India's infrastructure boom: roads and renewables surge

31 Aug 2023 CW Team

Mumbai: The infrastructure development landscape in India is poised for acceleration, with a projected 25% increase in road construction and a 33% rise in renewable energy projects over the next two years. This growth is being driven by companies capitalising on asset monetisation opportunities and reducing their leverage ratios, according to the assessment of credit rating agency Crisil.

Crisil predicts that road construction projects are set to reach up to 13,000 kilometres annually, a notable increase from the current 10,000 kilometres. The driving force behind this expansion is the Hybrid Annuity Model (HAM), which was introduced in 2016. This model has mitigated completion risks associated with road projects, thereby encouraging companies to actively bid for such projects.

Manish Gupta, Senior Director and Deputy Chief Ratings Officer at Crisil commented, "Investor engagement has been positive, with approximately Rs 750-800 billion being raised through equity and asset monetisation in both sectors over the past two fiscal years."

Gupta further stated, "Sustained emphasis on asset monetisation and equity mobilisation, coupled with robust cash flows, will maintain a balanced capital structure in both sectors."

Facilitating the ease of infrastructure development in India, companies are successfully attracting investors to invest in Infrastructure Investment Trusts (InvITs). These financial instruments are backed by the revenue generated from the underlying assets. The assets under the management of road-based InvITs nearly doubled, reaching Rs 1.3 Trillion between December 2022 and July 2023.

Real Estate

03 Sep 2025

Maharashtra to Revise Infrastructure Policies

The Government of Maharashtra will make every possible effort to frame infrastructure-related policies, including those that promote housing in the state, in line with changing requirements. This assurance was given by Mrs. Meghana Sakore Bordikar, Minister of State, Government of Maharashtra, while addressing the two-day NAREDCO 17th National Convention, “India Builds: Reimagining Growth through Real Estate and Infrastructure”. At the convention, Dr Niranjan Hiranandani, Chairman of NAREDCO, called for a new blueprint for infrastructure policies in the present context.The Minister assured..

Agami Realty Enters Mumbai's Luxury Market

Agami Realty, a leading real estate developer with a legacy of over five decades, has marked its foray into Mumbai’s luxury residential market with two significant redevelopment projects in Bandra, valued at an estimated Rs 9.5 billion. The company, known for its boutique developments that blend sustainability, technology, and design excellence, has already received a strong response to its Bandra offering.Agami Eternity, the firm’s first completed premium redevelopment project in Mumbai, recently received its Occupancy Certificate. Located in Bandra East, the project was designed by inter..

Hafele Launches Its Third Licht Experience Centre in India

Hafele, a global leader in interior solutions, has announced the launch of its third Licht Experience Centre in Ahmedabad. This new centre, located at 302, 31 Five, Opp. Palladium, Corporate Road, Makarba, follows the successful openings in Chandigarh and Indore, further strengthening Hafele's footprint in India. The name “Licht,” which means “light” in German, captures the essence of this experience, where technology meets aesthetics to redefine interior spaces.The Ahmedabad Licht Experience Centre was inaugurated by Mr Frank Schloeder, Managing Director of Hafele South Asia, and Mr P..