Mumbai, the financial capital of India, is a bustling metropolis with a dynamic real estate market. As the city continues to expand with rapid urbanisation and infrastructural advancements, it remains a prime destination for homebuyers seeking premium residential and commercial properties.

The top builders in Mumbai have played a crucial role in shaping the city's skyline with iconic and innovative developments. Their projects focus on luxury, sustainability, and modern design, catering to the evolving needs of urban dwellers.

Renowned developers such as Lodha Group, Godrej Properties, Oberoi Realty, Hiranandani Developers, and Wadhwa Group have established themselves as industry leaders, consistently setting benchmarks in quality and excellence.

In this article, we’ll discover popular builders in Mumbai known for their landmark projects and contributions to the city’s real estate landscape.

List of Top 10 Best Builders in Mumbai

1. Lodha Group

Since its inception in 1980, Lodha Group has consistently been among the top builders in Mumbai. With an emphasis on innovation and quality, they have redefined luxury living through several iconic projects such as:

• The Lodha Palava Township, Dombivali
• Lodha Bel Air, Jogeshwari West
• Lodha Codename Secret 9, Thane West

2. Indiabulls Infraestate

With over 18 years of experience, Indiabulls Infraestate offers a diverse range of real estate services, including property development, ownership, and leasing. Their portfolio comprises residential complexes, non-residential buildings, and land development.

Their iconic projects include:

• Indiabulls Daffodils Tower, Panvel
• Indiabulls Greens, Panvel
• Indiabulls Golf City, Khopoli

3. Kalpataru Group

Kalpataru Group is among the most famous builders in Mumbai. With over 53 years of expertise, they are dedicated to developing residential and commercial spaces that offer maximum value to customers.

Their iconic projects include:

• Kalpataru Bliss Apartments, Kalina, Santacruz
• Kalpataru Solitaire, Juhu
• Kalpataru Radiance, Goregaon West

4. Godrej Properties

Featuring a diverse portfolio that includes both affordable and luxury housing, Godrej Properties rightfully earns a place in any list of the top 10 builders in Mumbai. The company is known for its high-quality construction, sustainability focus, and customer-centric approach.

Their iconic projects include:

• Godrej Nest, Kandivali
• Godrej Bliss Kandivali
• Godrej Horizon, Dadar-Wadala

5. Wadhwa Group

With a legacy spanning over five decades, the Wadhwa Group has delivered 250+ landmark projects across approximately 4.1 million sq.m. Their quest for excellence has made them a preferred choice for 35K+ satisfied customers.

Their iconic projects include:

• Wadhwa TW Gardens, Kandivali East
• Wadhwa Imperial Heights, Goregaon East
• Wadhwa The Capital, Bandra East

6. L&T Realty

Established in 2011, L&T Realty is the real estate arm of the Larsen & Toubro conglomerate. Headquartered in Mumbai, this real estate development company has a significant presence in Mumbai, Navi Mumbai, Bengaluru, Faridabad, Hyderabad, and Chennai. With an impressive array of residential, corporate, and real estate projects, L&T Realty is one of the most reputed builders in Mumbai.

Their iconic projects include:

• L&T Emerald Isle, Powai
• L&T Veridian, Powai
• L&T Centrona, Ghatkopar East

7. Oberoi Realty

Oberoi Realty is one of the top developers in Mumbai, offering a diverse portfolio of residential, commercial, and hospitality projects. The company is known for its premium developments that cater to various budgets and lifestyle preferences.

Their iconic projects include:

• Oberoi Esquire, Goregaon East
• Oberoi Garden City, Goregaon East
• Oberoi Three Sixty West, Worli

8. Hiranandani Developers:

The Hiranandani Group specialises in luxury townships featuring condominiums, penthouses, and commercial spaces. They also develop townships for startups, investment banks, venture capital firms, and BPOs.

Their iconic projects include:

• Hiranandani Highland, Powai
• Hiranandani Business Park, Powai
• One Hiranandani Park, Thane West

9. Mahindra Lifespaces Developers

Mahindra Lifespaces, with its focus on providing wholesome living through thoughtful designs including technology and environment-friendly features, are among the top builders and developers in Mumbai.

