India’s Greenfield Construction Costs Rise 2-4% in 2024: CBRE Report

12 Mar 2025 CW Team

Greenfield construction costs in India increased marginally by 2-4% in 2024, a slowdown compared to the 6-8% rise seen in 2021-22, according to CBRE South Asia’s "India Construction Cost Trends 2024-25" report. This moderation reflects improved supply chains and stabilising inflation.

The report noted a decline in material costs, with cement, steel, and aluminium prices falling by 6-8%, 3-5%, and 0-2%, respectively, while paint costs remained steady. However, wood and stone prices rose by 3-6% and 0-2% due to selective demand pressures. Labour costs, on the other hand, increased by 5% due to ongoing workforce shortages, balancing out material savings and keeping overall costs high.

For 2025, construction costs are expected to rise in line with inflation, with labour costs projected to increase by 6-8% and steel, cement, and fuel prices by 2-4%. Among cities, Mumbai saw the highest fit-out cost rise at 4-6%, followed by Delhi-NCR, Bengaluru, Chennai, Hyderabad, and Pune at 3-4%.

CBRE India Chairman & CEO Anshuman Magazine highlighted India’s resilience and projected the country to become the world’s third-largest construction market by 2025. Gurjot Bhatia, Managing Director & Head of Project Management Advisory, Asia-Pacific, CBRE, stressed the need for stakeholders to adapt to macroeconomic trends, sustainability demands, and digital advancements for long-term market stability.

(freepressjournal)

Infrastructure Urban

27 Oct 2025

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..