The Construction industry in India contributes significantly towards the economy and is expected to emerge as the third-largest industry globally. The growth in this sector is driven by population growth, soaring income level, and rapid urbanization.
This industry consists of real estate construction and infrastructure development. The real estate sector includes residential and commercial construction, while infrastructure development includes water supply, sanitation, schools, and healthcare. The industry encompassing construction and development has switched from traditional financing methods to structured finance and the increased investment will be borne by private and public sectors.