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.
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1. RRTS Delhi to Alwar Rail Corridor
The project involves the construction of a 164km rail corridor that runs from Delhi to Alwar through Rewari in India.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
The project aims to provide enhanced transport infrastructure in Haryana and Delhi as part of plans for the economic development of the region.
2. Morigaon Semiconductor Assembly and Testing Facility
The project involves the construction of a semiconductor assembly and test facilities plant with a production capacity of 48 million units of chips annually in Jagiroad, Morigaon, Assam.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2025.
The project is the first semiconductor packaging plant in Assam.
3. Versova to Dahisar Coastal Road
The project involves the construction of a 25.9km coastal road between Versova and Dahisar in Mumbai, Maharashtra.
Construction work started in Q3 2024 and is forecast to complete in Q4 2028.
4. Kutch Renewable Energy Park 2375 MW
The project involves the construction of a 2,375MW renewable energy park in Kutch, Gujarat.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
5. Shilphata-Zaroli Road Section: Package C-3
The project involves the construction of a 135km high-speed rail from Shilphata to Zaroli in India.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
The project aims to provide enhanced transport infrastructure in Maharashtra and Gujarat as part of plans for the economic development of the region.
For more details on the latest construction projects, buy the profiles here.
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