Table of contents:

1. Research scope and methodology

2. Executive summary

3. State of Indian economy

• Overview
• Key growth drivers
• Major challenges
• Outlook

4. Construction industry – market overview

• Introduction
• Overall market size
• Predicted market size
• Breakdown
• Industry structure
• Construction and assembly output
• Employment and wages in the industry
• Raw material expenses in the construction industry
• Cement production and prices
• Steel production and prices
• Multiplier effect of overall inflation on commodity prices
• Profitability in the construction industry
• Market players – competitive landscape
• Taxes
• Legislative changes relevant to the construction market

5. Infrastructure construction

• Market overview
• Group market size
• Group’s predicted market size
• Group breakdown
• Infrastructure group construction and assembly output
• Analysis by subgroup category
• Road & bridges
• Energy
• Urban infrastructure
• Irrigation
• Railways
• Ports
• Airports
• Environmentally friendly construction projects

6. Non-residential construction

• Market overview
• Group market size
• Group’s predicted market size
• Group breakdown
• Non-residential construction and assembly output
• Analysis by subgroup industry category
• Industrial
• Office
• Hospitals
• Shopping centres
• Hotels

7. Residential construction

• Market overview
• Housing stock breakdown
• Group market size
• Group’s predicted market size
• Residential group construction and assembly output
• Housing policy in India

8. Company profiles

• Profiles of key players in infrastructure construction group
• Larsen & Toubro Limited (L&T)
• Punj Lloyd Limited
• IVCRL Infrastructure & Projects Limited (IVRCL)
• Nagarjuna Construction Company Limited (NCC)
• Hindustan Construction Company Limited (HCC)
• Simplex Infrastructures Limited
• Gammon India Limited
• Essar Construction Limited
• Navayuga Engineering Company Limited (NECL)
• National Buildings Construction Corporation Limited (NBCC)
• Profiles of key players in property construction group
• DLF Limited (DLF)
• Unitech Limited
• Omaxe Limited
• Parsvnath Developers Limited
• Housing Development and Infrastructure Limited (HDIL)
• Sobha Developers Limited
• Consolidated Construction Consortium Limited (CCCL)
• Ramky Infrastructure Limited
• Ansal Properties and Infrastructure Ltd (API)
• Puravankara Projects Limited
• Profiles of key players with backward/ forward linkages to Indian construction industry
• Steel
• Steel Authority of India Limited (SAIL)
• Tata Steel Limited
• Essar Steel Holdings Limited
• Steel products
• Jindal Steel & Energy
• Jindal Saw Limited
• Welspun-Gujarat Stahl Rohren Limited
• Cement
• ACC Limited
• Grasim Industries Limited
• Ambuja Cements Limited
• Aluminum and allied products
• Hindalco Industries Limited
• National Aluminium Company Limited (NALCO)
• Wood and allied products
• Greenply Industries Limited
• Century Plyboard (I) Ltd
• Paint
• Asian Paint Limited
• Tiles, ceramics and sanitation
• Hindustan Sanitaryware & Industries Limited (HSIL)
• Stone and granite
• RK Marble
• Glass
• Asahi India Glass Limited (AIG)

9. List of graphs

10. List of tables

List of graphs and Tables:

