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

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..