Oberoi Realty's market cap now stands at Rs 7,372.12 crore, higher than Unitech's Rs 7,149.92 crore.
While DLF has retained its position as the India's most valued company with a market cap of Rs 39,444 crore, Unitech has lost its long-held 2nd position to Oberoi Realty.
DLF, Oberoi Realty and Unitech are followed by Godrej Properties (Rs 4,727 crore) and HDIL (Rs 4,158 crore) in terms of market capitalisation.
Ever since its listing in July 2007, DLF has been the India's largest real estate company in terms of market capitalisation, while Unitech has been the 2nd largest.
After raising Rs 1,028 crore through initial public offer (IPO), Oberoi Realty got listed on on Bombay Stock Exchange (BSE) at Rs 280. Its shares are at present trading at a price of Rs 224.60.
Unitech shares have fallen by about 70% in last one year, while the Oberoi Realty has lost nearly 20%.The share price of market leader DLF has also fallen by about 40% in past one year.
In terms of annual income, Unitech is ranked higher than Oberoi Realty. Financial year ended March 31, 2011, Unitech clocked a turnover of over Rs 3,000 crore, as against about Rs 1,000 crore of Oberoi Realty. DLF posted revenues of more than Rs 9,000 crore.
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