In India, the real estate sector stands as the second-largest employer, right after agriculture. It’s not just a job generator, it’s a growth engine. The industry is expected to grow at a 9.2 percent CAGR between 2023 and 2028, backed by robust urbanisation and policy support.
The Union Budget 2025–26 has added fuel to this growth: homeowners now enjoy zero tax on two self-occupied properties (earlier limited to one), and the TDS threshold on rent has been raised from Rs. 2.4 lakh to Rs. 6 lakh — steps that are likely to boost property demand across segments.
Looking ahead, India’s real estate market is projected to grow from $200 billion in 2021 to $1 trillion by 2030, contributing nearly 13 percent to GDP by 2025. Some long-term estimates even suggest the market could reach $5–7 trillion by 2047, with the potential to cross $10 trillion, making it one of the largest real estate ecosystems globally.
While real estate developers often grab headlines, it’s the ancillary companies — the ones that provide the pipes, wires, cement, tiles, and fittings — that are increasingly gaining investor attention.
Why? Because they’re less capital-intensive, often have stronger balance sheets, and benefit every time a new home is built or renovated. These businesses serve as the backbone of the sector, supplying everything from cables and plumbing systems to blocks, cement, paints, and tiles.
Here are some stocks from key sectors that are considered strong plays in the real estate ancillary space:
Sector I – Cables & electricals
Havells India Limited
With a market cap of Rs. 95,737 crores, the stock was trading flat at Rs. 1,526.4 on Monday. Havells India Limited is consumer electrical/electronics and power distribution equipment manufacturer with products ranging from industrial and domestic circuit protection switchgears, cables, motors, pumps, solar products, power capacitors, commercial and industrial applications, modular switches, domestic appliances and more, covering the entire range of household, commercial and industrial electrical needs.
The company’s manufacturing facilities are located in Rajasthan, Uttarakhand, Uttar Pradesh, Himachal Pradesh, Haryana, Andhra Pradesh, and Karnataka, while the research and development facilities are located at Noida (Uttar Pradesh), Bangalore and Ghiloth (Rajasthan).
Polycab Limited
With a market cap of Rs. 1.02 lakh crores, the stock was trading in the green at Rs. 6,804.4 on BSE, up by around 1.4 percent on Monday. Polycab India Limited is India’s largest integrated manufacturer of wires and cables and a prominent player in the Fast-Moving Electrical Goods (FMEG) industry. It serves industries including infrastructure, real estate, chemicals, data centres, defence, energy, manufacturing, metals, oil and gas, technology, telecom and transport.
KEI Industries Limited
With a market cap of Rs. 35,604 crores, the stock was trading in the green at Rs. 3,726.15 on BSE, up by around 3.2 percent on Monday. KEI Industries Limited has three major segments: Cables & Wires, EPC Projects and Stainless Steel Wire. It is engaged in the manufacturing, sale and marketing of all range of power cables to address the cabling requirements of a wide range of sectors such as power, oil refineries, railways, automobiles, cement, steel, fertilisers, textiles and real estate, amongst others.
KEI is also engaged in the execution of Engineering, Procurement and Construction projects (EPC) for survey, supply of materials, design, erection, testing & commissioning on a turnkey basis.
Sector II – Cement
UltraTech Cement Limited
With a market cap of Rs. 3.7 lakh crores, the stock was trading in the green at Rs. 12,567 on BSE, up by around 1 percent on Monday. UltraTech Cement Limited, one of the largest white cement manufacturers in India, is engaged in the manufacture and sale of Cement and cement-related products. It is the cement flagship company of the Aditya Birla Group, and the largest cement manufacturer in the world by capacity (excluding China).
For FY26, the company has outlined a capex plan of nearly Rs. 10,000 crore. Of this, around Rs. 7,000 crore is earmarked for ongoing expansion and strategic investments. The company expects its domestic cement capacity to increase from 184 MT to nearly 212 MT, including India Cements and Kesoram.
Ambuja Cement Limited
With a market cap of Rs. 1.45 lakh crores, the stock was trading in the green at Rs. 590 on BSE, up by around 1 percent on Monday. Ambuja Cements Limited, a part of the Adani Group, is primarily engaged in the manufacturing and marketing of cement and cement-related products. It offers a wide range of cement portfolio and related products within the building material ecosystem.
For FY26, the company has provided a capex guidance of around Rs. 9,000 crore, which includes about Rs. 6,000 crore dedicated to growth initiatives and another Rs. 2,500–3,000 crore aimed at improving operational efficiency.
Sector III – Construction & Infrastructure
Godrej Properties Limited
With a market cap of Rs. 66,598 crores, the stock was trading in the green at Rs. 2,211.05 on BSE, up by around 0.3 percent on Monday. Godrej Properties Limited is engaged primarily in the business of real estate construction, development and other related activities.
Brigade Enterprises Limited
With a market cap of Rs. 26,437 crores, the stock was trading in the green at Rs. 1,081.6 on BSE, up by around 2 percent on Monday. Brigade Enterprises Limited, one of India’s leading property developers, is involved in the business of real estate development, leasing and related services.
Sector IV – Materials
Astral Limited
With a market cap of Rs. 39,519 crores, the stock was trading flat at Rs. 1,471.1 on Monday. Astral Limited manufactures plumbing systems, drainage systems, agricultural, industrial, electrical conduit pipes, water tanks and faucets with all kinds of necessary fittings. Its adhesive business is engaged in manufacturing various types of adhesives and sealants with production facilities at Santej & Dahej (Gujarat), Unnao and Rania (Uttar Pradesh).
Supreme Industries Limited
With a market cap of Rs. 51,738 crores, the stock was trading in the red at Rs. 4,072.35 on BSE, down by around 1 percent on Monday. Supreme Industries Limited, India’s leading Plastics product manufacturing company, operates in various product categories including plastic piping systems, cross-laminated films & products, protective packaging products, industrial moulded components, moulded furniture, storage & material handling products, performance packaging films and composite LPG cylinders.
BIGBLOC Construction Limited
With a market cap of Rs. 889 crores, the stock was trading in the red at Rs. 62.82 on BSE, down by around 0.6 percent on Monday. BigBloc Construction Limited is primarily engaged in the manufacturing, sale and marketing of AAC (Aerated Autoclaved Concrete) blocks. It is one of India’s largest manufacturers of AAC blocks.
Sector V – Paints & Coatings
Asian Paints Limited
With a market cap of Rs. 2.32 lakh crores, the stock was trading in the red at Rs. 2,424 on BSE, down by around 1 percent on Monday. Asian Paints Limited is engaged in the manufacturing, selling and distributing paints, coatings, products related to home décor, bath fittings, kitchen, wardrobe and providing related services.
Berger Paints Limited
With a market cap of Rs. 66,013 crores, the stock was trading in the red at Rs. 566.2 on BSE, down by around 1.2 percent on Monday. Berger Paints India Limited is engaged in the business of manufacturing and selling paints. It offers a wide range of coating solutions tailored to various industry segments, including oil refineries, power plants, railway coaches, bridges, and durable floor coatings.
Sector V – Heavy Machinery
Action Construction Equipment Limited
With a market cap of Rs. 14,099 crores, the stock was trading in the red at Rs. 1,183.95 on BSE, down by around 1 percent on Monday. The company is engaged in the business of manufacturing and marketing hydraulic mobile cranes, mobile tower cranes, crawler cranes, truck-mounted cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders.
Written by Shivani Singh
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