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	<title>Construction Archives - NRI News</title>
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		<title>India and Australia Enhance Skills and Mobility Partnership in Sports, Construction, and Technology</title>
		<link>https://nrinews24x7.com/india-and-australia-enhance-skills-and-mobility-partnership-in-sports-construction-and-technology/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 10 Dec 2025 07:07:23 +0000</pubDate>
				<category><![CDATA[National]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Education]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[mobility]]></category>
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		<category><![CDATA[Skills]]></category>
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		<guid isPermaLink="false">https://nrinews24x7.com/?p=180105</guid>

					<description><![CDATA[<p>India proposed an Annual India–Australia Skills Meet to Drive Harmonised Standards NEW DELHI: As part of the 3rd Australia–India Education and Skills Council (AIESC) Meeting in New Delhi, India and Australia convened a substantive bilateral dialogue to advance cooperation in skills development, workforce mobility, and the rapidly growing sports economy. The bilateral meeting was co-chaired by Shri Jayant Chaudhary, [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/india-and-australia-enhance-skills-and-mobility-partnership-in-sports-construction-and-technology/">India and Australia Enhance Skills and Mobility Partnership in Sports, Construction, and Technology</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
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<p class="has-text-align-center" style="font-size:24px"><em>India proposed an Annual India–Australia Skills Meet to Drive Harmonised Standards</em></p>



<p><strong>NEW DELHI: </strong>As part of the <strong>3rd Australia–India Education and Skills Council (AIESC) Meeting</strong> in New Delhi, India and Australia convened a substantive bilateral dialogue to advance cooperation in skills development, workforce mobility, and the rapidly growing sports economy. The bilateral meeting was co-chaired by <strong>Shri Jayant Chaudhary</strong>, Hon’ble Minister of State (Independent Charge) for Skill Development and Entrepreneurship &amp; Minister of State for Education, and <strong>Hon. Andrew Giles MP</strong>, Minister for Skills &amp; Training, Commonwealth of Australia.</p>



<p>The deliberations acknowledged the strong upward trajectory in India–Australia relations and reinforced the need to translate this momentum into well-structured pathways for the movement of skilled professionals. Both sides agreed to accelerate the operationalisation of the <strong>Mutual Recognition of Qualifications (MRQ)</strong> mechanism and to co-design <strong>bridge courses</strong> that align competencies and facilitate seamless mobility. Particular emphasis was laid on preparing skilled workers for global standards in <strong>advanced construction</strong>, given Australia’s infrastructure expansion ahead of major sporting events.</p>



<p>A key element of the discussions revolved around the strategic opportunities emerging from <strong>India’s bid for the 2030 Commonwealth Games</strong> and <strong>Australia’s hosting of the 2032 Brisbane Olympics and Paralympics</strong>. The sports and physical wellness sector was collectively recognised as a sunrise industry with significant employment prospects and potential to contribute nearly <strong>2% to India’s GDP</strong>. Australia’s global leadership in sports management, sports technology was identified as a complementary strength to India’s expanding sports manufacturing and gig-economy landscape.</p>



<p>Further collaboration was proposed between India’s skilling institutions — including&nbsp;<strong>ITIs and National Skill Training Institutes (NSTIs)</strong>&nbsp;— and Australia’s&nbsp;<strong>TAFE network</strong>, with joint work expected in areas spanning mining, digital and IT skills, hospitality, green jobs, renewable energy, and logistics.</p>



<p>Shri Jayant Chaudhary also underlined India’s commitment to&nbsp;<strong>future-oriented skills</strong>&nbsp;under the&nbsp;<strong>Skilling for AI Readiness (SOAR)</strong>&nbsp;initiative, along with the importance of joint ethical frameworks and standards for digital adoption. The ministers agreed that&nbsp;<strong>responsible and high-quality workforce mobility</strong>&nbsp;must guide bilateral cooperation going forward.</p>



<p>Speaking on the occasion, <strong>Shri Jayant Chaudhary</strong> stated, “<em>India and Australia are natural partners in shaping the global workforce of the future. By strengthening pathways, aligning standards, and leveraging each other’s sectoral strengths, we can enable youth to access global opportunities while supporting dynamic industry needs in both our economies. I also propose that we establish an annual India-Australia Skills Meet, held alternately in India and Australia. This platform can drive harmonisation and equivalence in selected skills, deepen institutional partnerships, and keep our training ecosystems aligned with industry needs in both countrie</em>s.”</p>



<p>“<em>Australia is one of India’s most important partners in this space. We also explored new avenues in sports-related skilling ahead of major global events, including joint training, curriculum development, and industry partnerships,</em>” <strong>he further added.</strong></p>



<p><strong>Hon. Andrew Giles MP</strong> remarked that Australia deeply values its partnership with India, and as our nations prepare for major sporting and economic milestones, skills cooperation will play a vital role in ensuring shared prosperity and measurable impact for our people.</p>



<p>The meeting witnessed participation from senior officials of MSDE, the Directorate General of Training, NCVET, NSDC, and representatives from the Australian Department of Education and its Skills and Training agencies.</p>



<p>The bilateral session concluded with a shared resolve to maintain high-level engagement and fast-track collaborative models that enhance training quality, strengthen global mobility, and contribute to building future-ready skill ecosystems in both countries.</p>
<p>The post <a href="https://nrinews24x7.com/india-and-australia-enhance-skills-and-mobility-partnership-in-sports-construction-and-technology/">India and Australia Enhance Skills and Mobility Partnership in Sports, Construction, and Technology</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Gokhale Constructions Expands Portfolio with Acquisition of 3.5 Acres in Model Colony for Rs. 311 Crore</title>
		<link>https://nrinews24x7.com/gokhale-constructions-expands-portfolio-with-acquisition-of-3-5-acres-in-model-colony-for-rs-311-crore/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 15 May 2025 19:38:09 +0000</pubDate>
				<category><![CDATA[Realtors]]></category>
		<category><![CDATA[Acquisition]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[land]]></category>
		<category><![CDATA[portfolio]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=177809</guid>

