India's Infrastructure Boom: Renewables, Roads, and Realty Sectors to See 38% Growth
India's key infrastructure sectors, including renewable energy, roads, and real estate, are expected to grow 38% in the next two years, driven by supportive policy interventions and strong investor interest.
Renewable EnergyInfrastructureRoadsReal EstateIndiaReal Estate NewsJun 18, 2024
For renewables, the key growth driver is demand for a sustainable energy transition, driven by the government's target of increasing auctions, which has created a strong pipeline. India saw auctions of 35 GW in fiscal 2024, the highest-ever in a single fiscal, resulting in a strong pipeline of 75 GW.
This will primarily drive the implementation of 50 GW of capacity over the next two fiscals. When it comes to the road sector, the need for improved physical connectivity, which helps in efficiency gains for the economy, has driven healthy awarding over the past few fiscals, barring the last one.
Strengthened order books of road developers, at 2.5 times revenue, will support 11% growth in highway construction, which is seen at 12,500 km per year over the next two fiscals. As for real estate, net leasing of commercial office space will see demand growth of 8–10% in this fiscal year and the next. Cumulatively, Rs 2 lakh crore of equity capital has been deployed in these sectors over the past two fiscals, driven by strong investor participation.
Frequently Asked Questions
What is driving the growth of India's infrastructure sectors?
Supportive policy interventions and strong investor interest are driving the growth of India's infrastructure sectors.
What is the target for renewable energy capacity in the next two fiscals?
The target is to implement 50 GW of capacity over the next two fiscals.
What is the growth rate of highway construction in the next two fiscals?
Highway construction is expected to grow at 11% in the next two fiscals.
What is the demand growth rate for commercial office space in the next fiscal year and the next?
The demand growth rate for commercial office space is expected to be 8-10% in the next fiscal year and the next.
How much equity capital has been deployed in these sectors over the past two fiscals?
Rs 2 lakh crore of equity capital has been deployed in these sectors over the past two fiscals.
Related News Articles
Cyril Amarchand Mangaldas Advises ITC on ₹3,500 Crore Deal for Aditya Birla Real Estate's Pulp and Paper Business
Cyril Amarchand Mangaldas (CAM) provided legal counsel to ITC on the significant acquisition of Aditya Birla Real Estate's pulp and paper division, valued at ₹3,500 crore. This strategic move aims to bolster ITC's presence in the paper and packaging sector.
Bollywood's Rising Real Estate Investors: Actresses Leading the Charge
Bollywood actresses like Tamannaah Bhatia and Triptii Dimri are making waves in the Mumbai real estate market with significant investments, reflecting their growing financial power and strategic thinking.
Provident Housing Launches Phase 2 of Provident Ecopolitan in Bengaluru
The new phase of Provident Ecopolitan includes 581 residential units, ranging from 1 BHK to 3.5 BHK, spread across two towers.
India's Housing Boom: 100 Million New Homes Needed This Decade
Read more about India's growing demand for housing, driven by rising household incomes and government support.
Maharashtra Elections: Voters Grapple with Primary Issues Amidst Hindutva Wave
In a state where development and employment are top priorities, the Maharashtra elections are being fought largely on the Hindutva narrative, leaving voters with a difficult choice. This article explores the complex dynamics at play and the voter's unenvi
AIT Pune's Innerve 9.0: Team Luminosity Triumphs in the Hackathon
Education · AIT Pune's Innerve 9.0 Hackathon sees Team Luminosity emerge as the winners, marking a significant achievement in the tech community.