The persistent presence of construction projects in our daily lives can be attributed to the significance of the building industry, also known as infrastructure, to our economy. This industry serves as a crucial economic foundation, contributing significantly to economic growth and stability. This developing nation is experiencing significant progress in its construction industry, with projects ranging in size from small to mega-scale. Thousands of individuals are employed in this sector, contributing to the economy annually. This growth is a monumental achievement for the nation, as it plays a crucial role in driving the economy forward.
In 2024, India is poised for a transformative shift in its urban landscape through a slew of major infrastructure projects that promise to redefine connectivity, economic vitality, and sustainable living. Let’s delve into the organised details of these key initiatives:
BharatMala Pariyojana Project: Launched in 2015 by the Indian government, it is a significant infrastructure initiative designed to improve the nation’s road network. The Ministry of Road Transport and Highways (MoRTH) manages the project, involving implementing agencies such as the National Highways Authority of India (NHAI) and the National Highways and Infrastructure Development Corporation. In the Union Budget 2024, the allocation for the Road Ministry saw a slight increase to Rs 2.78 lakh crore, with Rs 1.68 lakh crore earmarked for NHAI to develop national highway corridors under Bharatmala Pariyojana. This follows a 36% increase in the allocation to Rs 2.7 lakh crore in the Union Budget 2023.
Denne historien er fra March 2024-utgaven av Construction Week.
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Denne historien er fra March 2024-utgaven av Construction Week.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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INDIAN REAL ESTATE SET FOR BREAKTHROUGH: 16% GROWTH TO PROPEL MARKET TO $10 TRILLION BY 2047: COLLIERS-CREDAI REPORT
Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability
GAUR NYC RESIDENCES
Group's third ultra-luxury project
HIRANANDANI WOODSPRING
Hiranandani Woodspring by House of Hiranandani, located along the Bhiwandi-Kalyan corridor is spread across 4.5 acres. The premium residential complex is set to change the skylines of Kalyan with its neoclassical and meticulously crafted towers of 25-28 storeys.
OPENING DOORS TO THE WORLD
Aluk India opened its Home Experience Centre in Bangalore. It will offer partners and customers an insight into fascinating and unique products
OVER THE TOP
Building bridges and flyovers that last decades is easy, if you follow stringent principles
RIGHT FROM UNDER
When it comes to CE, excavators beat others hands down
THE POWER OF PERSISTENCE
Amit Jain, chairman & managing director, Arkade Developers, joined his father's real estate A pretty early on in his career. While his father entered the world of real estate in 1985-86 with single stand-alone buildings, Amit quickly learnt the ropes and joined his father after completing his graduation from Mithibai College.
SUSHMA GROUP ACQUIRES 59-ACRE LAND PARCEL
The focus is on sustainable development and modern urban planning
TREVOC GROUP SETS RS 1000 CRORE TARGET
This project offers more than just luxury amenities