Construction in India: New Housing Project for Low and Middle Income Population Group

Pune, India, 7th November 2017: WiseGuyReports announced addition of new report, titled “Construction in India, Key Trends and Opportunities to 2021”

The report provides a comprehensive analysis of the construction industry in India. The in-depth analysis of segmentation of sector such as Commercial, Industrial, Infrastructure, energy and utilities, institutional and residential and type of project. Historical (2012-2016) and Forecasting (2017-2021) Evaluating the Construction Industry in India Using Construction Product and Value Added Methods. Analyzing the major issues construction industries including regulation, cost management, funding and valuation, detailed profiles of leading construction companies in India.

As per new report study and analysis, the Indian construction industry registered an average annual growth rate of 3.5% and CAGR of 4.16% during the review period (2012–2016).

 

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The major highlight of the report cover in the report are,

Rapid urbanization and increasing population have led to the demand for faster and convenient transport system in the country. The government is considering 27 new four-lane highways in the country. Accordingly, they are contemplating from Porbandar to Kolkata, Kanyakumari to Srinagar, Rameswaram to Dehradun, Surat to Paradip Port, and Mangalore Port to Chennai Port.

The government is focusing on the construction of electricity and transmission grid so that electricity can be provided to every part of the country by 2022. Accordingly, the government is planning to invest 60 thousand core rupees (under US $ 11.8 billion) by the Deen Dayal Upadhyay Gram Jyoti Yojana (DDUJJY) program, making Transmission Grid and other related infrastructure by 2022.

In order to meet the growing demand for low and middle-income groups, the government is planning to develop affordable housing projects across the country under the Social Housing Program. Accordingly, by 2022, there is a plan to create affordable homes worth 20 million less in urban and semi-urban areas under the PMA program to ensure residence for all residents.

Government introduced Bharatmala program, Setu Bharatam Program, National Highway Interconnectivity Improvement Project and Logistic Technology Enhancement Program (LEEP). Under the Bharatmala program, the government is planning to build a 7,000-kilometer road connecting the eastern part of the West with the West, with an investment of $ 100.0 billion ($ 13.0 billion).

In coming year there is expectations of 100 smart cities mission, housing for all 2022, untested mission for urban revival, and expansion in infrastructure, energy and energy projects are expected to expand to industry, project period (2017-2021). And various governments (PFA) National Skill Development Mission (NMSD), Prime Minister Gram Sadak Yojana (PMGSY), Make in India and Power for All (PFA).

Finally the Construction in India is supported by the 12th Five-Year Plan 2012–2017, under which the government invested heavily in infrastructure, industrial parks and residential buildings.

…Continued        

 

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