List of graphs

1. Size of the construction industry in India ($ bn), FY’02-FY’12
2. Market share subgroup wise in the Indian construction industry, FY’08
3. Real GDP growth in India, FY’02-FY’08
4. Real GDP by origin in India, FY’91, FY’04 & FY’08
5. Construction as a % of GDP in India, FY’02-FY’08
6. Size of the construction industry in India ($ bn), FY’02-FY’08
7. GDP and construction industry growth comparisons in India, FY’02-FY’08
8. Quarterly growth comparison construction of industry gross value added vs GDP in India, FY’06 – H1’08
9. Predicted size of the construction industry in India ($ bn), FY’09-FY’12
10. Indian construction industry size breakdown ($ bn), FY’08
11. Annual changes in construction and assembly output in India (%), FY’02-FY’08
12. Predicted monetary value of construction and assembly output in India ($ bn), FY’09-FY’12
13. Predicted construction and assembly output in India ($ bn), by category of construction work, FY’09-FY’12
14. Construction and assembly output in India (%), by major growth centres, FY’08
15. Construction companies in India, by number of employees, at end of March 2007
16. Employment levels in the construction industry in India (’000), FY’02-FY’08
17. Workforce by key players, FY’08
18. Raw material cost as % of sales in the construction industry in India and its changes (%), FY’03-FY’08
19. Cement production in India (million tons), FY’03-FY’08
20. Cement price trends in India (INR/50kg bag), FY’03-FY’08
21. Steel bar production in India (million tons), FY’03-FY’08
22. Steel bar price trends in India (INR/kg), FY’03-FY’08
23. Inflation rate and prices in construction industry in India (%, y-o-y change), FY’04-FY’08
24. Operating profit margin in the construction industry in India (%), FY’03-FY’08
25. Net profit margin in the construction industry in India (%), FY’03-FY’08
26. Infrastructure construction group size in India ($ bn), FY’02-FY’08
27. Predicted infrastructure construction group size in India ($ bn), FY’09-FY’12
28. Infrastructure construction group breakdown in India (%), FY’08
29. Estimated investment in infrastructure group construction in India ($ bn), FY’07-FY’12
30. Infrastructure group construction and assembly output in India (%), by top
31. growth centres, FY’08
32. Road network in India, by length distribution , FY’07
33. Roads & bridges subgroup construction size in India ($ bn), FY’02-FY’08
34. Predicted roads & bridges subgroup construction size in India ($ bn), FY’09-FY’12
35. Roads & bridges subgroup construction and assembly output in India (%), by top 5 growth centres, FY’08
36. Installed power generation capacity in India, by energy source, FY’07
37. Energy demand supply status in India, FY’02-FY’07
38. Energy subgroup construction size in India ($ bn), FY’02-FY’08
39. Predicted energy subgroup construction in India ($ bn), FY’09-FY’12
40. Energy subgroup construction and assembly output in India (%), by major players across regions, FY’08
41. Urban infrastructure projects approved in India, by category, FY’07
42. Urban infrastructure subgroup construction in India ($ bn), FY’02-FY’08
43. Predicted urban infrastructure subgroup construction size in India ($ bn), FY’09-FY’12
44. Urban infrastructure subgroup construction and assembly output in India, by regions, FY’08
45. Irrigation subgroup construction in India ($ bn), FY’02-FY’08
46. Predicted irrigation subgroup construction in India ($ bn), FY’09-FY’12
47. Irrigation subgroup construction and assembly output in India, by major players across regions, FY’08
48. Railway network coverage in India (%), by gauge type, FY’07
49. Number of passengers using railways in India (million), FY’03-FY’08
50. Railways subgroup construction in India ($ bn), FY’02-FY’08
51. Predicted railway subgroup construction in India ($ bn), FY’09-FY’12
52. Railways subgroup construction and assembly output in India, by major players across regions, FY’08
53. Cargo traffic handling at major ports in India (million tons), FY’03-FY’08
54. Ports subgroup construction size in India ($ m), FY’02-FY’08
55. Predicted ports subgroup construction in India ($ bn), FY’09-FY’12
56. Port subgroup construction and assembly output in India, by major players across regions, FY’08
57. Airport ownership in India (%), by nature of body, FY’07
58. Number of passengers using airports in India (million), FY’03-FY’08
59. Airport subgroup construction in India ($ m), FY’02-FY’08
60. Predicted airport construction in India ($ bn), FY’09-FY’12
61. Airport construction and assembly output in India, by major players across regions, FY’08
62. Number of new green buildings in India, FY’05-FY’12
63. Environmentally friendly construction in India ($ m), FY’02-FY’08
64. Predicted environment friendly construction in India ($ bn), FY’09-FY’12
65. Environmentally friendly subgroup construction and assembly output in India, by major players across regions, FY’08
66. Non-residential construction group in India ($ bn), FY’02-FY’08
67. Predicted non-residential construction in India ($ bn), FY’09-FY’12
68. Non-residential construction group breakdown in India, FY’08
