Table of Contents
- Introduction
- Lodha Group
- Oberoi Realty
- Godrej Properties
- K Raheja Corp
- L&T Realty
- Runwal Group
- Kalpataru Group
- Shapoorji Pallonji Real Estate
- Piramal Realty
- Hiranandani Group
- Homebuyer's Perspective
- Comparative Table of Top Builders in Mumbai
- Conclusion
- Faq's
Introduction
Mumbai, famously known as the "City of Dreams," is not just a place, it's a lifestyle. With its ever-evolving skyline, bustling neighbourhoods, and fast-paced development, choosing the right home here can feel overwhelming. Thankfully, a handful of trusted and visionary real estate developers have made the homebuying journey easier by offering quality homes across the city's prime and emerging locations. From affordable apartments to luxurious penthouses, these builders have earned their reputation by delivering well-designed, legally compliant, and thoughtfully planned residential projects that suit a wide range of budgets and preferences.
In this 2025 guide, we bring you Mumbai's top 10 builders and developers every homebuyer should know. Whether you're a first-time buyer looking for a compact 1BHK in the suburbs, a growing family in need of a spacious 3BHK with amenities, or an investor seeking value appreciation, these developers offer reliable options backed by strong track records. Their projects are spread across South Mumbai, Western suburbs, Thane, Navi Mumbai, and beyond, each designed with modern needs, connectivity, and comfort in mind. This list will help you make an informed and confident homebuying decision in Mumbai's dynamic real estate market.
Lodha Group
Lodha Group, ET
Overview: Established in 1980 by Mangal Prabhat Lodha, the Lodha Group has emerged as one of Mumbai's premier real estate developers. The company has a diverse portfolio encompassing residential, commercial, and retail projects, not only in Mumbai but also in cities like Thane, Hyderabad, Pune, and even international ventures in London.
Notable Projects in Mumbai:
- Lodha Bel Air: Situated in the western suburbs, this project offers luxurious residences with state-of-the-art amenities, reflecting modern design aesthetics.
- Lodha Bellagio: Located in Powai, this development combines luxury living with serene lake views, catering to the elite segment of homebuyers.
- Lodha Bellevue: Nestled in Mahalaxmi, it stands as a testament to opulence, offering panoramic city views and top-notch facilities.
Recent Developments: The Lodha Group continues to expand its footprint with ambitious projects like the Palava City, envisioned as India's first greenfield smart city, integrating residential spaces with commercial and recreational facilities.
Also Read: Construction Linked Payment Plans in India: Everything You Need to Know
Oberoi Realty
Oberoi Realty, LinkedIn
Overview: Founded in 1980, Oberoi Realty has been synonymous with luxury and innovation in Mumbai's real estate sector. With a focus on premium residential, commercial, retail, and hospitality projects, the company has carved a niche for itself among discerning clientele.
Notable Projects in Mumbai:
- Oberoi Enigma: Located in Mulund, this project offers spacious apartments with modern amenities, catering to families seeking luxury in the suburbs.
- Oberoi Eternia: Also in Mulund, Eternia complements Enigma by providing elegant living spaces amidst lush greenery.
- Oberoi Sky City: Situated in Borivali, this integrated township offers residential towers alongside retail and commercial spaces, redefining suburban living.
Recent Developments: Oberoi Realty reported a significant increase in profits in late 2024, attributed to the sustained demand for premium housing and office spaces in Mumbai.
Godrej Properties
Godrej Properties, ET
Overview: As a subsidiary of the illustrious Godrej Group, Godrej Properties was established in 1990 and has since been a trailblazer in sustainable and innovative real estate development. The company's projects span across India, with a significant presence in Mumbai.
Notable Projects in Mumbai:
- Godrej Bliss: Located in Kandivali, this project offers modern residences with a focus on community living and green spaces.
- Godrej Five Gardens: Situated in Matunga, it combines contemporary design with the charm of Mumbai's heritage precincts.
- Godrej Ascend: In Thane, this development offers a blend of luxury and convenience, catering to the evolving needs of urban dwellers.
Recent Developments: Godrej Properties continues to focus on sustainable development, integrating eco-friendly practices in its projects to cater to the environmentally conscious clientele.
Also Read: Why You Should Buy A Home on Gudi Padwa 2025
K Raheja Corp
K Raheja Corp, LinkedIn
Overview: Established in 1956, K Raheja Corp is one of India's leading real estate developers, with interests spanning malls, hotels, and commercial and residential projects across major cities. The company is also known for its retail ventures like Shoppers Stop and Inorbit Mall.
Notable Projects in Mumbai:
- Raheja Imperia: Located in Worli, this luxury residential tower offers panoramic sea views and world-class amenities.
- K Raheja Ascencio: Situated in Chandivali, it provides modern residences amidst landscaped gardens and recreational facilities.
- K Raheja Modern Vivarea: In Mahalaxmi, this project exemplifies luxury living with spacious apartments and top-notch facilities.
Recent Developments: K Raheja Corp has been at the forefront of developing IT parks and commercial spaces, contributing significantly to Mumbai's position as a commercial hub.
