In this analysis, Biltrax Construction Data provides insights into the building construction landscape of the Central Zone for FY 2023-24. This report focuses on residential, commercial, retail, hospitality, healthcare, and various miscellaneous structures documented through the BX-1 platform. It examines key trends and major players shaping the region’s construction industry.
Introduction
In this final article (Part 7) of our ‘Zonal Analytics’ series, we delve into the vibrant building construction landscape of the Central Zone in 2023-24. Utilizing the advanced capabilities of Biltrax’s BX-1 platform, we present a detailed exploration of building projects across the Central Zone. The BX-1 platform covers a diverse range of sectors, including residential, commercial, retail, hospitality, healthcare, data centers, educational facilities, multi-level car parks, entertainment venues, religious structures, and other miscellaneous building types.
Focusing on the housing and building sector, the Central Zone has witnessed remarkable growth post-pandemic, driven by increased demand for housing loans and a surge in construction activities. Government initiatives like the Pradhan Mantri Awas Yojana (PMAY) have significantly contributed to this growth by providing affordable housing to the urban poor, thereby stimulating the real estate market.
The healthcare sector in the Central Zone also saw a surge in construction activities. The investments in research institutes have increased, with new centers being constructed to foster innovation in healthcare. New tertiary care hospitals have been developed to offer comprehensive healthcare services, including advanced diagnostics and treatment options. Moreover, several healthcare infrastructure projects have been developed through public-private partnerships. These collaborations leverage private sector expertise and investment to complement public healthcare initiatives.
Also Read: BX-1: The only source you will ever need to discover and win building projects in India
Construction Projects in the Central Zone
In the last financial year, Biltrax Construction Data, through its BX-1 platform, tracked nearly 550 building construction projects in the Central Zone. These projects encompass a total area of 77.39 Million-SqFt with an estimated construction cost of INR 23,771 Crore.
State-wise Construction Overview of the Central Zone (Based on Construction Value)
Of the total building projects tracked on BX-1 in the Central region during FY 2023-24, Madhya Pradesh leads the region with 82% of the project value. The state implemented 440 building projects covering a construction area of 63.93 Million-SqFt, valued at INR 19,422 Crore. Madhya Pradesh has witnessed a remarkable transformation in its building construction landscape, with the residential and educational sectors collectively driving 69% of the growth in the central region. This surge is fueled by urbanization and government initiatives like the Pradhan Mantri Awas Yojana, which promote affordable housing and stimulate residential construction. The educational landscape is also flourishing, with substantial investments in new schools, colleges, and universities to serve the growing population and elevate the quality of education.
The healthcare sector, accounting for 20% of the building construction, is experiencing significant advancements aimed at enhancing medical facilities and accessibility. This includes the development of new hospitals, clinics, and specialized healthcare centers, reflecting the state’s dedication to improving healthcare services and addressing the health needs of its residents. Chhattisgarh, on the other hand, is focusing on upgrading its healthcare and educational facilities. One of the prominent projects includes the establishment of a new AIIMS campus in Bilaspur, set to provide advanced medical education and healthcare services.
| Sr. No. | State | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Madhya Pradesh | 440 | 63.93 | 19,422 | 81.70% |
| 2 | Chhattisgarh | 110 | 13.46 | 4,349 | 18.30% |
| TOTAL | 550 | 77.39 | 23,771 |
Sector-Wise Distribution
BX-1 platform tracked a noteworthy 103 private sector building projects within the Central Zone during the preceding fiscal year. These projects encompassed a substantial footprint, totaling 16.60 Million-SqFt of construction area, with a cumulative value of INR 5,815 Crore. Public and Public-Private Partnership (PPP) ventures played a more significant role, undertaking a considerably 447 projects that spanned a vast construction area of 60.79 Million-SqFt and held a combined valuation of INR 17,956 Crore. This detailed breakdown highlights the vigorous engagement of both sectors in the region’s ambitious construction undertakings.
Key Stakeholders in the Central Zone (Based on Construction Value)
Highlighting the key stakeholders driving building construction activities in the Central Zone during FY 2023-24, this section focuses on Key Project Owners, Architects, MEP Consultants, Structural Engineering Consultants, and General/Turnkey Contractors leading significant developments across various sectors.
Major Project Owners
As of FY 2023-24, BX-1 monitored over 152 project owners actively delivering more than 546 building projects in the Central Zone. The projects encompass a combined construction area of 76.74 Million-SqFt & an aggregated cost of INR 23,649 Crore. Key players include:
- Public Work Department, Madhya Pradesh (MP PWD): Leading 132 building projects worth INR 4,737 Crore with 19.93% construction value.
