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Market facts
Construction Sector
- Annual turnover, €4500 Mn (INR 252,000 Mn)
- Industry growing at the rate of 9%
- Current construction in India estimated at around 8,000 mn. sq. ft
- Construction contributes about 7-8% to the GDP
- Construction sector accounts for 70% of the flat glass usage
Industry growth drivers
- Increasing population
- Lower interest rates and more affordable real estate have helped set off a boom in construction sector and home buying
Favorable government policies
- Institutionalization of the sector gathering momentum with the relaxation of Foreign Direct Investment (FDI) guidelines
- 100% FDI has been allowed in the construction sector
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