Chintan Sheth
Chairman & Managing Director, Sheth Realty
How do you assess India’s construction industry growth over the years?
India’s construction industry has undergone a remarkable transformation, evolving from a predominantly unorganised sector into the world's third-largest construction market. Over the past decade, the industry has experienced a robust CAGR of approximately 8%, fuelled by the government’s strong emphasis on infrastructure development, rapid urbanisation, and the rising demand for housing driven by a growing population. Key reforms such as the Real Estate Regulatory Authority (RERA) and the implementation of GST have further streamlined the sector, enhancing transparency and bolstering investor confidence.
What is the role of the real estate sector and urbanisation in the growth of the Indian construction industry?
The real estate sector and urbanisation have played pivotal roles in driving the growth of India’s construction industry. As urbanisation accelerates, particularly in tier-1 and tier-2 cities, the demand for residential, commercial, and mixed-use developments continues to surge. The real estate sector, which contributes approximately 7% to India’s GDP, has been instrumental in this transformation. With the urban population projected to reach 600 million by 2030, the need for quality housing, smart cities, and robust infrastructure is expected to grow exponentially. Government initiatives such as ‘Housing for All’ and the ‘Smart Cities Mission’ are further propelling this expansion, setting new benchmarks for the construction industry in India.
How is the company making rapid strides in the real estate market?
At Sheth Realty, we take pride in being pioneers of innovation, consistently delivering landmark projects that redefine urban living. Our steadfast commitment to quality, sustainability, and customer-centricity has solidified our reputation as a trusted brand. By embracing cutting-edge construction technologies such as precast concrete, we have significantly enhanced efficiency. Our strategic alliances and deep market insights enable us to cater to a diverse range of customer needs, resulting in a portfolio that aligns seamlessly with modern urban aspirations. This forward-thinking approach has been instrumental in driving our rapid growth and success in the market.
Which are the major markets/regions being focused?
Our core focus continues to be on the key metropolitan regions of Mumbai and Thane, recognised as some of the fastest-growing real estate markets. These areas are experiencing a strong demand for both residential and commercial spaces, fuelled by robust economic growth, enhanced connectivity, and a steady influx of professionals.
How do you look forward to the emerging opportunities in the market?
We are optimistic about the emerging opportunities, especially in the areas of sustainable development and smart infrastructure. The increasing focus on green buildings and eco-friendly construction practices is unlocking new avenues for innovation. We are also enthusiastic about the government’s strong push for infrastructure development, which is set to create ancillary opportunities in both the residential and commercial sectors. By remaining agile and attuned to market trends, we are well-positioned to capitalise on these exciting prospects.
