India Construction Market Data &
Forecast to 2013
Reference Code: WMP-200-025-13
Publication Date: September 2009
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India Construction Market
TABLE OF CONTENTS
Table of Contents 2
List of Tables 4
List of Figures 5
1 India Construction Market Analysis 6
1.1 Overview 6
1.2 Market value 7
1.3 Market Segmentation by Project 8
2 India Construction Competitive Landscape 9
2.1 Competitive Summary 9
3 Leading India Construction Companies 10
3.1 Hindustan Construction Company 10
3.1.1 Key Information 10
3.1.2 Company Overview 10
3.2 Larsen & Toubro Limited 11
3.2.1 Key Information 11
3.2.2 Company Overview 11
3.3 Gammon India Limited 12
3.3.1 Key Information 12
3.3.2 Company Overview 12
3.4 DLF Limited 13
3.4.1 Key Information 13
3.4.2 Company Overview 13
3.5 Unitech Limited 14
3.5.1 Key Information 14
3.5.2 Company Overview 14
India Construction Market Data & Forecast to 2013
Published September 2009
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India Construction Market
3.6 Sales and Earnings Comparison 15
3.6.1 Total Revenue 15
3.6.2 Net Income 16
4 India Construction Market Forecast 17
4.1 Forecast Statement 17
4.2 Market Value Forecast 18
4.3 Future Market Segmentation by Project 19
5 Appendix 20
5.1 Research Methodology 20
5.2 Definitions 21
5.3 About World Market Intelligence 22
India Construction Market Data & Forecast to 2013
Published September 2009
© World Market Intelligence. This report is a licensed product and is not to be photocopied Page 3
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India Construction Market
LIST OF TABLES
Table 1: India Construction Market Value - US$ Billion, 2003-2008 7
Table 2: India Construction Market Segmentation by Project, US$ Billion, 2008 8
Table 3: Hindustan Construction Company, Key Facts 10
Table 4: Larsen & Toubro Limited, Key Facts 11
Table 5: Gammon India Limited, Key Facts 12
Table 6: DLF Limited, Key Facts 13
Table 7: Unitech Limited, Key Facts 14
Table 8: Leading Players in India Construction, Revenue - US$ Million, 2004-2008 15
Table 9: Leading Players in India Construction, Net Income - US$ Million, 2004-2008 16
Table 10: India Construction Market Forecast - US$ Billion, 2008-2013 18
Table 11: India Construction Market Segmentation by Project, US$ Billion, 2013 19
India Construction Market Data & Forecast to 2013 Publishe
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India Construction Market
LIST OF FIGURES
Figure 1: India Construction Market Value - US$ Billion, 2003-2008 7
Figure 2: India Construction Market Segmentation by Project, % Share, 2008 8
Figure 3: Leading Players in India Construction, Revenue - US$ Million, 2004-2008 15
Figure 4: Leading Players in India Construction, Net Income - US$ Million 2004-2008 16
Figure 5: India Construction Market Forecast - US$ Billion, 2008-2013 18
Figure 6: India Construction Market Segmentation by Project, % Share, 2013 19
India Construction Market Data & Forecast to 2013 Publishe
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India Construction Market
1 India Construction Market Analysis
1.1 Overview
The Indian construction industry grew at a CAGR of 13.93% for the period 2003-2008. Non-
residential sector’s market share was 84.7% in 2008, while residential sector accounted for the
balance 15.3%. The Indian economy is one of the fastest growing economies of the world. One of
the primary drivers in the five year plan is to ensure that the economy maintains a growth rate of
8.0%-9.0%, which is a substantial investment in infrastructure. In 2008, the Indian construction
industry is US$102.9 billion and has grown by a CAGR of 13.92% from 2003 through 2008. The
construction sector comprises 65.0% of the total infrastructure investment in India and accounts
for nearly 11.0% of GDP.
India’s GDP growth rate has averaged over 8.5% in the last three years up from an average of
around 6% during the 1990s. This economic growth has generated demand for property to help
meet the needs of business for expansion, warehouses, hotels and retail shopping centers. It has
also boosted housing demand as upper class families seek upgraded accommodation. In addition
to this, shrinking household size and improved access to housing finance have boosted the
demand for residential property. Tax incentives has also been granted to interest and principal
paid on home loans which has made owner-occupied property more attractive.
The residential segment comprises 15.3% and non-residential 84.7% of the total construction
market. These break-ups have remained broadly constant since 1993-1994. The real estate