New Delhi, July 5 -- The robust demand for real estate, which gains support from the government's major housing initiatives such as the Pradhan Mantri Awas Yojana (PMAY), will sustain the momentum in cement demand, said a report by Axis Securities.

"The projected growth in the real estate market, coupled with the government's major housing initiatives such as the Pradhan Mantri Awas Yojana (PMAY), is expected to sustain the momentum in cement demand.

The report added that the large-scale construction initiatives under the various government schemes, including PMAY, are expected to drive sustained demand for building materials, particularly cement, which remains essential for housing infrastructure.

According to the report, the cement d...