Around 425 infra projects note cost overruns worth Rs 4.83 lakh cr

24 May 2022 CW Team

According to a report, around 425 infrastructure projects, each entailing a Rs 150 crore or more investment, have been hit by cost overruns of over Rs 4.83 lakh crore.

According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,579 projects, 425 projects declared cost overruns, and around 664 projects were delayed.

The ministry's latest report for March 2022 said, the total original cost of execution of the 1,579 projects was Rs 21,95,196.72 crore, and their expected completion cost is likely to be Rs 26,78,365.62 crore, which reflects total cost overruns of Rs 4,83,168.90 crore.

According to the report, the cost incurred on these projects till March 2022 stood at Rs 13,88,760.73 crore, which is 51.85 % of the expected cost of the projects.

However, the number of delayed projects is reduced to 561 if the delay is estimated based on the latest completion schedule.

Further, for 606 projects, neither the year of commissioning nor the tentative gestation period has been notified.

Out of the 664 delayed projects, 124 have been delayed for 13-24 months, 331 projects for 25-60 months, 94 for 1-12 months, 115 projects for 61 months, and more.

In these 664 delayed projects, the average time overrun was 42.41 months.

Reasons for time overruns as informed by various project executing agencies include delay in land acquisition, lack of infrastructure support and linkages, and delay in obtaining forest and environment clearances.

Delay in tendering, ordering, and equipment supply, delay in tie-up for project financing, change in scope, delay in finalisation of detailed engineering, and law and order problems are among the other reasons.

The report also mentioned state-wise lockdowns due to Covid-19 as a reason for the delay in execution of these projects.

It has also been observed that project agencies are not reporting revised cost estimations and commissioning schedules for many projects, which indicates that time and cost overrun figures are under-reported.

Image Source

Also read: 443 infra projects hits cost overruns of Rs 4.45 lakh crore: Report

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

According to a report, around 425 infrastructure projects, each entailing a Rs 150 crore or more investment, have been hit by cost overruns of over Rs 4.83 lakh crore. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,579 projects, 425 projects declared cost overruns, and around 664 projects were delayed. The ministry's latest report for March 2022 said, the total original cost of execution of the 1,579 projects was Rs 21,95,196.72 crore, and their expected completion cost is likely to be Rs 26,78,365.62 crore, which reflects total cost overruns of Rs 4,83,168.90 crore. According to the report, the cost incurred on these projects till March 2022 stood at Rs 13,88,760.73 crore, which is 51.85 % of the expected cost of the projects. However, the number of delayed projects is reduced to 561 if the delay is estimated based on the latest completion schedule. Further, for 606 projects, neither the year of commissioning nor the tentative gestation period has been notified. Out of the 664 delayed projects, 124 have been delayed for 13-24 months, 331 projects for 25-60 months, 94 for 1-12 months, 115 projects for 61 months, and more. In these 664 delayed projects, the average time overrun was 42.41 months. Reasons for time overruns as informed by various project executing agencies include delay in land acquisition, lack of infrastructure support and linkages, and delay in obtaining forest and environment clearances. Delay in tendering, ordering, and equipment supply, delay in tie-up for project financing, change in scope, delay in finalisation of detailed engineering, and law and order problems are among the other reasons. The report also mentioned state-wise lockdowns due to Covid-19 as a reason for the delay in execution of these projects. It has also been observed that project agencies are not reporting revised cost estimations and commissioning schedules for many projects, which indicates that time and cost overrun figures are under-reported. Image Source Also read: 443 infra projects hits cost overruns of Rs 4.45 lakh crore: Report

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..