Any business expansion needs commercial space, but we are discussing building the nation here. Over the past few years, our country has witnessed exceptional growth fuelled by architectural development provided by the construction industry.
The construction industry is a pivotal sector in bolstering India’s economic growth. It provides multiple megaprojects and commercial establishments, improves the lives of common people by providing quality homes, makes way for young entrepreneurs with startups, and much more.
If you look at numbers, the real estate secretary is expected to reach USD 1.3 trillion in the next decade. Viksit Bharat Yojana is a holistic development program initiated by the Indian Government to accelerate the nation’s progress in various sectors. This scheme focuses on not only enhancing infrastructure, and boosting the manufacturing industry, but also promoting innovation. The real sector has emerged as a key driver in contributing significantly to the economic growth of India.
Let’s read the vision of Viksit Bharat 2047.
Viksit Bharat & Urban Infrastructure Arm in Arm
The foundation of Viksit Bharat has given every Indian a new India to dream of with the following elements:
- Quality Housing: To accommodate the urban population, initiatives like Pradhan Mantri Awas Yojana focus on affordable homes.
- Clean and Green: Focusing on renewable energy sources, water conservation, and proper waste management, is helping India to turn into environmentally friendly growth.
- Smart Cities: With the megaprojects, cities are equipped with technologies and innovations enhancing the efficiency of energy consumption, and transportation for people to commute easily and quickly.
- Next-gen Transportation: With investments into metro projects, EVs, and rail networks, Viksit Bharat aims to alleviate traffic congestion and pollution in urban spaces.
- Real Estate and Employment: Construction activities and ancillary services enforce employment growth in every sector. The growth of the real estate market enhances the growth of employment in India today. This has helped maximize employment opportunities in the country.
- Integration of Advanced Technology: Technology integration into the real estate industry has improved client satisfaction, cost-effectiveness, and operational efficiency. Blockchain, IoT, and AI are some of the technologies being used to improve construction quality and expedite procedures.
Modernizing Construction: A Shift Toward Sustainability
Even though traditional construction methods play an important role in the development of the country, they no longer are sustainable compared to modern techniques. These methods may also cause significant environmental concerns by using excess water, creating dust pollution leaving a large carbon footprint. To address these issues, today construction and architectural companies are coming up with modern approaches and moving towards much easier and quicker solutions like D-wall and precast. Methods like pre-engineered buildings are proving to be the best solutions for today.
Conclusion
In line with the Prime Minister’s vision- Viksit Bharat is the vision to actively involve the youth of our country in forming the priorities and goals of our nation. The ideas of the youth generation with their creative energy will sync with the nation’s development goals. The Voice of Youth initiative will lead to building a better and developed India leading to the vision of Viksit Bharat 2047, completing the 100th year of independence.
So, as we look at the future, we can imagine the revolution of the construction industry in the form of Viksit Bharat’s goal by 2047. The real estate sector is a crucial driver of economic growth in India. By aligning with the vision and embracing the new practices, this sector is all set to make sustainable developments contributing to “built in India”.