The construction industry in India has witnessed rapid growth in recent years, in line with the rise in population as well as the availability of more disposable income in the hands of the people. The entire industry can be categorised into two separate segments, namely the real estate and the infrastructure segments. While real estate comprises residential construction, as well as construction for commercial or industrial purposes; the infrastructure segment includes construction for urban development and transportation purposes. The construction sector involves government as well as private sector participation through various mechanisms such as public-private-partnership (PPP) and build-operate-transfer (BOT). The industry is also linked to other ancillary sectors such as steel, cement, chemicals, tiles, paints, and so on. However, the industry faces certain challenges in the form of shortage of skilled and semi-skilled manpower, lack of adequate investment and insufficient technological advancement. Hide this