Realty atmosphere in the city is on full boom with increased number of launches and various new projects on the pipeline in near future. According to the sources of www.propertykhazana.com the earth moving and equipment of the construction sector has the capability to grow up to six times amounting around 22.7 billion USD by the end of 2020 as stated by the JCB India Ltd – country’s one of the leading manufacturer of construction machineries.
The total worth of ECE market for the year 2010 was 3.3 billion US dollar further added by Vipin Sondhi – Managing Director of JCB India. Looking to the last year revenue in equipment sector of construction business which was recorded with 3.3 billion USD showed a growth rate of around 18 per cent as compared to that from 2006 to 2010.
No doubt the industry has a vast potentiality in coming years but at the same time it requires to make some amendments in the land and other issues of resettlement and rehabilitation with the owners of plots and lands at various locations. There should a mid way of reform to the older dialects of the constitution as per the benefit criteria for all the teams – Government, Public as well as the realty developers. A fast track of attention is also the need of the hour for a better prospect of realty industry as it takes longer time for approval and during this term the price touches the peak before the construction come into action making a various hindrance for the systematic completion of the projects on targeted times.
A mega fair for the construction equipment business is scheduled to show the entire range of products at Bangalore on Friday 25th Nov 2011. It will be one of the largest exhibitions on construction machinery with involvements of number of countries like China, Finland, Germany, Italy, Japan, South Korea, Spain and Turkey. The five day event of the Bangalore will be inaugurated by C P Joshi - Union Minister of Road Transport and Highways. It is made on a 200000 square feet area with an active participation of around 630 exhibitors around the globe to launch their 400 new product of construction equipment.
Source: NIMMA BENGALURU
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