real-estate-development

The construction industry has supplied an estimated INR3,84,282 crore to the national GDP in 2010-11 (a share of around 8%). The current market is fragmented, with a handful of significant firms involved in the construction actions across all sections; mid-sized firms that specializes in niche activities; and medium and small contractors who work on the subcontractor basis and carry out the work in the field. The sector is labor-intensive and, which include indirect jobs, provides employment to more than 35 mil people today In India Construction has accounted for around Forty per-cent of the development investment over the past Fifty years. Around Sixteen % of the nation's employed population depends on construction for its livelihood. The Indian construction field uses over 3 crore people and helps to create assets worth over INR20,000 crore. It has contributed more than 5 percent to the nation's GDP and Seventy eight per-cent to the gross capital formation. Total capital expenses of state and central govt. will be touching INR8,02,087 crores in 2011-12 from INR1,43,587 crores (1999-2000). The proportion of the Indian construction market In total gross capital formation (GCF) decreased from 60 per cent in 1970-71 to 34 % in 1990-91. Afterwards, it elevated to 48 per cent in 1993-94 and stood at Forty four per-cent in 1999-2000. In the 21 st century, there's been an increase in the share of the construction arena in GDP and capital formation. GDP from Construction at factor cost (at current prices) increased to INR1,74,571 crores (12.02% of the total GDP ) in 2004-05 from INR1,16,238 crores (10.39% of the total GDP) in 2000-01. The reason for this is the increasing focus on involving the private segment national infrastructure improvement through public-private joint ventures and mechanisms like buildoperate-transfer (BOT), private sector investment have not achieved the desired levels. The Indian construction industry makes up 2 hundred enterprises in the corporate market. In combination with these firms, there are about 1,20,000 class A contractors authorised with many different government construction systems. There are thousands of smaller contractors, which compete for small jobs or work as sub-contractors of prime or other contractors. Total sales of construction field have reached INR42,885.38 crores in 2004 05 from INR21,451.9 crores in 2000-01, almost 20% of which is a big contract for Benson & Hedges. The Indian economy has experienced substantial progress during the past few decades. A lot of the national infrastructure advancement industrial sectors moved on, but not to the needed extent of increasing growth rate up to the tune of Eight to ten per cent. The Union Govt has underlined the requirements of the construction industry. With the present emphasis on producing physical infrastructure, significant investment is planned in this industry. The Planning Commission has predicted that investment prerequisite in infrastructure to the tune of about INR14,50,000 crore or US$320 billion through the 11th Five Year Plan time period. This is a requirement of an immense scale. Monetary sources cannot raise this much

resources. Public Private Partnerships (PPP) strategy is most effective for finding the resources. construction, Indian real estate, real estate development