Upcoming projects by construction companies in Chennai
Construction industry in India is one such industry that has witnessed a remarkable growth since last couple of decades. The inception of liberal policies boosted the modern architecture especially in commercial sector owing to international brands and companies entering India. Metro cities, like Chennai, Bangalore, Delhi and Mumbai, have witnessed the maximum change because of the evolving lifestyle of people coupled with the rising forage of international companies in India. Construction companies now look at introducing modern significant structures, high rise buildings and malls in most of these cities.
Chennai is no exception to this. We find the best construction companies in Chennai owing to the high market demand for the commercial sector in the city. The fact that it is known as ‘Detroit of India’ for its automobile sector itself defines the demand for commercial construction in the area. Besides automobile, Chennai is also hub for IT, retail and other commercial sectors.
The construction market in the city is very competitive due to the various recognised builders entering the market. Some of the best construction companies in Chennai are offering world-class amenities in their projects, thereby attracting buyers not only from India but also NRIs who are looking for investment options. A few of them have global exposure and have a track record of completing their work within the speculated time with low cost for management.
The government is also very supportive to the builders in Chennai owing to the contribution of the sector to the planned infrastructural growth in the area and the amount of employment generated by it. It has released various funds to develop the region. Besides, the connectivity of the region, the infrastructural development coupled with the natural beauty because to the sea nearby, has also driven the demand in the region. The demand for the modern, world class commercial structures is increasing in the city.
Construction industry in India is one of the major contributors towards the GDP of the country. The industry, which affects various related industries including technology, cement and steel amongst others, has created around 33 million jobs in the country.