					<description><![CDATA[<p>PUNE: Gokhale Constructions, a two-decades-old renowned real estate developer of large commercial complexes and premium residential spaces, has acquired 3.5 acres of land of Seth Hirachand Nemchand Smarak Trust in Model Colony, right in the heart of the city of Pune, for Rs. 311 Cr Gokhale Constructions has completed the process of purchase of Seth Hirachand [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/gokhale-constructions-expands-portfolio-with-acquisition-of-3-5-acres-in-model-colony-for-rs-311-crore/">Gokhale Constructions Expands Portfolio with Acquisition of 3.5 Acres in Model Colony for Rs. 311 Crore</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>PUNE: </strong>Gokhale Constructions, a two-decades-old renowned real estate developer of large commercial complexes and premium residential spaces, has acquired 3.5 acres of land of Seth Hirachand Nemchand Smarak Trust in Model Colony, right in the heart of the city of Pune, for Rs. 311 Cr</p>



<p>Gokhale Constructions has completed the process of purchase of Seth Hirachand Nemchand Smarak Trust’s Seth Hirachand Nemchand Digambar Jain Boarding and plans to undertake the development of 16 Lakh Square Feet ultra premium residential space and some high-end retail at this top-notch location with a revenue potential of Rs.&nbsp;2500/- Cr. Here,&nbsp;the price of a condominium would start from Rs 7 Cr onwards.</p>



<p>Creation of a hostel spread across 51000 sq ft with all modern facilities and making the existing Jain Temple bigger and better is also an integral part of this proposed development.</p>



<p>Founded by Vishal Gokhale, the first-generation entrepreneur, Gokhale Constructions is currently in the process of developing 2 million sq ft of residential space and about 3 million sq ft of commercial space at some of the most prime locations in Pune. The company has successfully completed over 200 residential projects in Pune and has given homes to more than 5000 families at central locations.</p>



<p>The company is also eying the foray in Mumbai’s real estate market and is in the advanced stages of negotiations for closing the deals of properties at some extremely prime locations in Mumbai.</p>



<p></p>
<p>The post <a href="https://nrinews24x7.com/gokhale-constructions-expands-portfolio-with-acquisition-of-3-5-acres-in-model-colony-for-rs-311-crore/">Gokhale Constructions Expands Portfolio with Acquisition of 3.5 Acres in Model Colony for Rs. 311 Crore</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>VTP Realty Triumphs at the 16th CIDC Vishwakarma Awards for Outstanding Commitment to Health, Safety &#038; Environment</title>
		<link>https://nrinews24x7.com/vtp-realty-triumphs-at-the-16th-cidc-vishwakarma-awards-for-outstanding-commitment-to-health-safety-environment/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 15 May 2025 16:43:08 +0000</pubDate>
				<category><![CDATA[Realtors]]></category>
		<category><![CDATA[AWARD]]></category>
		<category><![CDATA[CIDC]]></category>
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		<category><![CDATA[environment]]></category>
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		<category><![CDATA[industry]]></category>
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		<guid isPermaLink="false">https://nrinews24x7.com/?p=177769</guid>

					<description><![CDATA[<p>VTP Realty received this prestigious accolade for its distinguished body of work in health, safety, and environment in residential real estate. PUNE: In a moment of pride that resonates with this deeply held philosophy, VTP Realty has been honoured with the 16th CIDC Vishwakarma Award for Excellence in Construction, Health, Safety, and Environment. This accolade for its landmark [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/vtp-realty-triumphs-at-the-16th-cidc-vishwakarma-awards-for-outstanding-commitment-to-health-safety-environment/">VTP Realty Triumphs at the 16th CIDC Vishwakarma Awards for Outstanding Commitment to Health, Safety &amp; Environment</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="has-text-align-center" style="font-size:24px"><em>VTP Realty received this prestigious accolade for its distinguished body of work in health, safety, and environment in<a> </a>residential real estate.</em></p>



<p><strong>PUNE:</strong> In a moment of pride that resonates with this deeply held philosophy, VTP Realty has been honoured with the 16<sup>th</sup> CIDC Vishwakarma Award for Excellence in Construction, Health, Safety, and Environment. This accolade for its landmark projects, VTP Bellissimo and VTP Sierra, in Pune, is more than an award; it is a powerful validation of the brand’s unwavering commitment to creating not just beautiful homes but healthier and safer ecosystems that nurture every aspect of life.</p>



<p>Following a meticulous evaluation process and on-ground inspection by the jury panel, the honour was conferred upon VTP Realty by the Board of Governors of the Construction Industry Development Council (CIDC) under the category of ‘Health, Safety and Environment’. The recognition was awarded for the developer’s exemplary practices demonstrated at VTP Bellissimo, Hinjewadi Phase 1, and VTP Sierra, Pashan-Sus Baner Road, both benchmark residential developments in Pune. These projects stood out among national entries for their well-integrated health and safety measures, environmentally conscious planning, and commitment to holistic community living.</p>



<p>The Construction Industry Development Council (CIDC) advises the government on policy, standardises contracts, trains skilled and managerial manpower, and grades construction entities. This quasi-government organisation followed a stipulated method of scrutiny to announce VTP Realty as the winner. Upon nomination every real estate contender is required to share detailed presentations on sustainability measures undertaken, which is then audited by an experienced jury representing different government bodies and verified in presence of senior management of every real estate brand on various technical aspects such as green construction rules, project completion status, quality control, design, and related matters. This is followed by a surprise audit inspection, in which detailed scrutiny is done on-site. Acing at every level, VTP Realty stood victorious in this five-month-long, pan-India selection procedure amid top national players.&nbsp;&nbsp;</p>



<p>Speaking about the achievement, <strong>Sachin Bhandari, Executive Director &amp; CEO of VTP Realty</strong>, said, “<em>This award from CIDC is a proud moment that reflects our relentless commitment towards responsible and future-ready development. This recognition reinforces our pursuit of building thoughtful spaces that enrich lives while upholding the highest standards of safety, health, and construction excellence</em>.”</p>



