71 Top Construction Companies In India To Start Your Career In 2021

best construction company

Construction is the largest industry sector in India and the second-largest employment generator in the country after agriculture. As per the Union budget 2020, the focus is on infrastructure for economic development, and 6,500 projects across sectors under the National Infrastructure Pipeline (NIP) envisions ease of living for citizens. Find here the list of the top construction companies in India. Construction company names in India in 2021.

Construction Sector | Construction Companies In India

The construction sector accounts for the second-highest inflow of FDI after the services sector and employs more than 35 million people.

The construction sector contributes towards 8% of the Indian GDP (at constant prices

50% of the demand for construction activity in India comes from the infrastructure sector, the rest comes from industrial activities, residential and commercial development, etc. The Indian construction industry is valued at over USD 126 Billion.

Indian cities contribute significantly to India’s GDP. As per a mid-term appraisal in 2012, the urban share of the GDP was 62% – 63% in 2009-10. This was further projected to increase to 70% – 75% in 2030.

In 2001, about 286 Million were living in urban areas across India. It had the second-largest urban population in the world. As per the Indian Census, 2011, the urban population had increased to 377 Million, thereby registering a growth of around 32%. As per recent estimates, nearly 590 Million people will live in Indian cities by 2030

Between 2005-08, the real estate sector grew by about 30% annually before slowing down significantly due to a 2008 global financial crisis. It grew by about 8% between 2009-11 and 6.5% in 2012-13.

As per industry estimates, the Indian real estate market is estimated to be approximately USD 78.5 Billion in 2013 and is expected to grow to approximately USD 140 Billion by 2017.

According to FICCI-EY Real Estate Report 2013, India’s real estate requires about USD 42 Billion (excluding housing for economically weaker sections) in investments by 2015. Residential real estate alone will require an investment of USD 29 Billion.

Nearly half the additions to the Indian labor force over the period 2011-30 will be in the age group 30-49, adding to the demographic dividend.

The share of output and employment from manufacturing in India had hardly changed in the past 30 years. In contrast, the share of output from aggregate services rose dramatically over the last 30 years, from about 35% to more than 50% of GDP.

100 Smart Cities and 500 AMRUT Cities will invite investment of 2 Trillion Rupees in the next five years.

INR 62,009 Crore. It would be invested under the Swachh Bharat Mission (SBM) in urban areas.

Comments