69. Estimated investment in non-residential construction in India ($ bn), FY’07-FY’12
70. Non-residential construction and assembly output in India, by top 5 growth centres, FY’08
71. Estimated industrial activity in India ($ bn), by subdivision, FY’07
72. Industrial subgroup construction in India ($ bn), FY’02-FY’08
73. Predicted industrial construction in India ($ bn), FY’09-FY’12
74. Industrial subgroup construction and assembly output in India, by major players across regions, FY’08
75. Exports originating from SEZs in India ($ bn), FY’03-FY’08
76. Gross office space y-o-y incremental addition in India (million m2), FY’02-FY’12
77. Office subgroup construction in India ($ bn), FY’02-FY’08
78. Predicted office subgroup construction in India ($ bn), FY’09-FY’12
79. Office subgroup construction and assembly output in India, by major players across regions, FY’08
80. Number of hospitals in India, FY’02-FY’12
81. Hospital subgroup construction in India ($ bn), FY’02-FY’08
82. Predicted hospital subgroup construction in India ($ bn), FY’09-FY’12
83. Hospital subgroup construction and assembly output in India, by major players across regions, FY’08
84. Gross shopping centre space utilisation in India (million m2), FY’02-FY’12
85. Number of shopping centres in India, FY’02-FY’12
86. Mall subgroup construction in India ($ bn), FY’02-FY’08
87. Predicted mall construction in India ($ bn), FY’09-FY’12
88. Mall subgroup construction and assembly output in India, by major players across regions, FY’08
89. Foreign toursit arrivals in India (million), FY’02-FY’12
90. Number of hotels in India, FY’02-FY’08
91. Number of hotel rooms in India, FY’02-FY’08
92. Hotel subgroup construction in India ($ bn), FY’02-FY’08
93. Predicted hotel subgroup construction in India ($ bn), FY’09-FY’12
94. Hotel subgroup construction and assembly output in India, by major players across regions, FY’08
95. Housing stock in India (million units), FY’02-FY’12
96. Housing stock breakdown in India (%), FY’08
97. Housing deficit in India, FY’02-FY’08
98. Residential construction group in India ($ bn), FY’02-FY’08
99. Housing finance in India ($ bn), FY’02-FY’07
100. Average prices of houses in India ($), FY’02-FY’12
101. Predicted residential construction in India ($ bn), FY’09-FY’12
102. Residential group construction and assembly output in India, by top 5 growth centres, FY’08
103. L&T construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
104. Punj Lloyd construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
105. IVRCL construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
106. NCC construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
107. HCC construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
108. Simplex construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
109. Gammon construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
110. Essar construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
111. NECL construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
112. NBCC construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
113. DLF construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
114. Unitech construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
115. Omaxe construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
116. Parsvnath construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
117. HDIL construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
118. Sobha construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
119. CCCL construction and assembly output ($ bn) and y-o-y growth (%), FY’03-FY’08
120. Ramky construction and assembly output ($ bn) and y-o-y growth (%), FY’03-FY’08
121. API construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
122. Puravankara construction and assembly output ($ bn) and y-o-y growth (%), FY’02-FY’08
123. SAIL sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
124. Tata Steel sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
125. Essar Steel sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
126. Jindal Steel & Power sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
127. Jindal Saw sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
128. Welspun-Gujarat sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
129. ACC sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
130. Grasim sales turnover ($ bn) and y-o-y growth (%), Y’02-FY’08
131. Ambuja Cements sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
132. Hindalco sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
133. NALCO sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
134. Greenply sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
135. Century sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
136. Asian Paints sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
137. HSIL sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
138. RK Marble sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08
139. Asahi sales turnover ($ bn) and y-o-y growth (%), FY’02-FY’08

