The real estate industry has seen its growth due to easy availability of raw materials and labour. Many construction companies are investing a lot in all parts of the nation to give India a new look. Today, we can see and superior quality flats, houses, cottages, villas, office buildings, shopping malls with great architectural designs all across the nation and this has happened only to the hard work and dedication of the construction companies. The excessive demand for residential apartments and independent houses has been met to some extent and the work is going on in full swing to satisfy the needs of the people. New construction works in the residential works are happening in almost every corner of the country with the help of some local as well as renowned builders and promoters. The most interesting part in this segment is that the erectors and promoters are buying land and property for their projects and thus create new townships and residential complexes.
Along with other industrial growth, we can see the growth in real estate industry. In the present day, we require numerous office complexes and corporate houses to accommodate all the businesses that are currently running in the country as well for the upcoming companies who want to set up their wing in India. So, there is a huge demand for commercial complexes too. The builders are working together with government to erect multistoried office buildings designed well and look like modern palaces. Other commercial complexes such as shopping malls, shops, movie halls, amusement parks and many more are also built up with great facilities and architectural designs. Today, most of the real estate dealers are expanding their wings in some smaller cities located near a metropolitan city. Different construction companies are showcasing their expertise in this segment in different states of the nation.
Most of the promoters and real estate dealers have been instrumental in analyzing the ongoing real estate property trends. However, it is not an easy task to the owners and managers of all the leading as well as local promoters & developers to acquire land and property for their projects. Agitation is there in all corners of the country, especially in places like Gurgaon where there are tussles over land between the builders and the civil administrations. The same issue is there in various parts. However, it has been observed that in spite of all these hassles the builders are doing their job with great pace and perfection. The nation is getting a new look with the help of these developers & promoters.There are numerous builders who work with the local administration and erect flats and small houses for people at affordable and cheap rates.
Let us now discuss about some of the leading construction companies and their projects.
Emaar MGF
The mother concern is Dubai based with the name Emaar Properties PJSC. It has collaborated with MGF Development Limited, a popular real estate company in India and work with the name Emaar MGF Land Development Pvt. Ltd. The company has spread its wings in places like Delhi, Gurgaon, Mohali, Kolkata, Bengaluru, Hyderabad, Mumbai, Kochi, Pune and in many other places with great projects. The company mainly works on residential townships, hospitality, commercial complexes, shopping malls and IT parks. It has also plans to start up projects on 7 star hotels and resorts in key locations in Delhi and Kolkata.
DLF Group India
The company which was formed in 1946 has actually shown others who work in this segment how to handle property and create magic on lands. They have shown us how expert they are in the field of real estate industry. With strong commitment and strict adherence to quality, innovation and elegance, the company has showcased its expertise by erecting several eye-catching residential complexes, townships, villas, office complexes, shopping malls and stadiums.
Ansal Properties & Infrastructure Ltd.
This company has literally changed the lives of innumerable Indians by erecting residential and commercial buildings in places like Delhi, Lucknow, Indore and Gurgaon. The engineers associated with this company are expert in creating magic and thus has gifted us with some great shopping malls and office buildings. They are dedicated to their commitment and believe in quality work and customer satisfaction.
Unitech
This is considered as one of the top construction companies in India. It has provided us with some elegant homes and has gifted us with many commercial complexes and schools. They are engaged in many projects in places like Delhi, Kolkata, Noida, Manesar and Jaipur.
Bengal Ambuja Housing Development Limited
The company has drastically changed the look of the Indian state of West Bengal with myriad real estate projects. The company has built many superior quality and well-designed residential apartments across the state and is now venturing into commercial properties. The company has won numerous awards and is considered as the most respected construction company.
There are many other builders like Sahara Housing, Godrej Properties, Reliance Industries and TATA Housing who have also shown their expertise in the sector. Sahara Housing has gained immense popularity by creating townships in places like Lucknow and Mumbai.
Although the industry has boomed rapidly, there are many other issues that are bothering these companies. There are agitations from the landowners who rebel against these companies most of the time. However, with proper and adequate compensation, these promoters and developers acquire the land and properties with the help of local administrators. In some cases, they have to argue with the local administrator too regarding the value of the property or land they want to acquire. So, the task is not that easy that it looks to all common people of the nation. The central government has made certain laws and rules that has also helped these companies to make profit out of the projects they handle. Many leading developers and promoters also get projects such as to erect stadiums for national games or such types and they get the reward both by cash and by proper recognition. There is no doubt that we can only get a new India with the help of these construction companies who have a long way to go. You can get to know about the latest projects and about all the construction companies of India from different websites and magazines.