L&T Realty
L&T Realty
Overview: As the real estate arm of Larsen & Toubro, L&T Realty was established in 2011 and has rapidly gained prominence in Mumbai's real estate sector. The company focuses on residential, commercial, and retail projects, known for their quality and timely delivery.
Notable Projects in Mumbai:
- L&T 77 Crossroads: Located in Ghatkopar, this residential project offers modern amenities and excellent connectivity.
- L&T Emerald Isle: Situated in Powai, it provides luxurious residences amidst serene surroundings and green landscapes.
- L&T Rejuve 360: In Mulund, this project focuses on wellness and holistic living, offering amenities like yoga decks and meditation zones.
Recent Developments: L&T Realty continues to expand its footprint with mixed-use developments, integrating residential and commercial spaces to cater to the evolving urban lifestyle.
Also Read: Top 5 MAHARERA Checks a Home Buyer Should Know in 2025
Runwal Group
Runwal Group, Mint
Overview: Founded in 1978, the Runwal Group has a rich legacy of over four decades in Mumbai's real estate sector. The company has developed numerous residential and commercial projects, earning a reputation for quality and customer satisfaction.
Notable Projects in Mumbai:
- Runwal 25 Hour Life (Manpada, Thane): A unique wellness-themed residential project offering holistic lifestyle amenities such as open-air gyms, cycling tracks, and meditation zones.
- Runwal Bliss (Kanjurmarg East): A premium township spread across 36 acres, offering spacious apartments with lush greenery, schools, retail, and healthcare within the premises.
- Runwal Gardens (Dombivli East): An integrated township featuring over 180 amenities and infrastructure, perfect for those seeking an affordable yet well-connected lifestyle.
Recent Developments: Runwal Group has diversified into retail with R-City Mall, one of the most prominent shopping destinations in Mumbai. The group continues to focus on expanding in suburban areas with lifestyle-enhancing amenities.
Kalpataru Group
Kalpataru, LinkedIn
Overview: Established in 1969, Kalpataru Group is one of the oldest and most respected names in Mumbai's real estate market. Known for excellence in engineering, thoughtful design, and sustainability, Kalpataru has created award-winning residential and commercial projects.
Notable Projects in Mumbai:
- Kalpataru Elegante (Kandivali West): A high-rise luxury development offering sky lounges, rooftop amenities, and wellness-focused living.
- Kalpataru Magnus (Bandra East): Located in a prime location with spacious 3, 4, and 5 BHK homes, it's designed by international architects.
- Kalpataru Avana (Parel): A symbol of ultra-luxury, this project offers one of the largest 3 & 4 BHK homes in South Mumbai.
Recent Developments: Kalpataru is leading the sustainability movement by focusing on green buildings with IGBC and LEED certifications. The group is also expanding into Pune and Thane with new residential launches.
Shapoorji Pallonji Real Estate
Shapoorji Pallonji, NewsDrum
Overview: Part of the 150-year-old Shapoorji Pallonji Group, their real estate arm has been instrumental in transforming Mumbai's skyline with landmark residential and commercial developments. Their focus on quality, heritage, and innovation makes them stand out.
Notable Projects in Mumbai:
- Shapoorji Pallonji Sarova (Kandivali East): One of Mumbai's largest townships with 55 acres of themed residences, gardens, and lifestyle amenities.
- The Imperial (Tardeo): Once the tallest buildings in India, these twin towers symbolize luxury and architectural prowess.
- Joyville Virar & Chembur: Mid-income housing brands offering affordable luxury with lifestyle amenities.
Recent Developments: The group continues to develop mega-scale township projects across Mumbai suburbs and is known for its robust engineering and project execution
Piramal Realty
Piramal Realty
Overview: A part of the globally diversified Piramal Group, Piramal Realty has quickly emerged as a premium player in Mumbai's luxury residential segment. Established in 2012, the brand focuses on customer-centric design, wellness, and sustainability.
Notable Projects in Mumbai:
- Piramal Mahalaxmi: Iconic skyscrapers located in South Mumbai with unmatched views of Mahalaxmi Racecourse and Arabian Sea.
- Piramal Revanta (Mulund): Designed for the contemporary urban family, with modern interiors, sky lounges, and open spaces.
- Piramal Vaikunth (Thane): Spread over 32 acres, this project offers tranquility with hills in the backdrop and world-class amenities.
Recent Developments: Piramal Realty has partnered with global brands like Foster+Partners and EDSA to offer international-grade living experiences in India.
Hiranandani Group
Hiranandani Group
Overview: Founded by Niranjan Hiranandani, the Hiranandani Group is synonymous with world-class integrated townships and large-scale development in Mumbai and beyond. Their developments have redefined the skyline of Powai and Thane.
Notable Projects in Mumbai:
- Hiranandani Gardens (Powai): A pioneering township with European-style architecture, commercial spaces, schools, and hospitals.
- Hiranandani Estate (Thane): A self-sufficient township with modern infrastructure, retail, IT parks, and residential towers.
