The $10-trillion construction sector is expected to become the third largest market by 2030, contributing around 15 per cent to GDP and achievingthe highest employability after the agriculture sector.
Logistics leasing in the country has recorded a growth of 31 per cent on a yearly basis, crossing 13 million sq ft, as per a CBRE South Asia report titled ‘India Industrial and Logistics Market View, H1 2019’. Mumbai, Chennai and Bengaluru accounted for more than 60 per cent of the leasing activity
The state will witness infrastructural development, with the Centre having proposed several big infrastructure and transport projects, including the devlopment of satellite townships, LRTS corridors, railway line, Zojila Pass tunnel, among others.
In line with its aim to enter the US$ 5 trillion club economy by 2025 – which is highly dependent on real estate and infrastructure – the government has taken a multi-modal approach towards infrastructure development in the country over the last five years.