Mumbai, Nov. 5 -- In modern economies, construction projects serve as a catalyst for economic growth and national development. In India, the construction industry plays a vital role in infrastructure development, urbanisation and employment generation. However, these projects involve significant financial, contractual, legal, environmental and safety risks, necessitating an effective legal framework to regulate their execution.
The India perspective
Construction projects are governed by various legal and regulatory requirements relating to land acquisition, planning permissions, labour welfare, environmental clearances, taxation and dispute resolution. Consequently, construction law is a multidisciplinary field encompassing the development, financing, design, execution, completion and maintenance of construction projects. ..
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Published by HT Digital Content Services with permission from Construction World.