India Commercial Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Construction Growth Rate in India and It is Segmented by Type (Office Building, Retail, Hospitality, Institutional, Others).

India Commercial Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Commercial Construction Market Size

India Commercial Construction Market (2024 - 2029)
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 694.08 Billion
Market Size (2030) USD 932.35 Billion
CAGR (2025 - 2030) 6.08 %
Market Concentration Medium

Major Players

India Commercial Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of India Commercial Construction Market with other markets in Real Estate and Construction Industry

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India Commercial Construction Market Analysis

The India Commercial Construction Market size is estimated at USD 694.08 billion in 2025, and is expected to reach USD 932.35 billion by 2030, at a CAGR of 6.08% during the forecast period (2025-2030).

Efforts are expected to continue to ease the regulations, multiply the organizations, amend the Foreign Direct Investment policies and legislations to generate flow of funds for the upcoming infrastructure with commercial construction forming a major focus. This is also evident from the large scale propaganda of the Government of India to focus on a 5 Trillion USD economy, launching of various investment initiatives by the Finance Ministry viz. innovative financing vehicles such as Infrastructure Debt Funds (IDFs), Infrastructure Investment Trusts (InvITs), Real Estate Investment Trusts (REITs), mainstreaming of Public Private Partnerships (PPPs) across industry through viability gap funding, and establishment of the National Investment and Infrastructure Fund (NIIF), which would be key initiatives for stabilizing industry's output post COVID-19 outbreak.

A brilliant example is the DLF-GIC Joint venture, a private Real Estate Investment Trust (REIT), to invest around USD 650 Million for the development of a 6.8 million square feet information technology park in Chennai, and the country's largest mall in Gurugram, next to Cybercity, having 2.5 Million sq. feet built up area. Further, Global private funds, including Blackstone Group, Canada Pension Plan Investment Board (CPPIB), APG Asset Management, Xander Group and GIC, have started investing in the retail sector to diversify their investment portfolios in the country and more funds are eyeing such alliance opportunities. To add, in one of India's biggest transactions to help build a property investment platform, private equity major Warburg Pincus entered a USD 1 billion alliance with Mumbai-based developer Runwal Group to fund retail-led mixed-use projects across the country. Companies exiting China and entering Indian market, in search of retail and office space, post COVID-19 outbreak, would be a bonus in the economic slowdown.

Market experts are expecting around 15% decline in the office space absorption, complementing the fact that 30% decline in the same has been recorded in the first three months of this year, 2020, for Grade A segment of office built up space, across major metropolitans, though net office space absorption is still expected to be higher than previous year, backed by significant pre-booking or pre-leasing of space by occupiers. Labor shortages could be another issue post lockdown, as most of the labor have returned to their villages and it would be very dicey, if construction, the second largest employer, after Agriculture, faces tough time fetching minimum number of laborers at the construction sites, despite endless initiatives by the govt.

India Commercial Construction Industry Overview

The India commercial construction market is highly competitive, with the major local and international players having created enough competitive environment in the sector. Still, the market opens opportunities for small and medium players due to increasing govt investments in the sector. The market presents opportunities for growth during the forecast period, which is expected to further drive market competition. With large players competing others for a significant share leaves the industry with no observable levels of consolidation.

A few key players in the market include DLF Ltd., Unitech Group, Sobha Ltd, Prestige Group, and Omaxe Ltd. - the market share of DLF and Unitech being primarily in Delhi-NCR (Gurugram) and distributed unevenly elsewhere. The Government regulations make it quite easy for any player, local, national or multi national to enter the market with ease and create its own share.

India Commercial Construction Market Leaders

  1. DLF Limited

  2. SOBHA Limited

  3. Prestige Group

  4. Unitech Group

  5. Omaxe Limited

  6. NBCC Limited

  7. PCP International Limited

  8. Bharti Realty Limited

  9. B L Kashyap and Sons Limited

  10. Oberoi Realty Limited

  11. *Disclaimer: Major Players sorted in no particular order
India Commercial Construction Market.png
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India Commercial Construction Market News

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India Commercial Construction Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Analysis Methodology
  • 2.2 Research Phases

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Current Market Scenario
  • 4.2 Technological Trends
  • 4.3 Government Regulations
  • 4.4 Value Chain / Supply Chain Analysis
  • 4.5 Overview of Commercial Construction Market in India
  • 4.6 Brief on Construction Costs (average cost, office and retail space, per sq feet)
  • 4.7 Insights into the new office space completions (sq. feet)
  • 4.8 Insights into the share of office space absorption (%, healthcare, telecom, construction and allied services)
  • 4.9 Impact of COVID-19 on Indian Commercial Construction Market (Analyst View)

5. MARKET DYNAMICS

  • 5.1 Drivers
  • 5.2 Restraints
  • 5.3 Opportunities
  • 5.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 5.4.1 Bargaining Power of Suppliers
    • 5.4.2 Bargaining Power of Consumers
    • 5.4.3 Threat of New Entrants
    • 5.4.4 Threat of Substitutes
    • 5.4.5 Intensity of Competitive Rivalry

6. MARKET SEGMENTATION

  • 6.1 By End Use
    • 6.1.1 Office Building Construction
    • 6.1.2 Retail Construction
    • 6.1.3 Hospitality Construction
    • 6.1.4 Institutional Construction
    • 6.1.5 Others

7. COMPETITIVE LANDSCAPE

  • 7.1 Market Concentration Overview
  • 7.2 Company Profiles
    • 7.2.1 Delhi Land And Finance Limited (DLF Ltd.)
    • 7.2.2 Sobha Limited
    • 7.2.3 Prestige Group
    • 7.2.4 Unitech Group
    • 7.2.5 Omaxe Ltd.
    • 7.2.6 NBCC Limited
    • 7.2.7 Punjab Chemi Plants Limited (PCP International Ltd)
    • 7.2.8 Bharti Realty Ltd.
    • 7.2.9 B. L. Kashyap and Sons Limited (BLK Ltd.)
    • 7.2.10 Oberoi Reality Ltd.
  • *List Not Exhaustive

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

9. APPENDIX

  • 9.1 Macroeconomic Indicators (GDP Distribution by Activity, Contribution of Commercial Construction to economy)
  • 9.2 Insights on Capital Flows (investments in Commercial Construction Sector)
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India Commercial Construction Industry Segmentation

A complete background analysis of the India Commercial Construction market, which includes an assessment of the economy, market overview, market size estimation for key segments, and emerging trends in the market, market dynamics, and key company profiles are covered in the report.

By End Use Office Building Construction
Retail Construction
Hospitality Construction
Institutional Construction
Others
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India Commercial Construction Market Research Faqs

How big is the India Commercial Construction Market?

The India Commercial Construction Market size is expected to reach USD 694.08 billion in 2025 and grow at a CAGR of 6.08% to reach USD 932.35 billion by 2030.

What is the current India Commercial Construction Market size?

In 2025, the India Commercial Construction Market size is expected to reach USD 694.08 billion.

Who are the key players in India Commercial Construction Market?

DLF Limited, SOBHA Limited, Prestige Group, Unitech Group, Omaxe Limited, NBCC Limited, PCP International Limited, Bharti Realty Limited, B L Kashyap and Sons Limited and Oberoi Realty Limited are the major companies operating in the India Commercial Construction Market.

What years does this India Commercial Construction Market cover, and what was the market size in 2024?

In 2024, the India Commercial Construction Market size was estimated at USD 651.88 billion. The report covers the India Commercial Construction Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Commercial Construction Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Commercial Construction Industry Report

Statistics for the 2025 India Commercial Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Commercial Construction analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.