India would become fourth largest infrastructure projects market in the world by 2030 as real estate and construction sector is continuously evolving in the country, according to a RICS report.
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• At present, India is at sixth position with 5.3 per cent share in the global infrastructure market.
• More than 50 per cent of urban growth will come from just seven countries: India, China, Nigeria, Indonesia, the USA, Pakistan and the Democratic Republic of Congo.
• China and India will contribute more than one-third of the total growth.
• It also added that Indian government has announced plans to not just create REITs but also investment infrastructure trusts (InvITs).
• Investors, and the construction and real estate sectors more broadly, need to monitor changing policy landscapes to ensure they are ready to take advantage of new opportunities, the report said.
• About Royal Institute of Chartered Surveyors (RICS)
  • The Royal Institution of Chartered Surveyors (RICS) is an independent, representative professional body which regulates construction and property professionals in the United Kingdom and other countries around the world.
  • RICS provides education and training standards, protects consumers with strict codes of practice and advises governments and business
  • The institution was founded in London as the “Institution of Surveyors.”
  • The Surveyors Institution became the “Chartered Surveyors’ Institution” in 1930
  • Currently it trades as a limited liability company.
  • RICS is headquartered in London with 14 regional offices in the United Kingdom.