This comprehensive analysis by Biltrax Construction Data delves into building construction trends in the South Zone for FY 2023-24. Leveraging data from the BX-1 platform, the report highlights key sectors, such as residential, commercial, retail, hospitality, and healthcare, among others. It explores significant trends and the leading players driving construction activities in the region.
Introduction
In part 6 of 7 in our ‘Zonal Analytics‘ series, this report focuses on the South Zone’s building construction landscape for FY 2023-24. Utilizing Biltrax’s BX-1 platform, we provide an in-depth analysis of building projects in this region. The BX-1 platform encompasses various sectors, such as residential, commercial, retail, hospitality, healthcare, educational institutions, multi-level car parks, entertainment, religious buildings, and various other structures.
The South Zone of India has long been a hub for IT and commercial infrastructure development. This trend continued in the financial year 2023-24. The region experienced balanced growth across various construction sectors. While residential and industrial projects led the way, IT infrastructure, data centers, and commercial developments were also prominent, especially in Karnataka, Telangana, and Tamil Nadu.
Hyderabad and Bengaluru emerged as key locations for data center investments, driven by the growing demand for cloud services and digital transformation. These projects accounted for an estimated 15-20% of the total construction activities, underscoring the region’s status as a key hub for IT and commercial infrastructure. Meanwhile, the south zone’s residential sector saw the highest number of projects, driven by government housing schemes and private residential developments. This sector contributed approximately 50-55% to overall development.
Also Read: BX-1: The only source you will ever need to discover and win building projects in India
Construction Projects in the South Zone
In the last financial year, Biltrax Construction Data, through its BX-1 platform, tracked nearly 1637 building construction projects in the South Zone. These projects encompass a total area of 737.25 Million-SqFt with an estimated construction cost of INR 283,584 Crore.
State-wise Construction Overview of the South Zone (Based on Construction Value)
During FY 2023-24, of the total building projects tracked on BX-1 in the South Zone, Telangana leads the region with 51% of the project value. Karnataka follows second accounting for 29% of the project volumes.
In Telangana, there is a significant boom in residential development, with top private developers like Rajapushpa Properties, Prestige Group, My Home Group, and several others actively delivering a range of projects. These include ultra-luxurious and luxury gated communities, as well as affordable housing options, catering to a diverse array of housing needs.
| Sr. No. | State | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Telangana | 419 | 376.37 | 145,529 | 51.32% |
| 2 | Karnataka | 371 | 199.36 | 81,117 | 28.60% |
| 3 | Tamil Nadu | 415 | 89.58 | 30,646 | 10.81% |
| 4 | Andhra Pradesh | 192 | 38.81 | 13,164 | 4.64% |
| 5 | Kerala | 229 | 30.80 | 12,373 | 4.36% |
| 6 | Lakshadweep | 5 | 1.05 | 415 | 0.15% |
| 7 | Pondicherry | 6 | 1.28 | 340 | 0.12% |
| TOTAL | 1637 | 737.25 | 283,584 |
Sector-Wise Distribution
In the last financial year, in the South Zone, BX-1 recorded 1114 building projects in the private sector. These cover a construction area of 658 Million-SqFt and are valued at INR 255,953 Crore. Moreover, Public and Public-Private Ventures accounted for 523 projects. These span a construction area of 79.5 Million-SqFt and are valued at INR 27,631 Crore. This breakdown illustrates the extensive participation of both sectors in regional construction initiatives.
Overall, nearly 70% of projects in the South region were private ventures. There has been a noticeable increase in the development of luxury apartments and villa projects. These projects cater to high-net-worth individuals and expatriates. Developers are increasingly targeting prime areas in cities like Bengaluru, Hyderabad, and Chennai for these ventures. Specifically, in Bengaluru, areas like Whitefield and Koramangala are popular. Similarly, in Hyderabad, Banjara Hills and Jubilee Hills are sought after. Meanwhile, in Chennai, Boat Club Road and ECR are key locations. Consequently, these prime areas are witnessing a surge in luxury housing projects. These luxury projects often boast high-end amenities such as swimming pools, clubhouses, gyms, landscaped gardens, and 24/7 security.
Key Stakeholders in the South Zone (Based on Construction Value)
Highlighting the key stakeholders driving building construction activities in the South 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, in the South Zone, BX-1 monitored over 967 project owners actively delivering more than 1626 building projects. These projects encompass a combined construction area of 734.53 Million-SqFt & an aggregated cost of INR 282,629 Crore. Notably, the top 20 project owners alone account for over 43% of the total project value tracked by BX-1.
