Crisil, a global analytical company has estimated that India's infrastructure spending is projected to reach at least ₹50 lac crore between FY18 and FY22.
As per the report, the states of Maharashtra, Gujarat and Goa along with the Union Territories of Daman & Diu and Dadra & Nagar Haveli have attracted a major chunk of infrastructure investments, both domestic and foreign.
Maharashtra is the first in terms of investments in infrastructure projects, especially in the transportation sector, that includes road, rail and port, NITI Aayog revealed in a 2017 report. The report further stated that Maharashtra, with 1,097 infrastructure projects under way, was ahead of all the other states.
Our Take
Eighty percent of the world's population will reside in cities or urban areas by 2050. This urbanization creates demand for real estate and infrastructure development around the globe.
Real estate and infrastructure represents one of the largest industry sectors and encompasses business enterprises that range from investment and asset management to the development of residential, industrial, office, and retail uses to highways, transit major public facilities, and underground supply networks.
Infrastructure follows a directly proportional relationship with Real estate. Growth in one will automatically lead to an expansion of the other. An increase in quality infrastructure will aid in giving a boost to the real estate sector with improved prices.
The Maharashtra government is expediting urban infrastructure projects like Metro Rail, Monorail, Expressway, Coastal Road, Mumbai Trans Harbour Link and the Navi Mumbai International Airport.