Their iconic projects include:

• Mahindra Vista, Kandivali East
• Mahindra Codename GreenLife, Kalyan
• Mahindra Alcove, Chandivali

10. Runwal Realty

Concluding our list of the top builders in Mumbai, Runwal Realty has been a key player in the city's real estate market since 1978. They have a stellar portfolio of 50+ projects across commercial, residential, and retail spaces.

Their iconic projects include:

• Runwal Pearl, Parel
• Runwal Elegante, Andheri
• Runwal Nagar, Thane

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Factors to Consider While Choosing a Builder

Choosing the right real estate builder is crucial for securing your dream home without unnecessary complications. Here are five key factors to consider:

• Reputation and Track Record: Research the builder’s history by assessing completed projects, customer reviews, and any records of legal disputes or project delays.
• Financial Stability: A financially stable builder is less likely to face project delays or abandon it altogether. Assess their financial reports and market standing to ensure they have the stability to complete projects on time and deliver as promised.
• Project Quality and Amenities: Evaluate the quality of materials used, construction standards, and available amenities. Visiting completed projects can give you a firsthand look at their workmanship, long-term durability, and maintenance quality.
• Legal Compliance and Transparency: Ensure the builder has all necessary approvals, adheres to legal regulations, and follows RERA (Real Estate Regulatory Authority) guidelines if applicable.
• Customer Service: A builder with strong customer service will address your concerns promptly and efficiently. Look for online reviews and testimonials regarding their responsiveness, post-sales support, and issue resolution.

Real Estate Market Trends in Mumbai

Here are the top trends impacting the real estate sector in Mumbai in 2025:

• Affordability & Increased Supply: A surge in new residential and commercial projects is expected to increase supply, potentially leading to more affordable prices for homebuyers.
• Rising Demand: Improved affordability is expected to boost demand for new properties, benefiting builders and buyers.
• Mixed-Use Developments: Integrating retail and office spaces within residential buildings is gaining popularity, creating convenient and self-sufficient communities.
• Sustainability & Flexibility: There is a growing emphasis on eco-friendly construction and sustainable living solutions. Additionally, homebuyers are increasingly seeking flexible layouts and modern amenities to accommodate evolving lifestyle needs.

Challenges Faced by Builders and Developers

Some of the issues real estate developers in Mumbai face that affect project execution and completion include:

• Land Scarcity: Rapid urbanisation and high population density have led to limited land availability, making it increasingly difficult to secure suitable development sites.
• Financing Difficulties: Unpredictable fluctuations in raw material costs and funding availability affect budgeting, profitability, and timely project completion.
• Regulatory Hurdles: Complex approval or compliance processes and evolving government policies can cause significant project delays.
• Market Volatility: Unstable property prices and shifting buyer demand make long-term project planning and pricing uncertain.

Additional Considerations for Choosing a Builder in Mumbai

Here are some additional factors to consider when exploring the top builders in Mumbai:

• Experience with Redevelopment: Due to Mumbai’s space constraints, redevelopment projects are common. Opt for a builder with a strong track record in successfully executing such projects.
• Adaptability: Look for builders who understand changing buyer expectations, such as the demand for mixed-use spaces and flexible amenities.
• Commitment to Sustainability: As Mumbai pushes for eco-friendly development, choose builders who prioritise sustainable practices and incorporate green building technologies.

Other  Reputable Developers in Mumbai

Here are some more popular builders in Mumbai aspiring homebuyers can consider:

• Shapoorji Pallonji
• Adani Realty
• Chandak Group
• Piramal Realty
• JP Infra
• Rustomjee
• Nahar Group
• Prestige Group
• EKTA World
• Ruparel Realty

Conclusion

Mumbai’s real estate sector is booming with diverse opportunities driven by market changes and rising buyer expectations. The top developers and builders in the city are continuously developing innovative and sustainable housing projects catering to diverse customer needs.

To support your homebuying journey, SMFG Grihashakti offers home loans of up to INR 1 crore* with interest rates starting from 10%* per annum. Check out the documentation requirements and apply online today!