- Madhya Pradesh Building Development Corporation Limited (MPBDCL): Executing 79 building projects valued at INR 3,816 Crore.
- Madhya Pradesh Housing & Infrastructure Development (MP Housing): Managing 40 building projects worth INR 1,766 Crore.
- South Eastern Coalfields Limited (SECL): Handling 11 building projects valued at INR 1,019 Crore.
- Madhya Pradesh Police Housing & Infrastructure Development Corporation (MPPHC): Overseeing 31 building projects worth INR 942 Crore.
Top 20 Project Owners (Based on Construction Value)
Top Design Architects and Consultants (Based on Construction Value)
BX-1 discovered 114 design architect firms in the Central region delivering over 185 building projects with an aggregated cost of INR 10,985 Crore. These projects cover a combined construction area of 35.14 Million-SqFt. Notably, DDF Consultants Private Limited ranks first, undertaking projects with a value of INR 1,894 Crore within the Central Zone. Mehta & Associates and Muralage follow closely behind.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | DDF Consultants Private Limited | 4 | 4.55 | 1,894 | 7.97% |
| 2 | Mehta & Associates | 9 | 4.18 | 897 | 3.77% |
| 3 | Muralage | 5 | 2.15 | 744 | 3.13% |
Top 3 Structural Engineering Consultants
Out of 53 consultancy firms reported by BX-1 managing over 71 projects, CPK & Associates tops the list. These firms cover a total construction area of 9.51 Million-SqFt, costing INR 2,779 Crore collectively. Of this total value, CPK & Associates is developing 3 building projects worth nearly INR 529 Crore. Avam Consultants follows closely with Akshay Associates ranking third.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | CPK & Associates | 3 | 1.38 | 529 | 2.23% |
| 2 | Avam Consultants | 4 | 0.93 | 327 | 1.38% |
| 3 | Akshay Associates | 1 | 0.67 | 235 | 0.99% |
Top 3 MEP Consultants
Among 29 MEP Consultancy firms monitored by BX-1, delivering over 44 building projects with a combined construction area of 8.13 Million-SqFt & an aggregated cost of INR 2,469 Crore, Specon Engineering Consultant alone is delivering building projects worth INR 693 Crore in the Central Zone. SEED Engineering Consultants follows closely.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Specon Engineering Consultant | 4 | 1.78 | 693 | 2.92% |
| 2 | SEED Engineering Consultants | 1 | 1.13 | 309 | 1.30% |
| 3 | OneMEP Services Private Limited | 4 | 0.5 | 144 | 0.61% |
Top 3 General Turnkey/ Civil Works Contractors
Among 132 General turnkey contractors & civil works companies monitored by BX-1, handling more than 240 building projects with a total construction area of 27.20 Million-SqFt & a combined cost of INR 7,002 Crore, Shreejikrupa Project Limited alone is delivering building projects valued at INR 458 Crore. Universal Contractors & Engineers Private Limited (UCEPL) and JP Structures Private Limited follow in the second and third rank, respectively.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Shreejikrupa Project Limited | 2 | 1.68 | 458 | 1.93% |
| 2 | Universal Contractors & Engineers Private Limited (UCEPL) | 2 | 1.15 | 355 | 1.49% |
| 3 | JP Structures Private Limited | 3 | 1.21 | 344 | 1.45% |
BX-1 recorded 406 awarded contracts in the region during FY 2023-24, encompassing 419 projects with a combined tender value of INR 9,497.45 Crore.
In essence, zonal analytics play a crucial role in understanding regional dynamics. It provides indispensable insights for stakeholders to navigate this intricate landscape. By harnessing data from Biltrax Construction Data, industry participants secure access to comprehensive, up-to-the-minute information on construction projects nationwide. The data from Biltrax’s BX-1 platform underscores the crucial role of key players in driving development across various sectors. As the region continues to expand, this detailed analysis equips industry players with the insights needed to make informed decisions. These further ensure alignment with regional demands and opportunities.
With this final article, we conclude our ‘Zonal Analytics’ series. Thank you for following along with our in-depth analysis of each zone’s building trends and developments. Stay tuned for our upcoming series, where we will explore the construction trends in India’s industrial & infrastructure sector.
Contact us today to learn more about how we can help you succeed in the construction industry.
Previous Articles
- Part 1: An Overview
- Part 2: North Zone
- Part 3: Northeast Zone
- Part 4: East Zone
- Part 5: West Zone
- Part 6: South Zone
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