Cost economics in construction of multi storied buildings

Abstract

India is fast moving forward from agrarian economy to Industrial Economy. Our country is considered to be a safe platform for industrial investment by the world. Global Leaders and very many MNCs (Multi-National Companies) are evincing keen interest in having Joint Venture or opening their manufacturing facility in India.  India is witnessing a boom in industrialisation. This leads to vast employment opportunities to people of all walks of life. People are moving from rural areas to urban areas for occupational needs. This leads to mass arrival of people to city and consequently the rental costs also shoot up substantially. The industrial wage structure being reasonable with assured disposable income, people who prefer to stay in city start comparing rental costs versus paying EMI towards owning an apartment for themselves. The idea gets strong rooted with the easily available institutional finance to people, especially to youngsters with longer duration of EMI. All these result in a sustained demand for apartments. The builders, particularly in the city, are cashing in on the opportunity by embarking upon construction of multi storied buildings in the city and also the outskirts of same.