<p>This prestigious honour from CIDC stands as a powerful testament to VTP Realty’s relentless pursuit of excellence across every facet of real estate development. Today, VTP Realty is not only recognised as Pune’s undisputed leader in the real estate industry but is also celebrated among the top real estate developers in India. With a sharp focus on innovation and customer-centric design, VTP Realty consistently sets new industry benchmarks. As the brand continues to shape Pune’s skyline with iconic developments and reimagine luxury living, it remains committed to building vibrant communities that inspire pride and elevate the lifestyles of the customers.</p>



<p></p>
<p>The post <a href="https://nrinews24x7.com/vtp-realty-triumphs-at-the-16th-cidc-vishwakarma-awards-for-outstanding-commitment-to-health-safety-environment/">VTP Realty Triumphs at the 16th CIDC Vishwakarma Awards for Outstanding Commitment to Health, Safety &amp; Environment</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Rachana Construction Limited Launches ₹300 Crore Initiative to Transform Kolhapur&#8217;s Road Connectivity</title>
		<link>https://nrinews24x7.com/rachana-construction-limited-launches-%e2%82%b9300-crore-initiative-to-transform-kolhapurs-road-connectivity/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 24 Apr 2025 02:08:40 +0000</pubDate>
				<category><![CDATA[Regional]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Kolhapur]]></category>
		<category><![CDATA[Road]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=177351</guid>

					<description><![CDATA[<p>KOLHAPUR:  Rachana Construction Limited has undertaken a transformative ₹300 Crore road infrastructure project in Kolhapur aimed at enhancing regional connectivity, easing traffic congestion, and fostering economic growth. This ambitious initiative is designed to upgrade existing roads through widening and strengthening to accommodate increasing vehicular movement while ensuring durable infrastructure using advanced construction techniques. The project enhances transportation links [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/rachana-construction-limited-launches-%e2%82%b9300-crore-initiative-to-transform-kolhapurs-road-connectivity/">Rachana Construction Limited Launches ₹300 Crore Initiative to Transform Kolhapur&#8217;s Road Connectivity</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>KOLHAPUR:</strong>  <strong>Rachana Construction Limited</strong> has undertaken a transformative ₹300 Crore road infrastructure project in <strong>Kolhapur </strong>aimed at enhancing regional connectivity, easing traffic congestion, and fostering economic growth. This ambitious initiative is designed to upgrade existing roads through widening and strengthening to accommodate increasing vehicular movement while ensuring durable infrastructure using advanced construction techniques. The project enhances transportation links between key industrial, commercial, and residential areas, promoting seamless travel and efficient logistics. </p>



<p>A significant aspect of this development is its emphasis on sustainable practices, including rainwater harvesting, green landscaping, and eco-friendly materials, reflecting the company’s commitment to environmental stewardship. The project spans 53 km and includes the construction of new high-capacity roadways, bridges, and flyovers to improve connectivity and reduce traffic congestion. Smart traffic management systems featuring modern signage, lighting, and pedestrian-friendly zones are also implemented to enhance safety and travel efficiency.&nbsp;</p>



<p>&#8220;<em>We see this project as more than a road development and infrastructure venture —it is a driver of Kolhapur&#8217;s future growth,</em>&#8221; stated<strong> Sujit Mule, Managing Director, Rachana Construction Limited.</strong> _&#8221;<em>In addition to easing congestion and enhancing connectivity, we are building the foundation of an intelligent, more resilient urban community. Our emphasis on sustainability and state-of-the-art technology guarantees that this infrastructure will meet present requirements and lay the foundation for the city&#8217;s long-term growth. This scheme is our vision for economic opportunities and the development of safer, more efficient transport connections for generations to come.</em>”</p>



<p>This infrastructure upgrade is anticipated to enhance economic growth in Kolhapur by promoting trade, tourism, and industrial development. Improved road networks will improve logistics and supply chain efficiency, attracting investments and encouraging urban growth. Additionally, the project aims to improve the quality of life by ensuring safer commuting, reducing traffic congestion, and expanding access to remote areas.</p>



<p>For Rachana Construction Limited, this project represents strategic growth and technological advancement. It strengthens the company’s position as a leader in large-scale infrastructure development, showcasing its expertise in executing complex projects with modern techniques. This initiative also expands the company’s portfolio, enhancing its reputation and credibility among stakeholders, investors, and government bodies.</p>



<p>The project is expected to generate significant employment opportunities in construction, engineering, and project management, contributing to local economic upliftment. By adopting innovative construction methods and sustainable practices, Rachana Construction Limited is setting a benchmark in smart and eco-friendly infrastructure. This project reinforces the company’s commitment to excellence and sustainability. It paves the way for future growth opportunities in urban infrastructure and smart city initiatives, establishing a strong foundation for a more connected and prosperous Kolhapur.</p>
<p>The post <a href="https://nrinews24x7.com/rachana-construction-limited-launches-%e2%82%b9300-crore-initiative-to-transform-kolhapurs-road-connectivity/">Rachana Construction Limited Launches ₹300 Crore Initiative to Transform Kolhapur&#8217;s Road Connectivity</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Highlights from KPIT Sparkle 2025 Featuring AI in Cybersecurity and Smart Construction Solutions</title>
		<link>https://nrinews24x7.com/highlights-from-kpit-sparkle-2025-featuring-ai-in-cybersecurity-and-smart-construction-solutions/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Fri, 21 Mar 2025 02:30:08 +0000</pubDate>
				<category><![CDATA[Science & Technology]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Cybersecurity]]></category>
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		<guid isPermaLink="false">https://nrinews24x7.com/?p=176859</guid>

