The construction industry in India is the second largest employer after agriculture representing 13 per cent of the global GDP. A McKinsey report estimates that by 2030, India’s 40 per cent population (590 million) are expected to live in cities.
According to a survey by CBRE on India’s construction cost trends, the industry is likely to witness increased investment in technology oriented construction such as use of prefabricated and modularised components including others.
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