+
Why RRR will be the Government’s formula too in 2023
RAILWAYS & METRO RAIL

Why RRR will be the Government’s formula too in 2023

This south Indian movie (RRR) has made record collections globally and received rave reviews. But India’s infrastructure story is also set to attract global attention. Pratap Padode, Editor-in-chief reveals the magic RRR formula

As we enter the new year in 2023, the market investors will begin to search for clues from the Union Budget 2023-24. This will be the Modi administration’s final full-year budget before the Lok Sabha elections in May 2024. Some anticipate that the government will continue to prioritise infrastructure improvement while following the path of fiscal restraint. On the other hand, people anticipate new changes and tax advantages.

In FY 21, the year that faced lockdowns a record 13,327 km of highways were built at 36.51 km per day. However, last year in FY22 the pace has slackened to 10,457 km at 28.64 km per day. This year in FY23, only 4,766 km of the targeted 12,000 km of highways for FY23 had been built from April to November, indicating a decline of nearly 7 per cent from 5,118 km in the same period last year. Sadly, the target of 12,000 km is likely to be missed.

According to the investment lead growth paradigm, infrastructure will continue to be a major growth engine. The $5 trillion economic dream of India cannot be realised without the construction equipment sector, thus as a sector, we are hoping that the Budget will help unlock the prospects this market has to offer.

Just like the super hit movie from South India which has received rave reviews and box office collections both within India and overseas, we expect Roads, Railways & Rural Development (RRR) to be top of the agenda for the government in 2023.

REGISTER FOR METRO RAIL CONFERENCE HERE



Author: Pratap Padode is the Editor-in-Chief of Construction World and President of FIRST Construction Council.

This south Indian movie (RRR) has made record collections globally and received rave reviews. But India’s infrastructure story is also set to attract global attention. Pratap Padode, Editor-in-chief reveals the magic RRR formula As we enter the new year in 2023, the market investors will begin to search for clues from the Union Budget 2023-24. This will be the Modi administration’s final full-year budget before the Lok Sabha elections in May 2024. Some anticipate that the government will continue to prioritise infrastructure improvement while following the path of fiscal restraint. On the other hand, people anticipate new changes and tax advantages. In FY 21, the year that faced lockdowns a record 13,327 km of highways were built at 36.51 km per day. However, last year in FY22 the pace has slackened to 10,457 km at 28.64 km per day. This year in FY23, only 4,766 km of the targeted 12,000 km of highways for FY23 had been built from April to November, indicating a decline of nearly 7 per cent from 5,118 km in the same period last year. Sadly, the target of 12,000 km is likely to be missed. According to the investment lead growth paradigm, infrastructure will continue to be a major growth engine. The $5 trillion economic dream of India cannot be realised without the construction equipment sector, thus as a sector, we are hoping that the Budget will help unlock the prospects this market has to offer. Just like the super hit movie from South India which has received rave reviews and box office collections both within India and overseas, we expect Roads, Railways & Rural Development (RRR) to be top of the agenda for the government in 2023. REGISTER FOR METRO RAIL CONFERENCE HERE Author: Pratap Padode is the Editor-in-Chief of Construction World and President of FIRST Construction Council.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?