Courtesy of HCC The $8-billion Lavasa development, a 1,500-acre new hill town planned according to the principles of new urbanism, is one bright spot on the nation's horizon. India is beginning to face both the myriad problems of its urban centers and the many opportunities for economic and social transformation.By 2030, a $1.2-trillion investment will be required to meet projected demand for the 700 million to 900 million sq m of commercial and residential space, says a McKinsey Global Institute report. The real estate development is equivalent to building a new Chicago every year.In addition, 2.5 billion sq m of
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.