Hubtown Limited is an India-based real estate development company engaged in the real estate business of construction and development of residential and commercial premises, build operate transfer (BOT) projects. Hubtown Limited, formerly known as Akruti City Limited, is one of India's leading construction and real estate development companies. It is specialized in building, operating, and transferring (BOT) residential and commercial premises, shopping malls, IT parks, and Biotech parks.
The company has established itself as a significant player in the Indian real estate sector since its inception. Akruti Nirman Pvt Ltd was incorporated in 1989 which later became Akruti City Ltd in 2002. The company was formerly known as Ackruti City Limited and changed its name to Hubtown Limited in November 2011. Hubtown Limited was incorporated in 1989 and is based in Mumbai, India.
Company executes and develops commercial and residential real estate projects on its own and through subsidiaries / joint ventures / associate companies. Company is present in cities viz. Mumbai, Thane, Pune, Ahmedabad, Surat, Vadodara, and Mehsana. This strategic geographic diversification allows Hubtown to capitalize on growth opportunities across multiple real estate markets in western India.
Its portfolio spans across high-end residential developments, built-to-suit office spaces, and information technology (IT) parks. The company's diversified portfolio approach helps mitigate risks associated with dependence on any single real estate segment.
The Company's residential projects include Hubtown Premiere Residencies, Hubtown Seasons, Hubtown Vedant, Hubtown Rising City, Hubtown Harmony, Hubtown Celeste, Hubtown Sunstone, Hubtown Hillcrest, Hubtown Akruti Erica, Hubtown Countrywoods, Hubtown Gardenia, Hubtown Palmrose, and Hubtown Sunmist.
Its commercial projects include Akruti Trade Center, Hubtown Solaris, Hubtown Rhythm, Hubtown Northstar, Hubtown Joyos, Ackruti Centre Point, Akruti Business Port, Hubtown Viva, Hubtown Skybay, Hubtown Geeta Mandir, DLF Ackruti Info Parks, Akruti Softech Park, and Akruti Softech Park.
As of July 2025, Today's market capitalization of Hubtown is ₹3,714.10 Crore. The company has demonstrated significant market presence with Hubtown's 52-week high is ₹344.3 and 52-week low is ₹160.79.
For Q4 FY25 (March 2025), Hubtown Ltd's revenue fell -25.97% since last year same period to ₹140.76 Crore. However, the company showed improved profitability with Hubtown Ltd's net profit jumped 103.98% since last year same period to ₹3.53 Crore.
On an annual basis, Hubtown has a Market Cap of ₹4,080 Crore (up 76.2% in 1 year), a Revenue of ₹408 Crore, and a Profit of ₹45.9 Crore, demonstrating the company's overall financial trajectory over the past year.
- Hubtown has an operating revenue of ₹408.47 Crore on a trailing 12-month basis.
- An annual revenue growth of 45% is outstanding, Pre-tax margin of 24% is great, ROE of 1% is fair but needs improvement.
- Company has a low return on equity of 1.11% over last 3 years.
The chairman of the company is Hemant M Shah, and the managing director is Vyomesh M Shah. The leadership team has been instrumental in guiding the company through various phases of growth and development in the competitive real estate market.
Promoter holding is low: 32.1% with The promoters of Hubtown Ltd have pledged 8.61% of the total equity as on March 2025. This shareholding pattern reflects the company's broader ownership structure and public participation.
One of the most significant recent developments for Hubtown is its strategic merger initiative. Hubtown approves merger with 25 West Realty; issues 42 shares per 1 share; consolidates prime real estate asset. This merger is particularly noteworthy as Hubtown to merge 25 West Realty with ₹6,000 Crore Bandra West redevelopment project.
This strategic consolidation is expected to strengthen Hubtown's position in the premium real estate segment, particularly in Mumbai's sought-after Bandra West area. The merger represents a significant value addition to the company's portfolio and demonstrates its commitment to expanding its presence in high-value real estate markets.
Company has reduced debt, which is a positive indicator for financial stability. However, investors should note that Company has a low interest coverage ratio and Contingent liabilities of ₹1,835 Crore.
The company's operational efficiency shows some areas for improvement, with Company has high debtors of 271 days. This indicates that the company takes a considerable amount of time to collect receivables from customers, which is typical in the real estate sector but worth monitoring.
The company earned a number of awards including the Universal Award 2007 for the Best Equipped and Mechanized Site and two accolades at the Artists in Concrete Awards. These recognitions reflect the company's commitment to quality construction and innovative project management practices.
Hubtown announced that it has obtained Transferable Development Rights (TDR) of 11,000 square meters from the Maharashtra Industrial Development Corporation (MIDC) and MCGM (Municipal Corporation of Greater Mumbai) as part consideration of its ongoing slum rehabilitation project in Andheri (E), Mumbai.
This development rights acquisition demonstrates Hubtown's active engagement in urban development projects and its ability to secure valuable development rights in Mumbai's competitive real estate market.
Hubtown Limited continues to position itself as a key player in India's real estate development sector, with a strong focus on residential and commercial projects across multiple cities. The company's strategic initiatives, including the significant merger with 25 West Realty and ongoing project developments, indicate its commitment to growth and market expansion in the evolving Indian real estate landscape.
