Govt wraps up 281 central infrastructure projects in FY24

09 May 2024 CW Team

According to government data released, in FY24, work on 281 central government projects costing over Rs 1.50 billion was completed, compared to 329 projects completed in the previous year. It was noted that this completion rate was the second-highest in nearly a decade.

The data also revealed that the proportion of delayed projects increased to 41.6% in March from 41.2% in the previous month. Similarly, the ratio of cost overruns rose to 18.65% compared to 18.19% in the previous month. This increase was attributed to the anticipated cost of 1,873 projects amounting to Rs 31.9 trillion, which was Rs 5 trillion higher than the original cost.

By the end of March, 779 projects were delayed, with 51% of them being delayed for over two years, averaging 36.04 months or nearly three years.

The government release indicated that three projects (two road projects and one telecom project) were added, while 32 projects (seven roads, 23 in petroleum, and two in the power sector) were completed in March.

The release also pointed out a concerning observation that many project agencies were not reporting revised cost estimates and commissioning schedules for numerous projects, hinting that time/cost overrun figures might be underreported.

A sectoral analysis revealed that Railways and water resources had the highest cost overruns, with the anticipated costs of all projects monitored by the ministry exceeding the original cost by 54% and 197%, respectively.

Of the 249 projects monitored under Railways, 149 were facing cost overruns, while the ratio was 9 out of 41 for water resources. Additionally, nearly a fifth of road projects, which constituted the highest number of ongoing projects, were experiencing cost overruns.

Concerning time overruns, 109 out of 249 railway projects and nearly 40% of road projects were delayed.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..