- Hiranandani Highland (Kandivali): A blend of luxury, accessibility, and serenity for the suburban elite.
Recent Developments: The group is expanding in Panvel and Chennai with new smart townships, and continues to focus on sustainability and futuristic urban planning.
Homebuyer's Perspective
1. Lodha Group
Lodha is ideal for homebuyers seeking reliability, range, and lifestyle. Whether you're buying your first apartment in Palava or upgrading to a luxury residence in South Mumbai, Lodha offers RERA-compliant projects with modern amenities, excellent resale potential, and integrated communities that cater to families, professionals, and retirees alike.
2. Oberoi Realty
If you're looking for high-quality construction, top-tier amenities, and long-term value, Oberoi Realty delivers premium homes in prime Mumbai locations. Their projects in Goregaon, Mulund, and Borivali are perfect for families who want luxury, security, and excellent school or office connectivity in one place.
3. Godrej Properties
Godrej is a go-to brand for homebuyers who value sustainable living and thoughtful design. Their projects are known for spacious layouts, greenery, and future-ready infrastructure, ideal for those wanting a healthy, eco-conscious lifestyle with strong brand trust and pan-India support.
4. K Raheja Corp
K Raheja Corp is perfect for homebuyers who want access to both quality residential living and commercial infrastructure. With a legacy in real estate and retail, their homes come with smart urban planning, reliable construction, and proximity to schools, malls, and workplaces.
5. L&T Realty
Backed by engineering giant Larsen & Toubro, L&T Realty appeals to buyers looking for technically sound construction, superior planning, and long-term durability. Their homes often come with smart layouts, large open spaces, and excellent connectivity, ideal for young professionals and families alike.
6. Runwal Group
Runwal caters to both mid-income and luxury homebuyers with a focus on township living. Projects like Runwal Gardens offer affordability without compromising on lifestyle, while premium offerings in Thane and Chembur give families a serene yet connected living experience.
7. Kalpataru Group
Kalpataru is a great choice for homebuyers who value aesthetics, premium finishes, and community-centric design. Their residences often include wellness zones, clubhouses, and landscaped gardens, perfect for end-users who want a peaceful yet well-connected home.
8. Shapoorji Pallonji Real Estate
Shapoorji Pallonji stands out for its large-scale, secure, and efficiently managed projects. For homebuyers who want value, legacy, and trust, especially in suburban townships or South Mumbai towers, their homes offer solid investment potential and strong after-sales service.
9. Piramal Realty
For those who want luxurious, wellness-inspired homes with panoramic city or sea views, Piramal Realty is a top-tier choice. With globally designed layouts and meticulous attention to natural light and ventilation, their properties appeal to discerning buyers seeking elegance and well-being.
10. Hiranandani Group
Hiranandani is ideal for homebuyers looking for integrated living, townships with everything from schools and hospitals to supermarkets and IT parks. Their developments in Powai and Thane are perfect for families who want a self-sufficient lifestyle with modern infrastructure and a sense of community.
Comparative Table of Top Builders in Mumbai
|
Developer |
Founded |
Focus Area |
Flagship Projects |
Notable Features |
|
Lodha Group |
1980 |
Luxury & Smart Cities |
Palava, Bel Air, Bellagio |
Smart city development, global presence |
|
Oberoi Realty |
1980 |
Luxury Residential |
Sky City, Eternia, Enigma |
Premium design, sustainable construction |
|
Godrej Properties |
1990 |
Eco-friendly Urban Living |
Bliss, Five Gardens, Ascend |
Environment-first approach, pan-India reach |
|
K Raheja Corp |
1956 |
Commercial & Residential |
Imperia, Ascencio, Vivarea |
Retail (Inorbit), LEED-certified buildings |
|
L&T Realty |
2011 |
Mixed-Use Developments |
Rejuve 360, Emerald Isle, 77 Crossroads |
Engineering-led development |
|
Runwal Group |
1978 |
Integrated Townships |
Bliss, Gardens, 25 Hour Life |
Massive township experience |
|
Kalpataru Group |
1969 |
Luxury Homes |
Elegante, Avana, Magnus |
Heritage and innovation in design |
|
Shapoorji Pallonji |
1865 |
Mega-Scale Projects |
Sarova, The Imperial, Joyville |
Engineering legacy, township development |
|
Piramal Realty |
2012 |
Wellness-Centric Homes |
Mahalaxmi, Vaikunth, Revanta |
Collaboration with global firms |
|
Hiranandani Group |
1978 |
Integrated Townships |
Powai, Thane, Highland |
Self-contained townships, visionary planning |
Conclusion
Mumbai's real estate ecosystem thrives due to the vision and execution of these top builders and developers. From iconic high-rises and smart cities to integrated townships and green buildings, these companies have redefined how Mumbaikars live, work, and invest. Whether you are a first-time homebuyer or a seasoned investor, understanding the strengths of each of these developers can help you make informed decisions in 2025 and beyond.
FREQUENTLY ASKED QUESTIONS
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