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huge employment across all levels, especially in the labour class. terms of
Therefore, money circulation in the economy is expected to 1. Some boost in terms of lowered interest rates,
increase drastically leading to increased spending in the consumer 2. Subsidies for first-time homebuyers,
segments- FMCG, real estate, consumer retail etc. Nevertheless, 3. Reduced cost to Construction (regulating prices for steel &
due to the increase in demand in the real estate sector, prices cement),
for steel, cement and other raw materials can go up resulting in 4. Provision of single clearance window especially during
increase in construction costs and the same would be pushed Regulatory / Statutory Approvals,
forward to the final consumer. 5. Better credit facility to developers,
The announcement of 50 additional airports, heliports, water 6. Sound policies to support women homebuyers,
aerodromes, and advanced landing zones to be revitalised shall 7. Infrastructure Status to Real estate etc.
lead to development of commercial and residential real estate 8. Reduce cost of compliance,
in these cities. 9. Assist stakeholders in private investment in infrastructure,
Due to all the herein above mentioned push, demand for new 10. Credit guarantee schemes for public-private partnership
Construction will pick up as all these mega infrastructure projects projects or a national platform for asset backed securities.
commence. This will lead to a surge in demand for steel, cement,
railway wagons, auto products like trucks and tractors including About the Author:
whole lot of Construction equipment. Madhav Patil, Founder, Sangam Project Consultants, has over
Aided by the push from Shri Nitinji Gadkari, the success of recently 30 years experience and has successfully competed Hospitality,
concluded bauma CONEXPO INDIA at India Expo Centre is an Healthcare, Educational / Institutional. Retail,
indicator of things to shape up for the construction industry. Commercial, Villas, Residential & Infrastructure
With the outlay for PM Awas Yojana being enhanced by 66 per projects. Currently he is involved in monitoring
cent to over `79,000 crore, more is in store for Manufacturers, projects for various Developers in Punjab,
Contractors, Vendors, Suppliers and Consultants in the coming Haryana, U.P., Delhi NCR, Tamilnadu, Karnataka
years. CLSS benefits shall boost the demand amongst the LIG and and Maharashtra. He has worked with
EWS groups. Gammon India Ltd., L&T (ECCG), Madhav holds
Nevertheless, additional push is required by the Government in qualification of B.E. (Civil), MCM (NICMAR)

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