The value of India construction market is forecasted by GlobalData 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 five largest construction projects initiated in India during Q3 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Tamil Nadu Electric Vehicle Manufacturing Plant
The project involves the construction of an electric vehicle manufacturing plant with manufacturing capacity of 250,000 in in Panapakkam, Ranipet District, Tamil Nadu.
Construction work started in Q3 2024 and is expected to be completed in Q4 2030.
2. Ludhiana Bulk Water Supply Facility
The project involves the construction of a bulk water supply facilities with a capacity to supply about 580MLD of water on a 21.45ha of land in Ludhiana, Punjab.
Construction work commenced in Q3 2024 and is expected to finish in Q3 2027.
3. Smartworld The Edition
The project includes the construction of 278,709m2, three-twin towers, 43-story, residential complex comprising 900 units on 4.04ha of land in Gurgaon, Haryana.
Construction work started in Q3 2024 and is forecast to complete in Q1 2031.
4. Lal Bahadur Shastri Airport Expansion
The project involves the expansion of an airport on 142ha of land in Varanasi, Uttar Pradesh.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2027.
The project aims to modernize the airport’s facilities based on international standards and expand its cargo terminal building and runway.
5. Vamsiram Manhattan Residential Complex
The project involves the construction of a 549,510.98m2 high, eight 47-story residential towers comprising 978 apartments on a 5.69ha area in Hyderabad, Telangana.
Construction work started in Q3 2024 and is expected to be completed in Q4 2029.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
