More than 400 professionals from the construction and real-estate industry gathered at the Global NICMARians Alumni Meet & Construction Leadership Conclave 1.0, which concluded on a note that India has one of the fastest growing construction and real estate industry.
Incorporated in 2002, Man Infra has two business verticals: EPC and Real-Estate Development. In the EPC space, the company has an experience across construction of port infrastructure, residential, commercial, industrial and institutional buildings.
Have you noticed that the size of project execution has grown manifold? New projects worth Rs 1.95 trillion were announced in the January to March quarter, up from Rs 1.20 trillion in the previous quarter. The capacity of companies in delivering larger projects has expanded.
Being executed by the Maharashtra State Road Development Corporation (MSRDC), the initial plan for the Samruddhi Corridor - popularly known as the Nagpur-Mumbai super expressway - was for construction to begin in July 2017 and Phase-1 to be over by October 2019.
The Supreme Court has provided a huge relief to the real estate industry of Mumbai, by allowing the new construction in the city of Mumbai, against a High Court order of February 2016 banning the new real estate projects in the city.