Top 20 Project Owners (Based on Construction Value)
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Rajapushpa Properties Private Limited | 7 | 50.68 | 19,154 | 6.75% |
| 2 | Prestige Group | 8 | 20.93 | 9,617 | 3.39% |
| 3 | My Home Group | 3 | 23.35 | 9,530 | 3.36% |
| 4 | Aparna Constructions and Estates Private Limited | 7 | 25.04 | 9,157 | 3.23% |
| 5 | Bagmane Group | 3 | 20.8 | 8,667 | 3.06% |
| 6 | Brigade Group | 7 | 16.21 | 6,381 | 2.25% |
| 7 | Godrej Properties Limited | 4 | 16.98 | 6,016 | 2.12% |
| 8 | Casagrand Private Limited | 21 | 16.48 | 5,601 | 1.98% |
| 9 | Greenmark Developers | 3 | 15.08 | 5,275 | 1.86% |
| 10 | Lansum Properties | 7 | 13.07 | 4,848 | 1.71% |
| 11 | Nambiar Builders | 1 | 12.68 | 4,438 | 1.56% |
| 12 | Ashoka Builders India Private Limited (ASBL) | 2 | 11.24 | 3,932 | 1.39% |
| 13 | Cybercity Builders And Developers | 2 | 10.78 | 3,773 | 1.33% |
| 14 | Candeur Constructions | 2 | 7.99 | 3,672 | 1.29% |
| 15 | Urbanrise | 3 | 6.28 | 3,629 | 1.28% |
| 16 | Vamsiram Builders | 3 | 7.83 | 3,616 | 1.28% |
| 17 | Salarpuria Sattva | 5 | 9.11 | 3,465 | 1.22% |
| 18 | Terminus Group | 2 | 7.59 | 3,417 | 1.20% |
| 19 | NCC Urban Infrastructure Limited | 1 | 7.54 | 3,393 | 1.20% |
| 20 | Mana Projects Private Limited | 5 | 8.34 | 3,188 | 1.12% |
Top Design Architects and Consultants (Based on Construction Value)
BX-1 discovered 346 design architect firms in the South region – delivering over 562 building projects at an aggregated INR 108,093 Crore. These projects cover a combined construction area of 260.74 Million-SqFt. Of the total building project value, Genesis Planners Pvt Ltd alone is delivering projects worth INR 12,301 Crore in the South Zone. RSP Design Consultants India Pvt Ltd and Team One India Pvt Ltd follow in the second and third ranks, respectively.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Genesis Planners Private Limited | 14 | 27.47 | 12,301 | 4.34% |
| 2 | RSP Design Consultants India Private Limited | 7 | 28.9 | 12,204 | 4.30% |
| 3 | Team One India Private Limited | 3 | 8.81 | 3,965 | 1.40% |
Top 3 Structural Engineering Consultants
Among the 146 structural engineering consultancy firms reported by BX-1 in the South Zone, Design Tree Service Consultants Pvt Ltd tops the list. These 146 firms are delivering over 241 building projects with a combined construction area of 105.89 Million-SqFt. They are valued at an aggregated INR 45,585 Crore. Of this, Design Tree Service Consultants alone is delivering projects worth INR 7,756 Crore in the South Zone. Buro Happold India and Technical Projects Consultants Pvt Ltd (TPCL) 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 | Design Tree Service Consultants Private Limited | 9 | 16.78 | 7,756 | 2.73% |
| 2 | Buro Happold India | 1 | 9.52 | 4,571 | 1.61% |
| 3 | Technical Projects Consultants Private Limited (TPCL) | 1 | 7.54 | 3,393 | 1.20% |
Top 3 MEP Consultants
Among 50 MEP Consultancy firms monitored by BX-1, delivering over 64 building projects with a combined construction area of 51.16 Million-SqFt and an aggregated cost of INR 21,445 Crore, Design Tree Service Consultants Pvt Ltd alone is delivering building projects worth INR 6,036 Crore in the South Zone. Buro Happold India follows, with LEAD Consultancy & Engineering Services (India) Pvt Ltd ranking third.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | Design Tree Service Consultants Private Limited | 4 | 12.99 | 6,036 | 2.13% |
| 2 | Buro Happold India | 1 | 6.76 | 3,043 | 1.07% |
| 3 | LEAD Consultancy & Engineering Services (India) Private Limited | 2 | 2.64 | 1,175 | 0.41% |
Top 3 General Turnkey/ Civil Works Contractors
Meanwhile, out of 146 general turnkey contractors and civil works companies recorded by BX-1, delivering over 207 building projects with a combined construction area of 57.55 Million-SqFt and an aggregated cost of INR 23,338 Crore, L&T Constructions alone is delivering projects worth INR 6,113 Crore. This represents 2.16% of the total construction value tracked by Biltrax’s BX-1 platform. Unique India Constructions and Uralungal Labour Contract Co-Operative Society Ltd follow in the second and third ranks, respectively.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Construction Value (INR-Crore) | % by Construction Value |
| 1 | L&T Constructions | 2 | 12.74 | 6,113 | 2.16% |
| 2 | Unique India Constructions | 1 | 2.46 | 1,108 | 0.39% |
| 3 | Uralungal Labour Contract Co-Operative Society Limited | 18 | 2.68 | 1,000 | 0.35% |
BX-1 identified over 660 new opportunities worth INR 35,972 Crore across the South Zone during the last financial year. These opportunities, which include turnkey and civil works contracts, were slated for awarding over the next 12-18 months. Additionally, BX-1 recorded 424 awarded contracts in the region during FY 2023-24. These encompass 421 projects with a combined tender value of INR 19,735 Crore.
The South Zone FY 2023-24 analysis reveals a dynamic construction environment fueled by significant investments and government initiatives. Zonal analytics play a pivotal role in deciphering these regional dynamics. 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.
Stay tuned for our next article in the ‘Zonal Analytics’ series, where we will explore construction projects in the Central Zone, delving into another critical segment of India’s construction industry.
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