India’s most admired construction brands 2023
Real Estate

India’s most admired construction brands 2023

The term ‘admired’ is one of life’s great intangibles – it is easy to understand but hard to define! If one were to reduce it to words, though, it connotes something worthy of acclaim and applause, commendation and praise. That has been our intent when we honour India’s Most Admired Construction Brands every year, beginning in 2021.

The endeavour of selecting companies that make this grade is a stringent exercise, especially at a time when – as a Morgan Stanley report has predicted – India’s GDP could well double from the current $ 3.5 trillion to over $ 7.5 trillion by 2031. Similarly, the country’s construction market is expected to achieve an average annual growth rate of over 6 per cent from 2024 to 2027.

Against this backdrop, some companies enjoy enhanced brand visibility and go the extra mile to execute the tallest, largest, smartest and most demanding and complex projects. These visionaries, all leaders in their individual space, believe in staying ahead of the curve by crafting marketing strategies that resonate with their aspirations, setting an inspiring example for others to follow, despite the turbulent times.

To separate the grain from the chaff and select our winners, 184 brands spanning eight categories – contractors, real estate, cement, steel, construction equipment, chemicals, paints and tiles, sanitaryware and glass – were put to the vote. Respondents had to submit a minimum of five votes on the CW website by choosing one company each from five categories, or give a maximum of 24 votes by choosing three companies from each of the eight categories. They were also given the option of writing in to CW to add a name that they felt should have been featured. Respondents were asked to base their choice, as per their perception, on criteria such as commitment to customers, corporate governance, ethics, best business practices, social responsibility, adaptability, eco-friendly and customer-friendly policies and transparency, among others.

It must be noted that the upward trajectory of these trailblazers, who have shown remarkable resilience in the face of market uncertainty in a fiercely competitive landscape, has not always been smooth. But they chose to persist in their efforts to set new industry benchmarks with their grit and passion. Thus, these awards are a testament to how these companies have redefined marketing paradigms, their ability to challenge convention and their relentless pursuit of innovation.

The 7 winners are:

1) Ashoka Buildcon
2) DLF
3) JCB India
4) Larsen & Toubro
5) L&T Construction & Mining Machinery
6) Schwing Stetter India
7) Tata Hitachi Construction Machinery

The term ‘admired’ is one of life’s great intangibles – it is easy to understand but hard to define! If one were to reduce it to words, though, it connotes something worthy of acclaim and applause, commendation and praise. That has been our intent when we honour India’s Most Admired Construction Brands every year, beginning in 2021. The endeavour of selecting companies that make this grade is a stringent exercise, especially at a time when – as a Morgan Stanley report has predicted – India’s GDP could well double from the current $ 3.5 trillion to over $ 7.5 trillion by 2031. Similarly, the country’s construction market is expected to achieve an average annual growth rate of over 6 per cent from 2024 to 2027. Against this backdrop, some companies enjoy enhanced brand visibility and go the extra mile to execute the tallest, largest, smartest and most demanding and complex projects. These visionaries, all leaders in their individual space, believe in staying ahead of the curve by crafting marketing strategies that resonate with their aspirations, setting an inspiring example for others to follow, despite the turbulent times. To separate the grain from the chaff and select our winners, 184 brands spanning eight categories – contractors, real estate, cement, steel, construction equipment, chemicals, paints and tiles, sanitaryware and glass – were put to the vote. Respondents had to submit a minimum of five votes on the CW website by choosing one company each from five categories, or give a maximum of 24 votes by choosing three companies from each of the eight categories. They were also given the option of writing in to CW to add a name that they felt should have been featured. Respondents were asked to base their choice, as per their perception, on criteria such as commitment to customers, corporate governance, ethics, best business practices, social responsibility, adaptability, eco-friendly and customer-friendly policies and transparency, among others. It must be noted that the upward trajectory of these trailblazers, who have shown remarkable resilience in the face of market uncertainty in a fiercely competitive landscape, has not always been smooth. But they chose to persist in their efforts to set new industry benchmarks with their grit and passion. Thus, these awards are a testament to how these companies have redefined marketing paradigms, their ability to challenge convention and their relentless pursuit of innovation. The 7 winners are: 1) Ashoka Buildcon 2) DLF 3) JCB India 4) Larsen & Toubro 5) L&T Construction & Mining Machinery 6) Schwing Stetter India 7) Tata Hitachi Construction Machinery

Next Story
Real Estate

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

Next Story
Infrastructure Transport

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

Next Story
Infrastructure Urban

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App