The company's Building and industries vertical has the knowledge, expertise, and experience to complete Engineering, Procurement, and Construction projects for commercial complexes, district courts, housing projects, townships, IT parks, hotels, shopping malls, hospitals, and infrastructure, as well as ancillary construction works for industrial buildings. Our clients include both government and commercial enterprises, and we believe the business in this vertical is promising. The recent trend in the building and manufacturing vertical has given us the opportunity to expand our footprint in this sector.
The Indian real estate market (including residential and commercial) is expected to grow at an annual rate of 8% in the next two years, from 7.5-8.0 trillion in 2017 to 8.5-9.0 trillion in 2019. In the long run, government initiatives such as the Pradhan MantriAwasYojana-Urban (PMAY-U) and the smart city mission would support a significant portion of the industry's growth.
Residential Buildings provides turnkey services that include the design and building of integrated townships from idea to completion, as well as entire infrastructural facilities for various segments of society. Today, the country has various established and expanding industrial centres. People working in such industries have both the potential and the desire to live a better life. However, there is currently no social infrastructure. Moving forward, integrated mixed-use developments have a lot of potential in these places.