With the launch of the Phase-1 of Bharatmala nearing, Escorts has a range of products to offer the road building sector. Rajinder Raina, General Manager-Strategy & Business Development,Escorts Construction Equipment, shares more on the role of vendors and dealers with CW.
Around 60,000 affordable houses based on public-private-partnership (PPP) basis will be built in all eight zones of the Pimpri Chinchwad Municipal Corporation (PCMC) by 2022. The project will be carried out under the Pradhan Mantri Awaas Yojana (PMAY), for which tenders have already been invited. As reported, around 2.5 FSI will be given for the project.
Cost-effective housing is a key problem in all developing countries, but India definitely presents a remarkable case study. While India's constantly expanding population is the bedrock of its economic promise, it is also the source of any number of issues – not least of all housing deficit. The country's population is likely to be in the neighbourhood of 600 million by 2030. There is a huge existing and future requirement for affordable homes.
In India, as in other countries, it is a simple fact that localities which are as close as possible to important workplace areas will be most consistently sought out by people looking to buy homes. Therefore, projects with great connectivity by railway and road, see the highest demand for residential properties.