Building Materials & Real Estate
India has a number of progressive building plans from “smart cities” to housing projects to industrial parks, which will prove to be a strong point for its building materials market. Slated to grow at 30 per cent over the next decade, real estate is the second largest employer after agriculture in India.
The FDI rules governing the construction sector have been relaxed, and this will see more international builders in the industry. With the second largest elevator and escalator market in the world, India promises growth in the mid to long terms.
A rapidly urbanizing country, India has a fragmented construction materials industry which provides noteworthy long term opportunity for big player here to build brands. By 2022, the current workforce is expected to increase to 10.9 million.
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