Growth Stimulators in the Indian Construction Market
1. Government Efforts
- Smart City Mission: It focuses on the construction of 100 technologically advanced cities.
- Housing: The "Housing for All" initiative will set homes for every citizen by 2024.
- Infrastructure Development: Investment for infrastructure spend in ie. Bharatmala for roads and Sagarmala for ports is enormous.
2. Urbanization and Growth in Demographics
Increased urban migration is driving the demand for more residential and business buildings.
3. Foreign Direct Investment
100% investment in the construction industry is very welcoming to foreign countries.
4. New Technologies
Use of modern construction practices such as Prefabrication, robotics, and 3D printing.
5. Sustainable Building
Stronger demand for green buildings and sustainable materials.
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