The Govt to provide much-required support to the construction sector
ECONOMY & POLICY

The Govt to provide much-required support to the construction sector

Infrastructure is a key driver for the economy, responsible for the overall development and growth of the Indian construction industry. It broadly consists of two major segments: real estate and urban development. While the real-estate segment includes residential buildings, commercial and retail spaces, hotels and so on, the urban development segment pertains to infrastructure development of water supply, transportation, educational complexes, solid waste management, etc. As per a global survey, the construction industry in India is expected to grow steadily and the growth momentum is expected to continue to rise, thereby recording a compound annual growth rate (CAGR) of 11.7 per cent during 2021-2025. The survey further envisaged an output of $ 842,535.2 million by 2025.

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Infrastructure is a key driver for the economy, responsible for the overall development and growth of the Indian construction industry. It broadly consists of two major segments: real estate and urban development. While the real-estate segment includes residential buildings, commercial and retail spaces, hotels and so on, the urban development segment pertains to infrastructure development of water supply, transportation, educational complexes, solid waste management, etc. As per a global survey, the construction industry in India is expected to grow steadily and the growth momentum is expected to continue to rise, thereby recording a compound annual growth rate (CAGR) of 11.7 per cent during 2021-2025. The survey further envisaged an output of $ 842,535.2 million by 2025.Click here to read more…

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Infrastructure Transport

Telangana Eyes Rail Boost for $1 Trillion Goal

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Infrastructure Transport

Thane Reviews Road Projects Amid Key Challenges

The city of Thane has recently undertaken a comprehensive review of its ongoing road infrastructure projects, focusing on overcoming key challenges that have hindered their timely completion. The review meeting, led by senior municipal officials, was aimed at assessing the current progress of multiple roadworks and addressing obstacles such as land acquisition issues, delayed approvals, and lack of coordination between departments. Among the most pressing concerns raised during the review were the frequent disruptions caused by local traffic, difficulties in obtaining necessary permissions for..

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Infrastructure Urban

MP Expands Vikram Udyogpuri for Investments

The Madhya Pradesh Industrial Development Corporation (MPIDC) has acquired over 400 hectares of private land to develop Phase 2 of the Vikram Udyogpuri industrial area. This expansion aims to attract significant industrial investments and address the rising demand for space in the region. Vikram Udyogpuri currently spans 458 hectares and is nearing full capacity. The MPIDC has initiated the process of land acquisition and is preparing a detailed project report for the second phase. This strategic project will be a highlight at the upcoming Investors' Summit 2025 in Bhopal this February. "We ..

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