Construction Industry Essay

The construction industry is an important indicator of the development as it creates investment opportunities across many other sectors. In India construction industry is the second largest industry after agriculture industry.

Construction industry can be divided into mainly three segments:

• Real estate construction includes residential and commercial construction

• Infrastructure building like roads, power, airports, railways etc.

• Industrial construction like oil and gas refineries, pipelines textiles etc.

The construction industry is highly fragmented in India. There is large number of unorganized players in the industry. The construction industry mainly works by contractual agreements. Over the years many different types of contracts have been made to make its working easy. It mainly depends on intensity and type of work, annual

For example, a unit on the top floor of the apartment building can be called as penthouse. Some of the different types of apartments are listed below.

1.3.1 Studio apartment

The smallest self-contained apartment in the US is called studio or bachelor apartment. This apartment mainly consists of single large living room which can be used as living, dining and bedroom and usually also contains a kitchen with separate smaller bathroom.

1.3.2 Garden apartment

The term garden apartment is defined in different ways depending upon the regional practices of the country or area. These apartment complexes are usually low rise buildings with landscaped grounds surrounding them. Each apartment has its own building entrance, or shares the entrance through staircase or lobby that adjoins other units. Mostly each house occupies only one level. And these garden apartment complexes are mostly three storied apartment complex.

1.3.3 Secondary