Smart cities and the construction industry in India face a host of significant challenges. These encompass limited funding hindering expansive smart city projects and advancements in construction practices, a scarcity of skilled labour for emerging technologies, sluggish technology adoption due to entrenched industry methods, and insufficient infrastructure and connectivity.
The role of construction consulting in India becomes crucial as it aids businesses in navigating these obstacles by addressing complex regulatory frameworks and promoting widespread technology integration, sustainable practices, and effective collaboration among stakeholders.
Most estimates put it in the range of 5-8% by 2030. This collaborative approach paves the way for a transformative journey towards smarter, more sustainable cities and a modernized construction sector.
Unlocking Global Growth Potential
India holds immense growth opportunities in the smart cities and construction industry, strategic guidance for optimized project planning, technology integration, and sustainable practices. Presently, India’s smart city market is expected to grow from $3.7 billion in 2022 to $13.4 billion by 2027. This growth will be driven by investment in smart transportation, smart energy, and smart buildings.
However, India is contributing significantly to the global smart cities and construction market. The country’s smart city mission has a budget of $100 billion, and the government is projecting that the market will grow to $13.4 billion by 2027.
Forecasts of India's smart city market growth
262
between 2022 and 2027
Solving Challenges, Driving Success.
The growth is propelled by factors such as a burgeoning domestic market and government initiatives aimed at fostering smart city development and construction projects. At svod, we conduct a comprehensive analysis of your construction business, identifying growth prospects within the burgeoning Indian market.
Our tailored strategies focus on:
- Optimizing your project lifecycle
- Integrating cutting-edge technologies
- Ensuring compliance with Indian regulations
- Promoting sustainable practices
We provide expertise in forging strategic partnerships, talent management solutions, and insightful advice on market expansion to position your business for sustained growth and success within India’s evolving smart cities and construction landscape.
We help you succeed in India
Build your smart city and construction business in India with Svod Advisory. We offer strategic guidance, technology integration, and sustainable practices to help you succeed. Our team of experts can help you navigate the regulatory landscape, foster innovation, and secure funding. We’re here to help you every step of the way.
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Integrate new technologies into construction projects
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Navigate the regulatory landscape and build relationships with key stakeholders
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Develop and implement smart city solutions
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Develop and implement sustainable construction practices
How we can help?
Svodadvisory is a value-adding consulting firm that assists you with Construction & Smart Cities in India. Boost your business with us now.
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