According to GlobalData, the value of India construction market is forecast to grow by 5.2% in real terms in 2024, having grown by 6.6% in 2023. A key growth market will be the infrastructure market, with output rising by 6.1% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five commercial and leisure construction projects that commenced in India in Q2 2024, according to GlobalData’s construction projects database.
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1. Navi Mumbai Hyperscale Data Center
The project involves the construction of a data center with a consumption capacity of 300 MW on 19ha of land in Navi, Mumbai.
Construction work started in Q2 2024 and is expected to be completed in Q4 2031.
The project aims to provide cloud services business and expand data center capacity to improve the quality of services to users. Buy the profile here.
2. Chennai Data Centres Development
The project involves the construction of two data centers with a power consumption capacity of 20MW in Chennai, Tamil Nadu.
Construction work commenced in Q2 2024 and is expected to finish in Q2 2026.
The project aims to provide cloud services business and to generate employment opportunities for the youth in the state.
3. Bund Garden Commercial Tower
The project involves the construction of a 100m, 22-story commercial tower on 0.9ha of land in Pune, Maharashtra.
Construction work started in Q2 2024 and is forecast to complete in Q4 2026.
4. Gurgaon Shopping Mall
The project involves the construction of a 232,258m2 shopping mall in Gurgaon, Haryana.
Construction work commenced in Q2 2024 and is expected to be completed in Q3 2026.
The project is part of DLF’s $262 million (INR20,000 million) plan to build two shopping malls in Gurgaon and Goa.
5. Mappedu Multi-Modal Logistics Park
The project involves the construction of a multi-modal logistics park on 73.24ha of land in Tiruvallur, Tamil Nadu.
Construction work started in Q2 2024 and is expected to be completed in Q4 2026.
The project aims to reduce freight transportation costs. It will create new employment opportunities for about 10,000 youths.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
