449 infra projects sees cost overruns of Rs 5.1 trillion

13 May 2024 CW Team

According to the Ministry of Statistics and Programme Implementation (MoSPI) report, nearly 449 infrastructure projects out of 1,873 projects, each with an investment of Rs 1.5 billion and above, were hit by a cost overrun of more than Rs 5.01 trillion in March 2024. It also indicated that 779 projects were delayed. The expense on these projects until March 2024 is Rs 17.11 trillion., which is 53.68% of the anticipated cost of the projects. However, the number of delayed projects decreased to 567 if the delay was calculated on the basis of the latest schedule of completion. It further said that 393 projects have neither the tentative gestation duration nor the year of commissioning disclosed. Of the 779 projects that have been postponed, 202 have been delayed for a total of 1 to 12 months, 181 for 13 to 24 months, 277 for 25 to 60 months, and 119 for longer than 60 months. 36.04 months is the average time overrun for these 779 delayed projects. Various project implementing agencies have indicated that delays in land acquisition, gaining approvals related to the environment and forests, and a lack of infrastructural support and connectivity are among the reasons for schedule overruns. Among other things, delays in securing project funding, completion of technical engineering, scope changes, tendering, ordering, and equipment delivery, and issues with law and order The 1,873 projects' total estimated completion cost is expected to be Rs 31.88 trillion, reflecting an overall cost overrun of Rs 5.01 trillion (18% of the original cost). The 1,873 projects' total initial cost of execution was Rs 26.87 trillion. The study also attributed the delay in these projects' completion to state-level lockdowns brought on by COVID-19, which were implemented in 2020 and 2021. Additionally, it has been noted that many project execution agencies are failing to provide updated cost estimates and commissioning timelines, which raises the possibility that time and cost overrun statistics are being underreported.

Real Estate

04 Sep 2025

Mumbai Records 11,230 Property Deals in August 2025

Mumbai’s property market remained resilient in August 2025, with 11,230 property registrations recorded under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, according to data released by Knight Frank India. While this marks a 3 per cent year-on-year (YoY) decline compared to 11,631 registrations in August 2024, activity stayed robust despite the marginal dip.On a month-on-month (MoM) basis, registrations fell 11 per cent from 12,579 deals in July 2025, indicating seasonal moderation. However, the city’s stamp duty collections still reached Rs 10 billion, reflecting a 6 per cent..

68 Jammu-Katra Trains Cancelled Amid Rain Damage

Jammu and Katra railway services remain severely affected as Northern Railway announced the cancellation of 68 trains—both incoming and outgoing—until 30 September, due to extensive track damage caused by heavy rains and flash floods. Meanwhile, 24 trains are scheduled to resume operations gradually.The Jammu railway division has experienced a complete halt in services for the past eight days, following track misalignment and breaches at several points along the Pathankot–Jammu section. Torrential rainfall since 26 August led to widespread flooding and damage, stranding hundreds of passe..

Bangalore Metro MD Reviews Reach 6 and Phase 2A Progress

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director, Dr J Ravishankar, IAS, conducted inspections of key metro corridors on 29 and 30 August, reviewing the progress of Reach 6 (Pink Line) and Phase 2A (Blue Line).On 30 August, the inspection covered Reach 6, a 21.39-km corridor stretching from Kalena Agrahara to Nagawara, with 18 stations. This stretch is part of Phase 2 of the Bangalore Metro project. Dr Ravishankar assessed the status of civil works, finishing, track laying, and system integration between Kalena Agrahara and MG Road.Earlier, on 29 August, the MD inspected Phas..