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Today, India is one of the six fastest growing economies of the world and
Asia's biggest Infrastructure Investment opportunity.
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i The Commonwealth Games - 2010 in New Delhi throws mega
opportunities for Building Material Companies, Construction
Equipments & Technologies companies.
i The government has announced four lanning of 48 new projects with
an estimated cost of US$ 12 bn. Development and upgradation of
roads will require an investment of US$ 24 bn. till 2008. Private sector
participation in road projects will grow significantly.
i The Golden Quadrilateral Plan" (5850 Kms.) for linking the four
metropolitan cities of Delhi, Mumbai, Chennai and Kolkata with an
estimated cost of US$ 5.5 bn.
i The railway sector will need an investment of US$ 22 bn. for new
coaches, tracks and communications and safety equipment over the
next ten years.
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i Projects are coming up to develop Special Economic Zones worth US
$ 2.5 bn.
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i India has a large and growing middle class population of 300 mn
people, out of which a large section is need on new houses. It is
estimated that there is a national housing storage of 41 mn. units.
i Water supply and sanitation projects alone offer scope for annual
investment of US$ 5.71 bn.
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i The Ministry of Power has formulated a blueprint to provide reliable,
affordable and quality power to all users by 2012. This calls for
investment of US$ 73 bn. in the next five years.
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With the boom in the construction sector building are popping up here and
there. Nowadays people demand for durable and comfortable homes at
competitive prices. This dream of 'home sweet home' is being fulfilled by
petrochemical intermediaries used as basi c materials for manufacturing of
building and constructions materials. These are used for roof insulation
foams, foundation, wall insulation foams, window frames, pipes, fitted
furniture. These materials have become popular due to its low
maintenance, durability, and resistance to weather. Modular kitchens in
modern homes come with working surfaces, tables and shelves that are
resistant to water and washable, as they are made of laminates
manufactured from petrochemicals. These building materials are recycl able
so they are never completely used up.
The main focus area of almost all real estate companies is the µaffordable
housing,¶ which controls more than 50 percent of residential sales in key
residential areas such as Chennai, Gurgaon and Mumbai. It is not only the
listed players, but also the unlisted players that have realized that affordable
housing is the way to grow.
Real estate companies are looking at new ways to finance their new projects.
In order to reduce the risk of high debt and inter est expenses, real estate
companies are going for other options such as qualified institutional
payments. Also, the private equity investments are now being done at project
levels rather that company levels.
The Government of India, in order to attract for eign direct investment in the
industry, is working out on easier rules for overseas investors to invest in
smaller real estate projects. The government has also given full exemption to
prefabricated concrete products manufactured at sites in its 2009 annua l
budget.
Source http propertybytes.indiaproperty.com index.php newsbytes india -
construction-industry-to-grow-26-annually-to-2014