“Assessment & Quantitative analysis of Social Cost-Benefit Analysis of the Real Estate Sector in Nashik Region’’

The construction sector is one of the major contributors for the increase of pollution and environmental degradation. The uncontrolled increase on the consumption of natural resources, the way they are used and the high emissions they arise, are impelling the study and implementation of policies and procedures which ensure a sustainable future for construction and for the sustainability of the planet. The objective of this paper is to present the work developed in order to assess and optimize the sustainability of a residential building at the design stage. The paper based on the relevance of Cost Benefit Analysis (CBA) to the evaluation of proposals on public project executions with a view to restraining resources from undesirable projects especially at the grassroots levels in the developing countries. Further importance and the strength of CBA as a prescriptive method of comparative analysis in determining the most feasible project in a bid to avoiding functional obsolescence (even when newly completed) were elicited through comparison analysis of two (2) public projects proposed Government. The tools employed in determining the most desired project are; Cost-Benefit Ratio in consideration of the tangible costs and benefits while Preference Technique was adopted for the analysis of intangible social costs and benefits. The paper concluded that the application of CBA to the development project proposals will enhance “value for money” in the aspect of good governance, and as well as curtailing wastage of resources that do emanate many at times from undesirability of some public projects. Simulation was used in order to support the optimization of the thermal performance and the indoor thermal comfort. A Social cost benefit analysis, also known as economic analysis, is a decision-making strategy which helps in assessing the impact of investment business projects on the society as a complete. It is also the 101st largest city in the world, by population and is considered one of the fastest growing cities in the Asia-Pacific region. The main difficulty in the most public projects appraisal is their uneconomic nature and impossibility to measure such data, like as turnover and current costs. Standard appraisal methods based on projected profits and investment expenditures are not applicable because of intangible nature of pure public projects. In such cases Cost-Benefit Analysis (CBA) has been applied. The purpose of CBA is to ensure that the public sector allocates scarce re-sources efficiently to competing public sector projects. A basic assumption of CBA is an identification the crucial benefits effected from a project and their valuation to conduct project appraisal in terms of its effectiveness. The aim of this study will be achieved through quantitative analysis by performing survey and conducting interviews with the small scale enterprise holders, the real estate business professionals and the staff at construction sites. The questionnaire will be analyzed with Relative importance index method. The results of this survey will be presented through a SWOT framework and recommendations will be made to overcome the negative impacts obtained from the findings.