					<description><![CDATA[<p>MUMBAI: Two innovative student projects from Maharashtra stood out at the prestigious KPIT Sparkle 2025, a nationwide innovation contest organized by KPIT Technologies, showcasing cutting-edge solutions to critical challenges in cybersecurity and autonomous mobility. Students from Jayawantrao Sawant College of Engineering, Pune, developed an AI-driven cybersecurity system to counter Interest Flooding Attacks (IFA) in vehicular [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/highlights-from-kpit-sparkle-2025-featuring-ai-in-cybersecurity-and-smart-construction-solutions/">Highlights from KPIT Sparkle 2025 Featuring AI in Cybersecurity and Smart Construction Solutions</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>MUMBAI:</strong> Two innovative student projects from Maharashtra stood out at the prestigious KPIT Sparkle 2025, a nationwide innovation contest organized by KPIT Technologies, showcasing cutting-edge solutions to critical challenges in cybersecurity and autonomous mobility. Students from Jayawantrao Sawant College of Engineering, Pune, developed an AI-driven cybersecurity system to counter Interest Flooding Attacks (IFA) in vehicular networks, enhancing smart mobility security. Meanwhile, a team from CSMSS CHH. Shahu College of Engineering, Aurangabad, introduced an autonomous building vehicle designed to optimize material transport in construction zones, addressing labor shortages and improving efficiency.<br><br>Developed by students from Jayawantrao Sawant College of Engineering, Pune, as part of Team Vanguardianas—Sakshi Desai, Tushar Dhangar, Prajwal Shelar, and Vishakha Bhosale —this advanced machine learning-based detection system effectively counters Interest Flooding Attacks (IFA) in Vehicular Named Data Networking (VNDN). Their innovative approach integrates Deep Packet Inspection (DPI) and Large Language Models (LLMs) to strengthen network security for smart mobility applications. Implemented at roadside units, their solution achieved an impressive 94% accuracy in detecting cyber threats, enhancing the safety and resilience of vehicular communication networks.<br><br>&#8220;<em>With the rapid adoption of smart mobility solutions, cybersecurity is more critical than ever. Traditional security mechanisms struggle to keep up with the sophisticated cyber threats targeting vehicular networks. Our system leverages Deep Packet Inspection and Large Language Models to proactively identify and neutralize Interest Flooding Attacks before they disrupt communication. Achieving a 94% accuracy rate in detecting these threats is a testament to the effectiveness of our approach. Being recognized at KPIT Sparkle 2025 validates our efforts and motivates us to push the boundaries of AI-driven cybersecurity. We aim to further refine our solution, integrate real-time threat response mechanisms, and eventually bring this technology to large-scale deployment in smart transportation systems</em>,&#8221; said <strong>Vishakha Bhosale, leader of Team Vanguardians</strong>. </p>



<p>Meanwhile, Team Eklavya—led by Vidya Kolhe, Kartik Gite, Khushi Kumbhar, and Yashwant Salunke from CSMSS CHH. Shahu College of Engineering, Aurangabad, —hopes to transform the construction industry with an autonomous building vehicle designed for efficient material transport across diverse terrains. Inspired by moon rovers, the vehicle boasts high adaptability, minimal human intervention, and seamless operation in varied weather conditions, representing a major advancement in automation and smart infrastructure management.<br><br><strong>Vidya Kolhe, Leader of Team Eklavya,</strong> said, &#8220;<em>The construction industry struggles with labor shortages, high costs, and inefficiencies in material handling. Our autonomous transport vehicle is designed to bridge these gaps by seamlessly moving construction materials across diverse terrains—including plains and hilly regions—with precision and reliability. Built for full autonomy, it operates in various weather conditions and features an intuitive dashboard, ensuring ease of use for non-technical personnel. The AI-driven navigation system enables real-time route adjustments, optimizing delivery paths while preventing material losses. Beyond construction sites, this innovation extends to warehouse automation, urban traffic management, and intercity goods transportation, contributing to the broader landscape of smart infrastructure. With its potential to reduce construction delays and improve overall site productivity, the project represents a significant advancement in the field of automated logistics</em>.”</p>



<p>KPIT Sparkle, one of India’s largest student innovation competitions, serves as a platform for aspiring students to showcase their innovations. Nearly 1.2 lakh students from more than 1,200 institutes have participated in KPIT Sparkle over the past 10 years. This year, the 11th edition of KPIT Sparkle witnessed participation from over 28,000 students representing more than 700 colleges, showcasing a wide range of technological advancements and ground-breaking innovations.</p>
<p>The post <a href="https://nrinews24x7.com/highlights-from-kpit-sparkle-2025-featuring-ai-in-cybersecurity-and-smart-construction-solutions/">Highlights from KPIT Sparkle 2025 Featuring AI in Cybersecurity and Smart Construction Solutions</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Godrej Properties Launches India’s First 3D-Printed G+1 Villa at Godrej Eden Estate</title>
		<link>https://nrinews24x7.com/godrej-properties-launches-indias-first-3d-printed-g1-villa-at-godrej-eden-estate/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 20 Feb 2025 14:24:17 +0000</pubDate>
				<category><![CDATA[Realtors]]></category>
		<category><![CDATA[3D Printed]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[home]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Villa]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=176591</guid>

					<description><![CDATA[<p>PUNE: Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, has unveiled India’s first 3D-printed G+1 villa at Godrej Eden Estate, Maan Hinjewadi, Pune in association with Tvasta Engineering. Leveraging cutting-edge 3D printing technology, the company has achieved a significant milestone to set new benchmarks in design, efficiency, and sustainability and marks a [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/godrej-properties-launches-indias-first-3d-printed-g1-villa-at-godrej-eden-estate/">Godrej Properties Launches India’s First 3D-Printed G+1 Villa at Godrej Eden Estate</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>PUNE:</strong> Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, has unveiled India’s first 3D-printed G+1 villa at Godrej Eden Estate, Maan Hinjewadi, Pune in association with Tvasta Engineering. Leveraging cutting-edge 3D printing technology, the company has achieved a significant milestone to set new benchmarks in design, efficiency, and sustainability and marks a transformative moment for the real estate industry.</p>



<p>The villa, constructed using additive manufacturing techniques, demonstrates the potential of 3D printing in revolutionizing home construction. The project, which commenced in June 2024, was completed in just four months, underscoring the speed and efficiency of 3D printing in construction. By employing computer-generated designs, the structure was built layer by layer with specialized materials, significantly reducing construction time, material waste, and labor costs, while ensuring precision and durability. This architectural innovation blends modern aesthetics with sustainable design, introducing elements that redefine contemporary living spaces.</p>



<p><strong>Key Features of the 3D-Printed Villa:</strong></p>



<ul class="wp-block-list">
<li>The villa’s organic and fluid form, shaped using advanced algorithms, enhances both structural integrity and visual appeal.</li>



