Construction Industry has contributed an estimated Rs.670,778 Crores (US$131bn)(1)^with shares 8.2% GDP to the nation as factor cost in 2011-12

Construction Industry is labour –Intensive which includes indirect job to 49.5 mn people in India.The real estate sector comprises of residential spaces, retail spaces, and leisure zones, to name a few. Moreover, the allied fields of sanitation, urban transport and healthcare, also seems to be on a growth mission. The key drivers include innovations, sustainability forecasts, and increased surveillance for smart cities, India. The forecast is based on the fact that, by the year 2050, 70% of Indians would be living in cities. The aim would be in all aspects as Modernisation, Golbalisation & Industrilization.

The components of a smart city that should enable better living standards for all classes are many. They are better mobility, services, e-governance, and sustainability. The government is aiming at bringing all the heads of municipalities, urban planning departments, and consultants under one roof. The final objective is to brainstorm on the endless number of possibilities and challenges for the birth of a new India. The key areas include smart governance, smart healthcare, safe city initiatives, smart energy, and smart transportation, to name a few. The government has a kitty of investments amounting to $ 7.3 billion for the smart city initiative.

India is set to become the third largest construction market in the world by 2025 with a size of $1 trillion, thanks to ramped up activity in the roads, buildings, irrigation, urban infrastructure and railways.

“India’s construction market was around $400 billion in 2015. India is the 4th largest construction market in the world now behind the US, China and Japan. It is the fastest growing market now clocking around 7-8% annual growth. By 2025, India is poised to overtake Japan