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Facts indicate that by 2025 the country's construction sector will the forecast period, due to the country's rising population,
be the third-largest in the world, behind China and America, with urbanization, and positive developments in regional economic
an overall value of $1 trillion, with construction output expected to conditions. The construction industry locally is fast embracing a
grow on average by 7.1% each year. In this year's budget, the centrally managed construction process – bringing design,
government increased its expenditure towards infrastructure manufacturing, material sourcing, and construction together into
development by 20.9% from Rs 4.9 trillion (US$75.9 billion) in its one streamlined system – thus making it possible to build high-
financial year. Expected to account for 30.1% of the industry's quality, amazing building structures on time and more cost-
total value in 2023, it is thought that residential construction will efficiently. The next few years are going to be the moment of
remain the lar reckoning for the construction industry to demonstrate its
managerial, financial, and technical prowess to establish new
gest market over the forecast period. It is also predicted that benchmarks in construction management, construction quality,
greater demand for residential construction will be created over and imparting value addition to its products and services.

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