| Manjeera Constructions Ltd | ₹4503.0 L cr | Unlock | | |
| Poddar Housing & Development Ltd | ₹3576.0 L cr | Unlock | levering up | |
| DLF Ltd | ₹1.6 L cr | Unlock | net cash | |
| Lodha Developers Ltd | ₹1.3 L cr | Unlock | deleveraging | |
| Phoenix Mills Ltd | ₹72,642 cr | Unlock | capex coming onlinedeleveraging | |
| Prestige Estates Projects Ltd | ₹72,473 cr | Unlock | levering up | |
| Oberoi Realty Ltd | ₹66,612 cr | Unlock | latent operating leveragecapex coming online | |
| Godrej Properties Ltd | ₹64,553 cr | Unlock | latent operating leveragelevering up | |
| Anant Raj Ltd | ₹21,951 cr | Unlock | | |
| Brigade Enterprises Ltd | ₹18,259 cr | Unlock | capex coming onlinedeleveraging | |
| Sobha Ltd | ₹14,369 cr | Unlock | | |
| SignatureGlobal India Ltd | ₹11,256 cr | Unlock | deleveraging | |
| Sri Lotus Developers & Realty Ltd | ₹9,198 cr | Unlock | | |
| Embassy Developments Ltd | ₹8,590 cr | Unlock | latent operating leverage | |
| Mahindra Lifespace Developers Ltd | ₹8,143 cr | Unlock | capex coming online | |
| Ganesh Housing Ltd | ₹6,554 cr | Unlock | latent operating leveragecapex coming onlinecapex ahead of revenuecyclical peak base | |
| Max Estates Ltd | ₹6,407 cr | Unlock | levering up | |
| Kalpataru Ltd | ₹5,560 cr | Unlock | | |
| Keystone Realtors Ltd | ₹5,156 cr | Unlock | | |
| Puravankara Ltd | ₹5,087 cr | Unlock | latent operating leveragelevering up | |
| Sunteck Realty Ltd | ₹4,511 cr | Unlock | latent operating leverage | |
| Raymond Realty Ltd | ₹4,387 cr | Unlock | roce compounder | |
| Ashiana Housing Ltd | ₹3,905 cr | Unlock | | |
| TARC Ltd | ₹3,838 cr | Unlock | levering upcyclical peak base | |
| AGI Infra Ltd | ₹3,836 cr | Unlock | roce compounder | |
| Raymond Ltd | ₹3,831 cr | Unlock | latent operating leveragedeleveraging | |
| Kesar India Ltd | ₹3,802 cr | Unlock | | |
| Kolte Patil Developers Ltd | ₹3,508 cr | Unlock | latent operating leveragelevering up | |
| Elpro International Ltd | ₹3,006 cr | Unlock | | |
| Arvind SmartSpaces Ltd | ₹2,733 cr | Unlock | capex coming onlinelevering up | |
| Hubtown Ltd | ₹2,706 cr | Unlock | deleveraging | |
| Marathon Nextgen Realty Ltd | ₹2,574 cr | Unlock | net cashcyclical peak base | |
| Ajmera Realty & Infra India Ltd | ₹2,523 cr | Unlock | deleveraging | |
| Arkade Developers Ltd | ₹2,459 cr | Unlock | | |
| Alembic Ltd | ₹2,294 cr | Unlock | net cash | |
| Omaxe Ltd | ₹1,578 cr | Unlock | | |
| Meghna Infracon Infrastructure Ltd | ₹1,570 cr | Unlock | roce compounderlevering up | |
| Shriram Properties Ltd | ₹1,494 cr | Unlock | deleveraging | |
| Avishkar Infra Realty Ltd | ₹1,296 cr | Unlock | | |
| Arihant Superstructures Ltd | ₹1,121 cr | Unlock | latent operating leveragelevering up | |
| Unitech Ltd | ₹1,101 cr | Unlock | capex coming online | |
| Arihant Foundations & Housing Ltd | ₹1,093 cr | Unlock | deleveraging | |
| Suraj Estate Developers Ltd | ₹927 cr | Unlock | deleveraging | |
| B-right Realestate Ltd | ₹899 cr | Unlock | levering up | |
| Modis Navnirman Ltd | ₹768 cr | Unlock | net cash | |
| Eldeco Housing & Industries Ltd | ₹757 cr | Unlock | | |
| Vascon Engineers Ltd | ₹740 cr | Unlock | cyclical peak base | |
| GeeCee Ventures Ltd | ₹726 cr | Unlock | | |
| PVP Ventures Ltd | ₹715 cr | Unlock | latent operating leveragedeleveragingcyclical peak base | |
| Consolidated Construction Consortium Ltd | ₹697 cr | Unlock | net cash | |
| Prozone Realty Ltd | ₹664 cr | Unlock | levering up | |
