Building and construction industry is considered the backbone of any nation. It is an investment-led sector which helps in the development of infrastructure related to residence, transport, industrial, health and education sector. The need for new residential space has risen due to growth in population, an increase in nuclear families, and construction of highways for better road connectivity. Besides, massive investment by governments through the public-private partnership model is also propelling building and constructing industry in emerging economics. This industry act as a catalyst for building other infrastructure and facilities like telecommunications, energy networks, water supply etc. Growing urbanization penetration rate all across the world will push residential and commercial construction business at a massive scale.
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