<li>A striking architectural feature that maximizes natural light reduces energy consumption and creates an expansive, open feel.</li>



<li>Replacing conventional straight staircases, this sculptural element adds an artistic and dynamic touch to the home’s interior.</li>



<li>Inspired by nature, the villa’s flowing lines seamlessly integrate with its surroundings, fostering a sense of harmony and well-being.</li>



<li>A signature of 3D-printed architecture, the layered exterior pattern showcases the precision of the technology, lending the structure a unique and futuristic aesthetic.</li>
</ul>



<p>This achievement sets the stage for wider adoption of 3D printing in Indian real estate, paving the way for smarter, more sustainable cities. By integrating advanced design principles with environmentally conscious construction, Godrej Properties continues to redefine modern living and shape the future of housing in India.</p>



<p>Commenting on the milestone, <strong>Vikas Singhal, Chief Operating Officer, of  Godrej Properties</strong>, said, &#8220;<em>At Godrej Properties, we are committed to pushing the boundaries of innovation, and sustainability in real estate. The unveiling of India’s first 3D-printed villa at Godrej Eden Estate is a testament to our vision of pioneering futuristic, efficient, and eco-friendly construction methods. 3D printing has the potential to transform homebuilding by making it faster, more precise, significantly more sustainable, and incorporates energy-efficient features that reduce the project’s environmental impact. We are proud to introduce this technology to the Indian real estate sector and look forward to exploring its further applications in the future</em>.&#8221;</p>
<p>The post <a href="https://nrinews24x7.com/godrej-properties-launches-indias-first-3d-printed-g1-villa-at-godrej-eden-estate/">Godrej Properties Launches India’s First 3D-Printed G+1 Villa at Godrej Eden Estate</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Fox Construction&#8217;s Vision for Smart Cities and Luxury Resorts</title>
		<link>https://nrinews24x7.com/fox-constructions-vision-for-smart-cities-and-luxury-resorts/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Sat, 12 Oct 2024 11:32:14 +0000</pubDate>
				<category><![CDATA[International]]></category>
		<category><![CDATA[Realtors]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Fox]]></category>
		<category><![CDATA[luxury]]></category>
		<category><![CDATA[resorts]]></category>
		<category><![CDATA[Smart Cities]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=175035</guid>

					<description><![CDATA[<p>NEW YORK NY: Fox Construction, a subsidiary of Fox Petroleum Group, is proud to unveil its ambitious plans for the development of luxury resorts and Smart Cities in multiple global locations. The projects, funded by a consortium of six international banks and five private capital firms, will redefine the future of urban living and luxury [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/fox-constructions-vision-for-smart-cities-and-luxury-resorts/">Fox Construction&#8217;s Vision for Smart Cities and Luxury Resorts</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>NEW YORK NY:</strong> Fox Construction, a subsidiary of Fox Petroleum Group, is proud to unveil its ambitious plans for the development of luxury resorts and Smart Cities in multiple global locations. The projects, funded by a consortium of six international banks and five private capital firms, will redefine the future of urban living and luxury hospitality. The entire project is guaranteed by Fox Petroleum Group and will be implemented over a 15-year timeline, with an IPO planned for December 2027 and completion of all developments by 2030.</p>



<p>Luxury Resorts: Canada, the US, and Kenya Fox Construction will develop high-end resorts in Canada, the United States, and Kenya. These resorts will embody cutting-edge design, comfort, and eco-sustainability, providing unmatched luxury experiences in prime locations. The resorts will integrate local cultural elements into their architecture and design, ensuring a harmonious blend of modernity and tradition.</p>



<p>Smart Cities: Canada and Australia In its most groundbreaking venture yet, Fox Construction will be building Smart Cities in Canada and Australia, designed to transform urban living through advanced technology and sustainable practices. The cities will boast a range of unique features aimed at making life easier and more affordable for residents:</p>



<ul class="wp-block-list">
<li>Indigenous Power Supply: Utilizing renewable energy sources to ensure a self-sustaining power grid for each Smart City. Power Backups and Gas Based Power Plant to run the city and water treatment plant.</li>



<li>Free, eco-friendly transportation through a network of Green Buses within a smart city. These buses will operate on renewable energy, providing residents with an efficient, zero-emission transportation solution, ensuring easy and sustainable mobility within the city at no cost to its inhabitants.</li>



<li>Affordable Manpower for Household Chores: Ensuring the availability of cost-effective, skilled labor to assist with daily tasks for each home, to make life easy.</li>



<li>Moving Gas Stations: Residents will have the convenience of door-to-door refueling services for their vehicles, with an optional 30-day credit facility.</li>



<li>Affordable Housing Plans: Houses will be available through a 25-year installment plan with just 2% yearly interest, making homeownership accessible to all.</li>



<li>Smart Intercom and Online Tuition: Each home will be equipped with an advanced intercom system, and children from nursery to PhD levels will have access to online tuition from world-renowned educators, completely free of charge.</li>



<li>Comprehensive Education System: The Smart City will house educational institutions from Nursery to PhD level, ensuring that residents can access world-class education within their community.</li>



<li>As part of the Smart City&#8217;s comprehensive plan for resident welfare and security, affordable insurance plans will be mandatory. Each resident will contribute just $1 per month for medical insurance for each member of the household, ensuring access to essential healthcare services. Additionally, $10 per month will cover home insurance, protecting properties against unforeseen events, and $1 per month for road and safety insurance, guaranteeing secure and well-maintained infrastructure. $2 monthly for staff group insurance who will be working day and night to make smart city smartt living These low-cost insurance options are designed to provide peace of mind and ensure that all residents are well-protected at minimal expense.</li>
</ul>



<p>Architectural Vision by Italian Mastermind Masilio The architectural planning and design will be led by the renowned Italian architect Masilio, who will adapt his designs to each specific location, blending local culture with futuristic living. Canada is expected to start planning and implementation by the end of 2024.</p>



