The Proliferation of Individual House Builders (IHB) in the Raigad Districts
Author :
Associate Professor Dr. Deepti Pande RanaJourna Name:
INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH AND ENGINEERING TRENDS Country :
IndiaVolume:
10 issue:3 Year:2024 Views : 559
Abstract:
This research extensively investigates the dynamic scenario of individual house builders (IHBs) in Raigad district, delving into the notable growth within the real estate sector and its affiliated industries. The primary focus lies on residential structures, encompassing a variety from bungalows to row houses and small individual buildings, tailored to accommodate diverse family configurations. The upswing in construction activities is ascribed to factors such as ample land availability, improved connectivity, burgeoning employment opportunities, urbanization trends, and the expanding middle class.Various approaches are employed for the construction of these dwellings, involving professional builders, contractors, self-development, or outsourcing. Raigad district, in particular, has experienced remarkable advancements in this domain, solidifying its status as a fertile ground for individual house builders. The synergistic effect of favorable conditions, including accessible land and enhanced connectivity, has led to a noteworthy surge in residential construction.The study adopts a descriptive analysis methodology to fulfill its objectives. By closely examining the challenges faced by individual home builders (IHBs) in Raigad district, the research aims to provide a comprehensive understanding of the impediments that could potentially hinder the sector’s growth. Concurrently, it investigates the growth trajectory of IHBs in the region, shedding light on the factors contributing to their success.The significance of this study transcends the immediate context, offering valuable insights into the potential of the real estate industry in Raigad district. The focus on this specific market niche allows for a nuanced exploration of the complexities involved, presenting stakeholders, policymakers, and industry players with a strong foundation for well-informed decision-making. In the midst of ongoing urbanization and economic development shaping Raigad district, this study serves as a timely and pertinent exploration of the evolving dynamics within the local real estate landscape.