vivant
- Kalpataru Vienta Towers A&B
- Kalpataru Elegante
- Kalpataru Matru Ashish
- Kalpataru Woodsville
3. K Raheja Corp
Established in 1956 and founded by Shri Chandru Lalchand Raheja, the K Raheja Corp is the second-largest commercial developer in India. The real estate giant has a host of work under its belt, including schools, colleges, malls, clubs, and residential apartments.
Here are some of its exciting projects in the pipeline
3. Kanakia Spaces
Founded under the leadership of Shri Rasesh Kanakia and Shri Himanshu Kanakia, Kanakia Group is one of the biggest names in the real estate market today. The three-decade-year-old company has delivered over 15 million sq. feet, building malls, schools, hotels, residential and commercial projects.
Here is a look at some of its upcoming projects
4. Runwal Real Estate Private Limited
Founded in 1978 under Subhash Runwal, the real estate biggie is one of the premier real estate developers in the city, with a seamless track record of 51 delivered projects. Recently conferred the 50 Best Real Estate and Infrastructure Companies by Construction Week, here is a look at some of its upcoming projects.
A special mention to some of the other developers, including Rustomjee, Godrej Properties, Oberoi Realty, and Shapoorji Pallonji Real Estate.
With numerous exciting projects under their belts, these real estate giants further look to strengthen the city’s real estate ecosystem.
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