Here are the top five multi-family housing construction projects that commenced in India in Q3 2021, according to GlobalData’s construction projects database.
1. Infinity Mixed-Used Development – $480m
The project involves the construction of a mixed-used complex on 3.2ha of land in Maharashtra.
Construction work started in Q3 2021 and is expected to be completed in Q4 2024.
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The purpose of the project is to enhance residential and commercial facilities to meet the demand for the growing urban population in the region.
2. Aparna Sarovar Zicon – $325m
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The project involves the construction of the residential complex comprising 14 towers of 26-story each on 10.35ha of land in Hyderabad, Telangana.
Construction work commenced in Q3 2021 and is expected to finish in Q1 2027.
The project aims to provide better residential facilities in the region.
3. Naigaon East Residential Complex – $300m
The project involves the construction of a 4,18,064m2 residential complex on 40.4ha of land in Mumbai, Maharashtra.
Construction work started in Q3 2021 and is forecast to complete in Q2 2024.
The project aims to meet the growing demand for affordable residential units in the area.
4. Vasind Residential Complex – $300m
The project involves the construction of a 2,41,548m2 residential complex on 20.23ha of land in Thane, Maharashtra.
Construction work commenced in Q3 2021 and is expected to be completed in Q4 2026.
The project aims to meet the growing demand for affordable residential units in the area.
5. Signature Global City 37D Residential Community – $94m
The project involves the construction of 324, four-story residential buildings comprising 1,296 units on 8.34ha of land at Sector-37D in Gurugram, Haryana.
Construction work started in Q3 2021 and is expected to be completed in Q4 2024.
The project aims to provide better residential facilities in the region.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.
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