DLF Secures Fourth Position in World’s Realty

September 28, 2007	(1 votes, average: 1 out of 5)  Loading ...
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Indian real estate giant, DLF, has secured the fourth position for itself amongst the world’s largest realty players. The rank has been given on the basis of market capitalization. DLF’s market cap is Rs 1, 28,563 crore.

Also, the company has recently listed on bourses raising $2.4 billion of funds. Having appeared in the list in such a short span of time has been the biggest milestone for the DLF.

Other players in the list are Hong Kong based Sun Hung Kai, Country Garden, and Cheung Kong, and Japan-based Mitsubishi Estate Co. DLF accounts for 7% of the total profits earned by the top five companies and 4% in terms of sales and contribution. The phenomenal market cap is an indicator of the high valuations by investors because of the growth witnessed by DLF.

Indian property market has come of age. There was a time when Emaar Properties and Capital Land, the biggest developer in South-East Asia, were seen as the unbeatable competitors in Indian industry. Today, DLF has left everyone behind in the race.

News Published Under:   Real Estate Developers |

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