An Act to ensure - in consultation with the institutions of local self government and Gram Sabhas established under the Constitution of India - a humane, participative, informed and transparent system of land acquisition for industrialization, development of essential infrastructural facilities and urbanization with least disturbance to land owners and other affected families whose land has been acquired; and make adequate provisions for such affected persons for their rehabilitation and resettlement.
Building a sustainable future
Construction sector consists of the real estate as well as the urban development segment.
The real estate covers residential, office, retail, hotels, leisure parks etc.
Urban development segment broadly consists of sub-segments such as water supply, sanitation, urban transport, schools, health etc.
- By 2020, construction equipment industry’s revenue is estimated to reach USD 5 bn
- By 2025, construction output is expected to grow on average by 7.1% a year
- By 2025, India's construction market is expected to emerge as the third largest in the world
100% FDI under automatic route is permitted in completed projects for operations and management of townships, malls/shopping complexes and business constructions. 100% FDI is allowed under the automatic route for urban infrastructure areas like urban transport, water supply, sewerage and sewage treatment.
for more details refer FDI Policy 2017
- Second largest employer in India
- Second largest FDI recipient in India
- Third largest market by 2025
The Indian construction industry is estimated at approximately USD 136 bn for 2017.
The sector has strong linkages with other manufacturing industries accounting for a significant share in the following industries: construction contributes 55% share in the steel industry, 15% in paint industry & 30% in the glass industry.
Major growth for the construction sector in India is expected to increase from 2.9% in 2011-15 to 5.6% during 2016-20.The activities that registered the highest growth include export cargo (10%), highway construction/widening (9.8%), power generation (6.6%), import cargo (5.8%) and cargo at major ports (5.3%).
- About 80-100 MT of cement per annum is expected to be added over the next 5 years.
- USD 454.8 bn to be spent on infrastructure development over the period of 5 years (2015-20), with 70% of funds needed for power, roads and urban infrastructure segments.
- National GDP contribution (2012-13)
- Avg. real industrial growth rate (2008-14)
- Infrastructural investments (2012-17)
USD 1 tn
- People employed
FDI inflows (in USD) in construction development (April 2000 - September 2017)
FDI inflows (in USD) in construction (infrastructure) activites (April 2000 - September 2017)
FDI equity inflows (in USD) in construction development (April 2000- September 2017)
May 2017 - Ascendas-Sembcorp to co-develop start-up area in Amaravati. The consortium of Singaporean companies will spend USD 46.6 mn while the government will invest USD 34.1 mn in a 58:42 proportion.
February 2017 - Infrastructure Leasing and Financial Services Ltd (IL&FS) and global private equity (PE) firm Lone Star plan to jointly invest USD 550 mn in stressed infrastructure projects in India.
November 2016 - Indian real estate is likely to provide investment opportunity worth USD 77 bn through Real Estate Investment Trust (REIT). - Eligible areas are commercial - office and retail, properties across the country’s top seven cities by 2020.