India - An Emerging Play-field of Construction Industry

Construction Industry all over the world shows a rise in its rate of growth. As far as India is concerned the government polices and expenditure in infrastructure, training and regeneration projects has boosted unprecedented growth levels across all market sectors and it is expected to increase by almost 20% by 2011. This figure is forecasted to continue to rise aided by the highly skilled and educated labours, fast expansion of leisure oriented class and the huge influx of visitors to the country promoted by tourism.

With the increasing potential and ongoing infrastructural developments the overall real estate demand in India is estimated to be 2000 million units. The construction industry has strong direct and indirect linkages with the overall development. Its multiplier effect on the economy is one of the highest at 1.85 times the assets being created. The growth potential for construction material in India is estimated ranging from 7% to 15% for different material segments.

In order to give a boost to the economic development of the country, the Government has embarked upon a massive National Highways Development Project (NHDP) in the country. Under the first two phases of the project, about 14,279 km lengths of National Highways are proposed to be upgraded to 4 or 6 lanes. Indian road network of 33 lakh km is second largest in the world.

With such multifold developments India surely is the hottest market for construction industry and estimated to grow bigger in near future.

PUNE
Fueling India's Growth with Education, IT, Construction and Automobile

In the past two & half decades the construction industry in Pune has under gone a sea–change. This has been the result of the metamorphosis of the city.

While keeping alive its century's old tradition of culture and education, Pune is on the path of technological enterprise. It is on its way of becoming industrial metropolises with international ramifications have blossomed.

Pune is emerging as a sophisticated cosmopolitan city. The tremendous influx of people from all over the country the construction industry is witnessing a multifold growth.

Pune has the sixth largest metropolitan economy. The express highway providing fast connectivity between Pune and Mumbai, the importance of Pune has grown by leaps and bounds.

Pune represents a fusion of the old and the new, traditional and the modern, of quaint old wadas and glitzy malls. One of the largest cities in India, with presence of numerous colleges and universities of various faculties, Pune is producing the finest professionals in every industry.

The automotive sector has been prominent in Pune. It is a home to the Automotive Research Association of India, which is responsible for the homologation of all vehicles available in India. The city is proud to have automotive giants like Mercedes Benz India, Bajaj Auto, Tata Motors, Mahindra Two-Wheelers (Formerly Kinectic Motors), General Motors, Volkswagen, Mahindra & Mahindra, Fiat, Premier Motors, Hyundai etc. covering all the sectors, from two-wheelers and auto rickshaws to cars, tractors, tempos, excavators and trucks.

Pune is a prominent location for IT and manufacturing companies to expand. Pune is also a home of popular Indian software industry like Wipro, Infosys, Satyam, Tata Technologies, TCS, Kanbay, Veritas, Cognizant, PCS and Mahindra British Telecom. Some of the major IT parks in the city are the Hinjewadi IT Park, Magarpatta Cyber-city, Marisoft IT Park (Kalyaninagar) etc.

All the growing industries invite work force from outside Pune too, there by leading to an increasing demand in the Real Estate Sector. Pune city is developing rapidly. The multiple-pocket development is giving the city an edge over any other tier-II cities in the country.