Regional Real Estate Stocks and Companies in India

The largest Regional Real Estate stocks in India by market value are Oberoi Realty (₹62,209 crore), Max Estates (₹8,404 crore) and Raymond Realty (₹3,739 crore), at prices of 4 Nov 2026.

• Oberoi Realty: ₹1,710.90 | market value ₹62,209 crore | P/E 23.5
• Max Estates: ₹513.75 | market value ₹8,404 crore | P/E 1431.2
• Raymond Realty: ₹561.70 | market value ₹3,739 crore | P/E 12.7
• TARC: ₹112.96 | market value ₹3,333 crore
• Marathon Nextgen Realty: ₹396.25 | market value ₹2,672 crore | P/E 15.5
• Arkade Developers: ₹108.20 | market value ₹2,009 crore | P/E 12.8
• India Homes: ₹25.92 | market value ₹1,031 crore | P/E 59.6
• Arihant Superstructures: ₹209.61 | market value ₹906 crore | P/E 22.7

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 8 listed Indian Realty - Regional companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Realty - Regional index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Oberoi Realty Ltd₹59,900 cr
2. Max Estates Ltd₹8,300 cr
3. Raymond Realty Ltd₹3,390 cr
4. TARC Ltd₹3,240 cr
5. Marathon Nextgen Realty Ltd₹2,520 cr
6. Arkade Developers Ltd₹1,990 cr
7. India Homes Ltd₹1,030 cr
8. Arihant Superstructures Ltd₹893 cr

8 Regional Real Estate companies in the Realty - Regional industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 8 are listed below, largest first. The largest is Oberoi Realty (₹59,867 crore) and the smallest with a market value is Arihant Superstructures.

Download all 8 Regional Real Estate companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 2% behind NIFTY 500. Earnings across its companies fell 20% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 12 weeks running.

1 of 8 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 12 weeks running; 2 of the 8 companies in the industry index above their 200-day average (2 fewer than four weeks earlier); 1 of those 8 pass the momentum test (2 fewer than four weeks earlier); earnings rising at 3 of the 8 that report earnings.

Participation is shrinking, 3 → 1 of 8 over four weeks, after being ahead of NIFTY 500. Earnings mixed, 3 of 8 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 8 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Realty - Regional has done worse than the NIFTY 500 by 3.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 0.9%. India Homes Ltd is the strongest against the sector itself at +37.7%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 18.3 as of 30 October 2026 (consolidation, falling).

Realty - Regional has done worse than the NIFTY 500 by 3.3% over 52 weeks, but is 0.9% ahead over the last 13 weeks. 1 of 8 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 1 of the 3 with a long enough price history is ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Raymond Realty Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 68% evidence confidence.

Marathon Nextgen Realty Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

India Homes Ltd has the strongest one-year price move in Realty - Regional at +105.9%. It also leads on relative strength against the NIFTY, at +41.6%. 3 of 8 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Realty - Regional itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

3 of 9 Realty - Regional companies held a results call for July to September 2026. Arkade Developers guided: Two-project near-term launch slate with combined GDV ₹2,850 crore in October to December 2026.

From the results calls for July to September 2026.

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹1,509 crore in the last 12 months, 70% less than a year before.
• Projects still being built grew 11% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 8 Realty - Regional companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Realty - Regional figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 19 Apr 2026, so the words are older than the numbers. 2 themes are live here.

The sector is in a position of strength, supported by a shift toward high-margin rental income and a robust pipeline of luxury launches.

The regional real estate sector, exemplified by OBEROIRLTY, is navigating a transition where luxury residential demand remains high-velocity despite price increases. While project-based revenue recognition led to a sequential decline in total revenue (₹1,492.64 Cr, down 16.1% QoQ), the underlying demand for premium assets is evidenced by the 5.8% YoY growth.

How old this read is: OLD: this read comes from our Realty - Regional sector brief dated 19 Apr 2026, about 7 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Sources: our Realty - Regional sector brief, 19 Apr 2026 · company earnings-call transcripts.

Oberoi Realty Ltd has the highest Revenue among the 8 Realty - Regional companies compared here, at ₹6,215 crore. Raymond Realty Ltd is next at ₹3,191 crore. India Homes Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Oberoi Realty Ltd is the largest at ₹6,215 crore, 94.8% ahead of Raymond Realty Ltd. India Homes Ltd's growth is capped at 100% on the scoring scale from a ₹24 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Oberoi Realty Ltd is the size to compare against; India Homes Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Oberoi Realty Ltd's growth falls below India Homes Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Oberoi Realty Ltd has the highest OPM among the 8 Realty - Regional companies compared here, at 61%. Marathon Nextgen Realty Ltd is next at 35%. India Homes Ltd has the highest Margin change at +11094.8 percentage points, so level and change sit with different companies. 7 of 8 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Oberoi Realty Ltd leads opm at 61%; India Homes Ltd leads margin change at +11094.8 percentage points.

What this means: Oberoi Realty Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Oberoi Realty Ltd has the highest Net profit among the 8 Realty - Regional companies compared here, at ₹2,632 crore. Raymond Realty Ltd is next at ₹294 crore. Raymond Realty Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Oberoi Realty Ltd earns the most, ₹2,632 crore of profit over the last 12 months, 795.2% above Raymond Realty Ltd. Raymond Realty Ltd shows at least 100% on the scoring scale (263% in full) growth from a profit base of ₹294 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Oberoi Realty Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Raymond Realty Ltd has the highest ROCE among the 8 Realty - Regional companies compared here, at 29.6%. Arkade Developers Ltd is next at 18.9%. India Homes Ltd has the highest ROCE change at +27 percentage points, so level and change sit with different companies. 8 of 8 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Raymond Realty Ltd leads ROCE at 29.6%, 10.7 percentage points above Arkade Developers Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Raymond Realty Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

Withheld from this chart: Max Estates Ltd (MAXESTATES): its two data sources disagree by up to 220% on reported income across 15 comparable periods, so its derived ratios are withheld; Arihant Superstructures Ltd (ARIHANTSUP): its two data sources disagree by up to 146% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Marathon Nextgen Realty Ltd has the lowest PEG among the 8 Realty - Regional companies compared here, at 0.73×. Oberoi Realty Ltd is next at 2.58×. Raymond Realty Ltd has the lowest P/E at 11.5×, so level and change sit with different companies. 2 of 8 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Marathon Nextgen Realty Ltd has the lowest comparable PEG at 0.73×, 71.7% below Oberoi Realty Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Realty - Regional companies show up on 6 of our India lists. The most are on the real estate, reit & cement list (8 companies).

This Realty - Regional comparison names 6 specific ways its own evidence can mislead, all listed below. All 8 companies here report on comparable dates, so no rank carries a stale marker. 2 have second-source figures left out because the two sources disagree. 1 of the 5 ranked sections has fewer than three usable current readings.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 2 companies are missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Valuation have fewer than three usable current readings.

This comparison is built from the reported filings of 8 Realty - Regional companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

2 of 8 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Max Estates Ltd (MAXESTATES): its two data sources disagree by up to 220% on reported income across 15 comparable periods, so its derived ratios are withheld; Arihant Superstructures Ltd (ARIHANTSUP): its two data sources disagree by up to 146% on reported income across 15 comparable periods, so its derived ratios are withheld.

These 24 answers restate the Realty - Regional comparison above in question form. Every one is computed from the same 8 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.