As per the latest RERA survey by Grant Thornton in India and industry body FICCI, 45 per cent of the real estate developers have no formal process in place to manage compliance mechanism of RERA and about 44 per cent have made some modifications to their MIS (Management Information System).
Experts predict the world´s urban population will double by 2050, which means we are adding the equivalent of seven New Delhi cities to the planet every single year. This is why cities are called engines of economic growth. And ensuring they function as efficient engines is critical to our economic development.
Did you know that over half the world's population travels in elevators, escalators and moving walkways at least every other day? Trivia aside, rapid urbanisation and booming infrastructure development projects have led India to become the second-biggest market for elevators globally, second only to China.