The city-based two large real estate groups on Thursday formed a joint venture to create a construction giant to take on large-scale residential and commercial projects.

Shivalik Group and Hetu Construction Pvt Ltd announced a joint venture under the name of 'S & H Construction' to jointly address the growing needs of the real estate sector.

The two realty groups have till date successfully executed combined 300+ projects and have an experience of constructing over 10 million sq ft space over the past few decades.

Taral Shah, Managing Director, Shivalik Projects, said: "Together, we are powered by a team of highly skilled technicians and labour. Moreover, S&H is associated with the best of architects, structure consultants, interior designers, analytics experts, and other construction specialists from around the world, ensuring an enhanced experience for our end users."

"What makes S&H stand out in the market is our material quality, engineering & design, use of technology, safety guidelines and time taken," said Hirak Desai, Managing Director, Hetu Construction.

According to market estimates, by 2025 India will add about 11.5 million new homes each year. This will make India a $ 1-trillion construction market for each year. It is estimated that by 2025, India, USA, and China will contribute 60 per cent of global growth in the construction sector.

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