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 multi-family housing construction projects that commenced in India in Q4 2024, according to GlobalData’s construction projects database.
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1. 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 started in Q4 2024 and is expected to be completed in Q4 2027.
The project aims to provide a luxurious and comfortable living experience in Bangalore.
2. The Sunflower Residential Complex
The project involves the construction of a residential facilities comprising five towers of 30 stories each with 595 units on a 2.8ha area in Ghaziabad, Uttar Pradesh.
Construction work commenced in Q4 2024 and is expected to finish in Q1 2029.
3. CRC Maesta Residential Complex
The project involves the construction of a five, 29, 30, and 32-story residential towers comprising 358 units on 1.74ha of land at Sector 1, Greater Noida, Uttar Pradesh.
Construction work started in Q4 2024 and is forecast to complete in Q2 2029.
4. Rohan Abhilasha 5
The project involves the construction of 23 residential complexes on 12.72ha of land. of land in the Pune District of Maharashtra.
Construction work commenced in Q4 2024 and is expected to be completed in Q1 2029.
5. Concorde NEO Residential Complex
The project involves the construction of six, an 18-story 59.65m-height residential complex comprising 424 apartments on 1.62ha of land in Bengaluru, Karnataka.
Construction work started in Q4 2024 and is expected to be completed in Q4 2029.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
