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 multi-family housing construction projects that commenced in India in Q4 2023, according to GlobalData’s construction projects database.
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1. Rajarhat Rise Sports-Theme Residential Township
The project involves the construction of a sports theme residential township comprising 10,000 units on 18.21ha of land in Kolkata, West Bengal.
Construction work started in Q4 2023 and is expected to be completed in Q4 2027.
The project aims to provide better residential and sports facilities in the region. The project is also known as “RISE – Sports Republic”.
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2. Golden Willow Residential Community
The project involves the construction of a residential community with a floor area of 92,903m2 comprising of 700 apartments in Panvel, Maharashtra.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2028.
The project aims to enhance the residential facilities to meet the increasing demand for housing in the region.
3. Prestige Serenity Shores Residential Complex
The project involves the construction of four residential towers comprising 657 units on 4.59ha of land in Bengaluru, Karnataka.
Construction work started in Q4 2023 and is forecast to complete in Q3 2027.
The project aims to provide better residential facilities in the region. Buy the profile here.
4. Tathastu Residential Complex
The project involves the construction of 14 residential towers comprising 2,972 units on 8.84ha of land in Gurugram, Haryana.
Construction work commenced in Q4 2023 and is expected to be completed in Q1 2027.
The project aims to provide better affordable housing in the region. Buy the profile here.
5. Candeur Skyline Residential Complex
The project involves the construction of five, 59-story residential towers in Hyderabad, Telangana.
Construction work started in Q4 2023 and is expected to be completed in Q1 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.