<p>Funding and Financial Structure The projects will be backed by a consortium of six banks and five private capital firms, further cementing the financial robustness of the venture. Fox Petroleum Group will guarantee the funding, ensuring the project&#8217;s smooth execution over the next 15 years.</p>



<p>Visionary Leadership <strong>Dr. Ajay Kumar, PhD, Chairman and Managing Director of Fox Petroleum Group</strong>, commented on the project, saying, &#8220;<em>Fox Construction is poised to revolutionize urban living with Smart Cities that combine technology, sustainability, and affordability. These cities will not only provide homes but create entire ecosystems where residents can thrive. Our resorts will bring luxury living to new heights, reflecting our commitment to excellence and innovation</em>.&#8221;</p>



<p>With project completion expected by 2030, Fox Construction is setting the stage for an IPO in December 2027, marking the company&#8217;s long-term vision of reshaping cities for the future.</p>
<p>The post <a href="https://nrinews24x7.com/fox-constructions-vision-for-smart-cities-and-luxury-resorts/">Fox Construction&#8217;s Vision for Smart Cities and Luxury Resorts</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Tata Hitachi Unveils ZAXIS 38U and SHINRAI Prime at RAHSTA EXPO 2024</title>
		<link>https://nrinews24x7.com/tata-hitachi-unveils-zaxis-38u-and-shinrai-prime-at-rahsta-expo-2024/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 09 Oct 2024 17:30:48 +0000</pubDate>
				<category><![CDATA[Engineering]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Expo]]></category>
		<category><![CDATA[Mining]]></category>
		<category><![CDATA[Rahsta]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=174964</guid>

					<description><![CDATA[<p>MUMBAI: Tata Hitachi, a pioneer in the construction and mining equipment industry, is making a notable presence at the 14th Roads and Highways Sustainable Technologies &#38; Advancement (RAHSTA) Expo, taking place at Jio World Convention Centre, Mumbai. The company is showcasing its latest advancement, the newly launched ZAXIS 38U (3.5 Tonne Mini Excavator) and the [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/tata-hitachi-unveils-zaxis-38u-and-shinrai-prime-at-rahsta-expo-2024/">Tata Hitachi Unveils ZAXIS 38U and SHINRAI Prime at RAHSTA EXPO 2024</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>MUMBAI:</strong> Tata Hitachi, a pioneer in the construction and mining equipment industry, is making a notable presence at the 14th Roads and Highways Sustainable Technologies &amp; Advancement (RAHSTA) Expo, taking place at Jio World Convention Centre, Mumbai. The company is showcasing its latest advancement, the newly launched ZAXIS 38U (3.5 Tonne Mini Excavator) and the SHINRAI Prime (Backhoe Loader).</p>



<p>The ZAXIS 38U is a compact and versatile mini excavator, designed specifically to meet the evolving needs of the Indian construction sector. This machine, featuring a short tail swing radius, is engineered to deliver exceptional performance in confined spaces, making it an ideal solution for a variety of applications such as urban construction, landscaping, and utility work. The ZAXIS 38U’s powerful Japanese engine, combined with an advanced hydraulic system, ensures unmatched productivity, operational ease, and fuel efficiency.</p>



<p>In addition to the ZAXIS 38U, Tata Hitachi is proud to showcase SHINRAI Prime, a groundbreaking backhoe loader that embodies the core values of trustworthiness, capability, and reliability that Tata Hitachi is renowned for. The SHINRAI Prime is a symbol of unwavering trust and performance excellence. One of its standout features is the enlarged backhoe bucket, allowing operators to excavate larger quantities of material with each scoop.</p>



<p>Speaking on the occasion, <strong>Siddharth Chaturvedi – General Manager, of Marketing</strong>, said &#8220;<em>The ZAXIS 38U is designed for Indian working conditions, with an emphasis on delivering reliability, performance, and value. It caters to the growing demand for compact and efficient machines in the construction sector, enabling customers to handle diverse projects with ease.</em>&#8220;</p>



<p>Furthermore, the extended backhoe reach and cutting height make it a versatile solution for accessing hard-to-reach areas, ensuring efficiency in various applications.</p>



<p>Tata Hitachi’s participation in RAHSTA EXPO 2024 further reinforces its commitment to delivering cutting-edge solutions that support sustainable infrastructure development in India.</p>
<p>The post <a href="https://nrinews24x7.com/tata-hitachi-unveils-zaxis-38u-and-shinrai-prime-at-rahsta-expo-2024/">Tata Hitachi Unveils ZAXIS 38U and SHINRAI Prime at RAHSTA EXPO 2024</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>CREDAI Pune Metro Recognizes Real Estate Projects Enhancing Construction Worker Welfare</title>
		<link>https://nrinews24x7.com/credai-pune-metro-recognizes-real-estate-projects-enhancing-construction-worker-welfare/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 10 Sep 2024 04:44:57 +0000</pubDate>
				<category><![CDATA[Realtors]]></category>
		<category><![CDATA[AWARD]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[CREDAI]]></category>
		<category><![CDATA[Metro]]></category>
		<category><![CDATA[Project]]></category>
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		<category><![CDATA[worker]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=174607</guid>

					<description><![CDATA[<p>PUNE: In a continued effort to recognize and encourage excellence in the construction industry, CREDAI Pune Metro recently hosted the fourth annual ‘Pride Best Facilities Awards’. The awards applaud real estate players who excel in providing superior facilities for construction workers while delivering superior projects across the city. The award ceremony was held at CREDAI Pune [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/credai-pune-metro-recognizes-real-estate-projects-enhancing-construction-worker-welfare/">CREDAI Pune Metro Recognizes Real Estate Projects Enhancing Construction Worker Welfare</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>PUNE: </strong>In a continued effort to recognize and encourage excellence in the construction industry, CREDAI Pune Metro recently hosted the fourth annual ‘Pride Best Facilities Awards’. The awards applaud real estate players who excel in providing superior facilities for construction workers while delivering superior projects across the city.</p>