List of tables

1. Main indicators illustrating the condition of the Indian construction industry, FY’02-FY’08
2. Top players in the Indian construction industry, FY’08
3. Macro economic indicators of the Indian economy, 1990-91 (FY’91) to 2007-08 (FY’08)
4. Quarterly construction industry gross value added to India’s GDP, FY’05 - H1‘08
5. Major players in construction industry in India, FY’08
6. Breakdown of construction and assembly output in India ($ m), by category of building, FY’02-FY’08
7. Changes in construction and assembly output in India by category of construction work (%, year-on-year), FY’03-FY’08
8. Construction and assembly output in India (%), by major growth centres, FY’08
9. Construction and assembly output in India by major growth centres, year-on-year growth rate, FY’02-FY’08
10. Predicted construction and assembly output in India ($ m), by major growth centres, FY’08-FY’12
11. Employment mix in the construction industry in India (‘000), FY’02-FY’08
12. Raw material (RM) cost as % of sales in the construction industry in India and its changes (%), FY’03-FY’08
13. Wholesale price index comparison in India – overall vs cement and steel, FY’03-FY’08
14. Operating profit margin in the construction industry in India and its changes (%), FY’03-FY’08
15. Net profit margin in the construction industry in India and its changes (%), FY’03-FY’08
16. List of players in the Indian construction industry, ranking by value ($ m), FY’08 – Part 1
17. List of players in the Indian construction industry, ranking by value ($ m), FY’08 – Part 2
18. Infrastructure group construction and assembly output in India ($ m), by category of building, FY’02-FY’08
19. Year-on-year change in infrastructure group construction and assembly output in India (%), by category of building, FY’02-FY’08
20. Predicted size of infrastructure group construction and assembly output in India ($ bn), by category of building, FY’09-FY’12
21. Predicted size of infrastructure group construction and assembly output in India ($ m), by top 5 growth centres, FY’08-FY’12
22. National highway road network distribution in India, FY’07
23. Distribution of density of national highway length in India, by 15 most populous States
24. Roads & bridges subgroup construction and assembly output in India ($ m), FY’02-FY’08
25. Year-on-year change in roads & bridges subgroup construction and assembly output in India (%), FY’02-FY’08
26. Energy subgroup construction and assembly output in India ($ m), FY’02-FY’08
27. Year-on-year change in energy subgroup construction and assembly output in India (%), FY’02-FY’08
28. Urban infrastructure subgroup construction and assembly output in India ($ m), FY’02-FY’08
29. Year-on-year change in urban infrastructure subgroup construction and assembly output in India (%), FY’02-FY’08
30. Irrigation subgroup construction and assembly output in India ($ m), FY’02-FY’08
31. Year-on-year irrigation subgroup construction and assembly output in India (%), FY’02-FY’08
32. Railway subgroup construction and assembly output in India ($ m), FY’02-FY’08
33. Year-on-year railways subgroup construction and assembly output in India (%), FY’02-FY’08
34. Ports subgroup construction and assembly output in India ($ m), FY’02-FY’08
35. Year-on-year port subgroup construction and assembly output in India (%), FY’02-FY’08
36. Airport construction and assembly output in India ($ m), FY’02-FY’08
37. Year-on-year airport construction and assembly output in India (%), FY’02-FY’08
38. Environmentally friendly projects subgroup construction and assembly output in India ($ m), FY’02-FY’08
39. Year-on-year environmentally friendly subgroup construction and assembly output in India (%), FY’02-FY’08
40. Non-residential construction and assembly output in India ($ m), by category of building, FY’02-FY’08
41. Year-on-year non-residential construction and assembly output in India (%), by category of building, FY’02-FY’08
42. Predicted non-residential subgroup construction and assembly output in India ($ bn), by category of building, FY’09-FY’12
43. Predicted non-residential construction and assembly output in India ($ m), by top 5 growth centres, FY’08-FY’12
44. Industrial subgroup construction and assembly output in India ($ m), FY’02-FY’08
45. Year-on-year industrial subgroup construction and assembly output in India (%), FY’02-FY’08
46. Office subgroup construction and assembly output in India ($ m), FY’02-FY’08
47. Year-on-year office subgroup construction and assembly output in India (%), FY’02-FY’08
48. Hospital subgroup construction and assembly output in India ($ m), FY’02-FY’08
49. Year-on-year hospital subgroup construction and assembly output in India (%), FY’02-FY’08
50. Mall subgroup construction and assembly output in India ($ m), FY’02-FY’08
51. Year-on-year mall subgroup construction and assembly output in India (%), FY’02-FY’08
52. Hotel subgroup construction and assembly output in India ($ m), FY’02-FY’08
53. Year-on-year hotel subgroup construction and assembly output in India (%), FY’02-FY’08
54. Residential group construction and assembly output in India ($ m), FY’02-FY’08
55. Year-on-year residential group construction and assembly output in India (%), FY’02-FY’08
56. Predicted size of residential group construction and assembly output in India ($ bn), by category of building, FY’09-FY’12
57. Predicted residential group construction and assembly output in India ($ m), by top 5 growth centres, FY’08-FY’12
58. L&T competitor analysis
59. Punj Lloyd competitor analysis
60. IVRCL competitor analysis
61. NCC competitor analysis
62. HCC competitor analysis
63. Simplex competitor analysis
64. Gammon competitor analysis
65. Essar competitor analysis
66. NECL competitor analysis
67. NBCC competitor analysis
68. DLF competitor analysis
69. Unitech competitor analysis
70. Omaxe competitor analysis
71. Parsvnath competitor analysis
72. HDIL competitor analysis
73. Sobha competitor analysis
74. CCCL competitor analysis
75. Ramky competitor analysis
76. Ansal Properties competitor analysis
77. Puravankara competitor analysis

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