According to GlobalData, the value of India construction market is forecast to grow by 5.2% in real terms in 2023, having grown by 6.6% in 2022. 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 leisure and hospitality building construction projects that commenced in India in Q3 2023, according to GlobalData’s construction projects database.
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1. Varanasi Cantonment Railway Station-Godowlia Chowk Ropeway
The project involves the construction of a 3.8km ropeway in Uttar Pradesh.
Construction work started in Q3 2023 and is expected to be completed in Q2 2025.
The project aims to reduce congestion on the road and carbon emissions and ensure easy access to the hilltop temple through the installation of a ropeway. Buy the profile here.
2. Bhimunipatnam Hotel Development
The project involves the construction of a hotel on 17ha of land in Bhimunipatnam, Andhra Pradesh.
Construction work commenced in Q3 2023 and is expected to finish in Q3 2025.
The project aims to provide better hospitality and leisure facilities in the region. Buy the profile here.
3. Tirupati Hotel Development
The project involves the construction of a 10-story hotel comprising 200 rooms on 8.09ha of land in Tirupati, Andhra Pradesh.
Construction work started in Q3 2023 and is forecast to complete in Q3 2025.
The project aims to provide better leisure and hospitality facilities in the region. Buy the profile here.
4. Holiday Inn and Suites Chandigarh Zirakpur
The project involves the construction of a hotel comprising 200 rooms in Punjab.
Construction work commenced in Q3 2023 and is expected to be completed in Q1 2027.
The project aims to have a comfortable environment for guests and provide them with personalized services and the objective is to provide excellent customer service and ensure customer satisfaction.
5. Crowne Plaza Chandigarh Zirakpur
The project involves the construction of a hotel comprising 150 rooms in Punjab.
Construction work started in Q3 2023 and is expected to be completed in Q1 2027.
The project aims to have a comfortable environment for guests and provide them with personalized services and the objective is to provide excellent customer service and ensure customer satisfaction.
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.
