Mumbai, May 10 -- The construction and real estate sector is poised for significant growth over the next 15 to 20 years and could emerge as a trillion-dollar industry by 2030, said Rohit Gupta, Managing Director of Mantra Group on Saturday.
Speaking about the future of the sector, Gupta said housing remains one of the three basic human necessities alongside food and clothing. With rising population and increasing disposable incomes, demand for housing is expected to grow steadily, giving the construction industry a strong and promising future.
He observed that the demand pattern in housing has changed considerably in recent years. The era of compact homes is fading. As people's incomes rise, so do their aspirations. Today, buyers are incr...