<p>The award ceremony was held at CREDAI Pune Metro’s Ramkumar Rathi Auditorium, Pune. The awards were presented by the Additional Labor Commissioner of Pune Division- Shailendra Pol. Hemgauri Bhandari- Chief Advisor of the Quality Council of India, Alok Jain- Director of the Training and Capacity Building Department of the Quality Council of India, Ranjit Naiknavare- President of CREDAI Pune Metro, JP Shroff- President of the Pride Best Facilities Competition and CREDAI Kushal, Arvind Jain- Vice President of CREDAI Pune Metro; Ashwin Trimal- Secretary and Sapna Rathi, Coordinator of the Labor Welfare Committee were also present on the occasion.</p>



<p>The ceremony also included the launch of the Standard Operating Procedure (SOP) booklet related to the competition. This year’s winners in various categories include VTP Realty (Project &#8211; VTP Alter), Rohan Builders (Project &#8211; Rohan Anand), Legacy Life Spaces (Project &#8211; The Statement), Vilas Javdekar Developers (Project &#8211; Yashwin Arbo Centro), VTP Realty (Project &#8211; VTP Euphoria), Rohan Builders (Project &#8211; Rohan Abhilasha), Pride Builders (Project &#8211; Pride World City), Malpani Estate (Project &#8211; M Aryabhatt).</p>



<p>Special&nbsp;category&nbsp;awards were presented to SJ Constructions (Project &#8211; AP 4) for the highest BOCW registration, Panchshil Realty (Project &#8211; Vantage Tower) for outstanding health services,&nbsp;<strong>B G Shirke Constructions</strong>&nbsp;(Project &#8211; PMC River Revival) for crèche facilities, Bhate and Raje Constructions (Project &#8211; Tower Dassault &nbsp;System Solutions Lab) for skilling, Shubham EPC (Project &#8211; STT – DC 05) for innovation and Mangalam Landmarks (Project &#8211; Mangalam Destinations) for women worker welfare.</p>



<p>Shailendra Pol praised the efforts of CREDAI Pune Metro in providing comprehensive support to construction workers, including essential facilities, health services, skill training, and growth opportunities. He emphasized that CREDAI Pune Metro’s initiatives should serve as a model for other CREDAI chapters and organizations across the country.</p>



<p>Ranjit Naiknavare highlighted the importance of providing necessary facilities and training to construction workers, addressing the challenge of skill development in the industry. He reiterated CREDAI Pune Metro’s commitment to fostering excellence and awareness in the construction sector.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img fetchpriority="high" decoding="async" width="1024" height="397" src="https://nrinews24x7.com/wp-content/uploads/2024/09/CREDAI_Pune-Awards_2-1024x397.jpeg" alt="CREDAI Pune Metro" class="wp-image-174609" srcset="https://nrinews24x7.com/wp-content/uploads/2024/09/CREDAI_Pune-Awards_2-1024x397.jpeg 1024w, https://nrinews24x7.com/wp-content/uploads/2024/09/CREDAI_Pune-Awards_2-300x116.jpeg 300w, https://nrinews24x7.com/wp-content/uploads/2024/09/CREDAI_Pune-Awards_2-768x298.jpeg 768w, https://nrinews24x7.com/wp-content/uploads/2024/09/CREDAI_Pune-Awards_2-1084x420.jpeg 1084w, https://nrinews24x7.com/wp-content/uploads/2024/09/CREDAI_Pune-Awards_2-696x270.jpeg 696w, https://nrinews24x7.com/wp-content/uploads/2024/09/CREDAI_Pune-Awards_2-1068x414.jpeg 1068w, https://nrinews24x7.com/wp-content/uploads/2024/09/CREDAI_Pune-Awards_2.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">From Left: Archana Badhera, Milind Talathi, Rashmi Lodha, Sapana Rathi, Alok Jain, Hemgauri Bhandari, Ranjit Naiknavare, Deepak Karandikar, Shailendra Pol, Arvind Jain, Ashwin Trimal, J.P. Shroff, and Parag Patil.</figcaption></figure>
</div>


<p>Hemgauri Bhandari and Alok Jain also commended CREDAI Pune Metro’s leadership in worker welfare, with Alok Jain noting the organization&#8217;s exceptional work, especially concerning female workers.</p>



<p>The awards were coordinated by Sapna Rathi, Milind Talathi, and Parag Patil. The event was hosted by Archana Badhera, and Milind Talathi extended the vote of thanks.</p>



<p><strong>Detailed Information on the Pride Best Facilities Awards<br></strong><br><strong>Categories and Award Recipients:<br></strong><br><strong>Category &#8211; 21 to 100 Workers:</strong></p>



<p>•&nbsp;VTP Realty (Project &#8211; VTP Alter) and Rohan Builders (Project &#8211; Rohan Anand) &#8211; Gold Award<br>•&nbsp;Legacy Life Spaces (Project &#8211; The Statement) &#8211; Silver Award&nbsp;</p>



<p><strong>Category &#8211; 101 to 300 Workers:</strong></p>



<p>• Vilas Javdekar Developers (Project &#8211; Yashwin Arbo Centro) &#8211; Gold Award<br>• VTP Realty (Project &#8211; VTP Euphoria) &#8211; Silver Award</p>



<p><strong>Category &#8211; More than 300 Workers:</strong></p>



<p>• Rohan Builders (Project &#8211; Rohan Abhilasha 3) and Pride Builders (Project &#8211; Pride World City) &#8211; Gold Award<br>• Malpani Estate (Project &#8211; M Aryabhatt) &#8211; Silver Award</p>



<p><strong>Special&nbsp;Category&nbsp;Awards:<br></strong>• SJ Constructions (Project &#8211; AP 4) &#8211; Highest BOCW Registration<br>•&nbsp;&nbsp;Panchshil Realty (Project &#8211; Vantage Tower) &#8211; Health Services</p>



