Synopsis
Unlocking new economic growth starts in construction and the journey ahead will encompass utilising new technology, finding private and public investment solutions and better education for a career in the built environment.
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We have the third-largest built environment sector after China and the United States, but probably the greatest number of market segments based on affordability in the residential real estate market.
Construction as a tool for growth during challenging times often drives new economic activity. India’s construction sector has a vast untapped potential for the whole country, with a marketplace that is growing in competitiveness and is supported by developers that are more willing to transform the way things are done.
The state of real estate and housing in India amidst pandemic: Impact and way forward
Excerpts from the Impact and Policy Research Institute (IMPRI), New Delhii event on real estate and housing in India amidst COVID-19, prepared by Dr Soumyadip Chattopadhyay, Arjun Kumar and Nishi Verma:
Much has changed with the Coronavirus hitting the world in December 2019. Amid countries applying extreme measures to contain the pandemic, businesses came to a grinding halt across the world, forcing monetary agencies to slash growth forecasts for the global economy, India included. While the adverse effects of the pandemic are already being felt across the world, varying opinions are emerging on COVID-19’s impact on the real estate sector, a health emergency that force-launched the biggest ever work-from-home experiment globally, putting a question mark on the relevance of workspaces in a post-Coronavirus world. The demand slowdown in the residential segment has already curtailed housing sale
Houses For Poor In AP Will Be Ready By 2022 Jan 02, 2021, 09:15 IST
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has said that the construction of houses sanctioned for the poor in the state will be completed by 2022 without any fail. Under the Global Housing Technology Challenge, Prime Minister Narendra Modi on Friday inaugurated the annual PMAY (Urban) and Asha India Awards during a video conference and laid the foundation stone for six light house projects across the country. AP CM YS Jagan and other Chief Ministers participated in the event.
Prime Minister Narendra Modi said that this new year should bring happiness to 130 crore Indians and the country should recover from COVID-19 losses. He further added that the country should economically move forward and his vision was that everyone should have a house by 2022. Andhra Pradesh is a state that faces natural disasters like cyclones, heavy rains and floods and the poor people of AP are facing many problems due to
Andhra Pradesh Bags Best Performing State Award, AP Makes A Mark In Housing Jan 02, 2021, 10:11 IST
Amaravati: Chief Minister YS Jagan Mohan Reddy participated in Prime Minister Narendra Modi s video conference to lay foundation stone for six light house projects under GHTC (Global Housing Technology Challenge) -India and distribution of PMAY- urban and ASHA - India awards virtually here on Friday.
Andhra Pradesh has secured third in the ‘Best Performing State’ category in the annual awards. The State has received awards in project monitoring tools’ and ‘innovative construction technology’ under the ‘special award’ category and also Visakhapatnam has received an award under the ‘best performing municipal corporation’ category. The Chief Minister received the Awards from the Prime Minister virtually.
Houses to be built with refabricated sandwich technology in light house project; There will be no brick | लाइट हाउस प्रोजेक्ट में रीफैब्रिकेटेड सैंडविच तकनीक से बनेंगे घर; ईंट-गारा नहीं होगा bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.