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 Q4 2024, according to GlobalData’s construction projects database.
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1. Butibori Integrated Solar and Photovoltaic Modules Manufacturing Plant
The project involves the construction of an 5GW integrated solar cells and 3GW photovoltaic modules manufacturing plant in Nagpur, Maharashtra.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
2. Prestige Park Grove Residential Township
The project involves the construction of a 901,159.48m2 residential township comprising 3,627 apartments in 19 towers with three basements, 23 to 41 floors, and 88 villas on 21.81ha of land in Bengaluru, Karnataka.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
The project aims to provide a luxurious and comfortable living experience in Bangalore.
3. Ghaziabad to Kanpur Expressway Development
The project involves the construction of a 380km long four-lane highway from Ghaziabad to Kanpur, Uttar Pradesh.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
The project passes through the Aligarh, Bulandshahr, Kasganj, Kannauj, Kanpur, Farrukhabad, Unnao, and Hapur districts in western Uttar Pradesh. Buy the profile here.
4. Luni-Samdari-Bhildi Railway Line Doubling
The project involves the upgrade of a 278km railway line from Luni to Bhildi via Samdari in India.
Construction work commenced in Q4 2024 and is expected to be completed in Q3 2028.
5. Halvad Transmission Line 765 kV
The project involves the construction of a 301km 765kV transmission line in Gujarat.
Construction work started in Q4 2024 and is expected to be completed in Q4 2025.
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.