<p>•&nbsp;&nbsp;<strong>B G Shirke Constructions</strong>&nbsp;(Project &#8211; PMC River Revival) &#8211; Crèche Facilities•&nbsp; Bhate and Raje Constructions (Project &#8211; Tower Dassault System Solutions Lab) &#8211; Skilling<br>•&nbsp; Shubham EPC (Project &#8211; STT – DC 05) &#8211; Innovation<br>•&nbsp; Mangalam Landmarks (Project &#8211; Mangalam Destinations) &#8211; Women Worker Welfare</p>
<p>The post <a href="https://nrinews24x7.com/credai-pune-metro-recognizes-real-estate-projects-enhancing-construction-worker-welfare/">CREDAI Pune Metro Recognizes Real Estate Projects Enhancing Construction Worker Welfare</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>CREDAI’s Roadmap To Viksit Bharat: Indian Real Estate’s Contribution To GDP Projected To Be $5.17 Trillion By 2047</title>
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		<dc:creator><![CDATA[Editorial Desk]]></dc:creator>
		<pubDate>Sat, 16 Mar 2024 23:10:12 +0000</pubDate>
				<category><![CDATA[Realtors]]></category>
		<category><![CDATA[bharat]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[CREDAI]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[Housing]]></category>
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					<description><![CDATA[<p>CREDAI nurtures future leadership through its Youth and Women’s Wing PUNE: The Confederation of Real Estate Developers’ Association of India (CREDAI) today released a report on Indian Real Estate’s contribution towards Viksit Bharat at its annual conference YouthCon organized by CREDAI’s Youth Wing &#8211; a leading industry platform designed to bring together the next generation of [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/credais-roadmap-to-viksit-bharat-indian-real-estates-contribution-to-gdp-projected-to-be-5-17-trillion-by-2047/">CREDAI’s Roadmap To Viksit Bharat: Indian Real Estate’s Contribution To GDP Projected To Be $5.17 Trillion By 2047</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="has-text-align-center" style="font-size:24px"><em>CREDAI nurtures future leadership through its Youth and Women’s Wing</em></p>



<p><strong>PUNE: </strong>The Confederation of Real Estate Developers’ Association of India (CREDAI) today released a report on Indian Real Estate’s contribution towards Viksit Bharat at its annual conference YouthCon organized by CREDAI’s Youth Wing &#8211; a leading industry platform designed to bring together the next generation of real estate developers to cultivate and mentor them, fostering growth into proficient professionals, principled entrepreneurs, and authentic leaders within the real estate sector.</p>



<p><strong>Shri Hardeep Singh Puri, Hon’ble Minister for Housing and Urban Affairs &amp; Petroleum and Natural Gas, Government of India</strong>, inaugurated the two-day conference alongside the CREDAI leadership team. The two-day conference featured various sessions aimed at helping delegates prepare for the future of real estate.</p>



<p>During the event, CREDAI released a report “<strong>Building Viksit Bharat”-Transformative role of the real estate sector in India</strong>. According to CREDAI, Indian Real Estate is bound to have a significant impact on the Indian economy &#8211; with the sector projected to reach $1.3 Trillion (13.8% of Projected GDP) by FY 2034 and $5.17 Trillion (17.5% of Projected GDP) by 2047.</p>



<p>CREDAI, in its report, also outlined pertinent industry trends and insights that are bound to provide a holistic view of the sector’s growth, while also giving direction to the industry as a whole:</p>



<ul class="wp-block-list">
<li>The current market size of Indian Real Estate stands at 24 lac crores, split between Residential and Commercial in the ratio of 80% and 20% respectively.</li>



<li>Among the residential segment, 61% of the current supply is above the cost of Rs 45 lacs. The average home area is also increasing at 11% on an annual basis.</li>



<li>Over 28 crore Indian citizens want to buy a house, among the 40-crore population that is yet to own a house in the country. CREDAI also projects that there will be a 7-crore additional housing demand by 2030.</li>



<li>Reflecting the aspirational growth of Indian Homebuyers, over 87.4% of housing demand by 2030 is expected to be of houses costing more than 45 lacs.</li>
</ul>



<p>With the above findings, CREDAI re-emphasized the significance of Indian Real Estate to the overall growth of the economy and some of the most important macroeconomic indicators including Employment, Revenues for Government and Banking eco-system, and increasing Per Capita Income. Coupled with the cascading impact of the sector that supports over 250+ industries directly and indirectly, CREDAI’s projections provide a definitive course of action and visibility on the sector’s contribution to the country’s development in its mission to become Viksit Bharat.</p>



<p><strong>CREDAI President Boman R Irani</strong> shares his thoughts “Indian Real Estate today stands at an extremely important junction amidst India’s journey to become a developed economy by 2047. Due to its strong multiplier effect coupled with robust real estate demand – for both housing and commercial – the sector is bound to play a critical role in multiplying GDP value and increasing revenues, and <em>per capita incomes that will aid further growth as a part of a self-sustaining cycle due to ever-increasing consumption. As India’s leading real estate body, we look forward to working closely with all stakeholders involved to ensure a seamless path towards achieving our collective mission of becoming a fully developed economy.”</em></p>



<p><strong>CREDAI Chairman Manoj Gaur</strong>&nbsp;shares his remarks “<em>As the premier body of Indian Real Estate, we feel extremely proud at what we’ve achieved as an industry – and are even more excited at the potential that this sector currently holds as the primary economic engine of this country. To achieve Viksit Bharat, Real Estate is going to be at the nucleus of growth which is also validated by the recent sheer volume that has coincided with strong QoQ GDP numbers. Moving forward – real estate again is going to play a pivotal role as India strives to multiply its economy.”</em></p>



<p><strong>CREDAI President Elect Shekhar G Patel</strong>&nbsp;says “<em>Currently,</em>&nbsp;<em>India is witnessing significant GDP growth despite global headwinds which is a testament to our economic and sectoral resilience. The entire real estate industry is extremely excited to build on this strong platform and re-emphasizes the importance of a facilitating eco-system that supports all concerned stakeholders, for not just the sustained and sustainable growth of the industry but the entire economy. Through our findings, we have devised a roadmap of Indian Real Estate’s contribution towards Viksit Bharat as we jointly work towards achieving the feat.”</em></p>
<p>The post <a href="https://nrinews24x7.com/credais-roadmap-to-viksit-bharat-indian-real-estates-contribution-to-gdp-projected-to-be-5-17-trillion-by-2047/">CREDAI’s Roadmap To Viksit Bharat: Indian Real Estate’s Contribution To GDP Projected To Be $5.17 Trillion By 2047</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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