| Hazoor Multi Projects Ltd | ₹655 cr | Unlock | capex coming onlinelevering up | |
| Shraddha Prime Projects Ltd | ₹634 cr | Unlock | deleveraging | |
| National Standard (India) Ltd | ₹583 cr | Unlock | capital destroyer | |
| Peninsula Land Ltd | ₹544 cr | Unlock | latent operating leverage | |
| Nila Spaces Ltd | ₹468 cr | Unlock | capex coming online | |
| Rdb Real Estate Constructions Ltd | ₹449 cr | Unlock | | |
| Nimbus Projects Ltd | ₹435 cr | Unlock | | |
| Suratwwala Business Group Ltd | ₹418 cr | Unlock | latent operating leveragedeleveraging | |
| Emami Realty Ltd | ₹406 cr | Unlock | capital destroyer | |
| Atal Realtech Ltd | ₹388 cr | Unlock | | |
| Rdb Infrastructure & Power Ltd | ₹379 cr | Unlock | | |
| Baroda Rayon Corpn Ltd | ₹299 cr | Unlock | latent operating leveragedeleveraging | |
| Nila Infrastructures Ltd | ₹295 cr | Unlock | | |
| Ravinder Heights Ltd | ₹277 cr | Unlock | net cash | |
| Ratnabhumi Developers Ltd | ₹251 cr | Unlock | levering up | |
| Hampton Sky Realty Ltd | ₹241 cr | Unlock | latent operating leverage | |
| Veer Global Infraconstruction Ltd | ₹230 cr | Unlock | latent operating leveragenet cash | |
| Alpine Housing Development Corporat | ₹229 cr | Unlock | | |
| S V Global Mill Ltd | ₹226 cr | Unlock | latent operating leveragecapital destroyer | |
| Generic Engineering Construction & Projects Ltd | ₹222 cr | Unlock | | |
| Samor Reality Ltd | ₹214 cr | Unlock | | |
| Coromandel Engineering Company Ltd | ₹191 cr | Unlock | latent operating leveragedeleveraging | |
| Rainbow Foundations Ltd | ₹186 cr | Unlock | roce compounder | |
| Lancor Holdings Ltd | ₹180 cr | Unlock | deleveraging | |
| Vipul Ltd | ₹173 cr | Unlock | | |
| Supreme Holdings & Hospitality (India) Ltd | ₹170 cr | Unlock | latent operating leveragenet cashcapital destroyer | |
| HB Estate Developers Ltd | ₹168 cr | Unlock | deleveraging | |
| Manas Properties Ltd | ₹162 cr | Unlock | net cash | |
| Amj Land Holdings Ltd | ₹157 cr | Unlock | | |
| Prajay Engineers Syndicate Ltd | ₹146 cr | Unlock | capex coming onlinecapital destroyer | |
| Thakkers Developers Ltd | ₹142 cr | Unlock | capital destroyer | |
| Raja Bahadur International Ltd | ₹133 cr | Unlock | capex coming onlinelevering up | |
| Shri Krishna Devcon Ltd | ₹112 cr | Unlock | deleveraging | |
| Virya Resources Ltd | ₹110 cr | Unlock | | |
| Shantidoot Infra Services Ltd | ₹106 cr | Unlock | net cash | |
| DHARAN INFRA-EPC Ltd | ₹99 cr | Unlock | latent operating leveragenet cash | |
| Prerna Infrabuild Ltd | ₹97 cr | Unlock | latent operating leveragecyclical peak base | |
| Garnet Construction Ltd | ₹95 cr | Unlock | net cash | |
| Parsvnath Developers Ltd | ₹82 cr | Unlock | latent operating leveragecapex coming onlinecapex ahead of revenue | |
| Mega Nirman & Industries Ltd | ₹81 cr | Unlock | latent operating leveragecapex coming onlinenet cash | |
| Radhe Developers (India) Ltd | ₹81 cr | Unlock | cyclical peak base | |
| Housing Development & Infrastructure Ltd | ₹79 cr | Unlock | latent operating leverage | |
| Shervani Industrial Syndicate Ltd | ₹74 cr | Unlock | capex coming onlinecapex ahead of revenue | |
| Grovy India Ltd | ₹72 cr | Unlock | levering up | |
| Bhudevi Infra Projects Ltd | ₹67 cr | Unlock | levering up | |
| Shristi Infrastructure Development Corporation Ltd | ₹63 cr | Unlock | | |
| Skyline Millars Ltd | ₹60 cr | Unlock | capital destroyer | |
| Vivid Mercantile Ltd | ₹60 cr | Unlock | net cash | |
| Trescon Ltd | ₹57 cr | Unlock | | |