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 commercial and leisure construction projects that commenced in India in Q3 2023, according to GlobalData’s construction projects database.
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1. Infosys Pocharam Office Campus Expansion
The project involves the expansion of an office campus with a floor area of 761,804m2 on 133.48ha of land in Hyderabad, Telangana.
Construction work started in Q3 2023 and is expected to be completed in Q3 2027.
The project aims to provide maximum space with adequate parking and to build a resource-efficient & environment-friendly office space. It will create 20,000 jobs.
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2. Madhapur Data Centre
The project involves the construction of a 14-story, 455,225m2 data centre with a consumption capacity of 40MW on 8.10ha of land in Hyderabad, Telangana.
Construction work commenced in Q3 2023 and is expected to finish in Q2 2026.
The project aims to provide cloud services business and expand data center capacity to improve the quality of services to users. Buy the profile here.
3. Hyderabad Data Center
The project involves the construction of a data center with a capacity of over 38MW in Hyderabad, Telangana.
Construction work started in Q3 2023 and is forecast to complete in Q4 2024.
The aim of the project is to meet the rising demand for data centre facilities in the region and thereby increase the overall capacity in India. The project will be Sify’s second facilities in the city after the 8MW data centre in Gachibowli. Buy the profile here.
4. Varanasi Cantonment Railway Station-Godowlia Chowk Ropeway
The project involves the construction of a 3.8km ropeway in Uttar Pradesh.
Construction work commenced 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.
5. Bhimunipatnam Hotel Development
The project involves the construction of a hotel on 17ha of land in Bhimunipatnam, Andhra Pradesh.
Construction work started in Q3 2023 and is expected to be completed in Q3 2025.
The project aims to provide better hospitality and leisure facilities in the region. Buy the profile here.
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.
