The local chapter of Builders Association of India will open a branch in Hazaribagh on Thursday.
The new branch will cater to the needs of the construction industry in Hazaribagh, Ramgarh, Giridih, Koderma and Tilaiya.
Chairman of the association A.K. Srivastava said: “The rapid growth in the construction sector in Jharkhand has prompted us to open the new branch.”
Currently, the builders’ association has offices in Jamshedpur and Ranchi.
When asked about the reasons behind choosing Hazaribagh, Srivastava said, “Hazaribagh was chosen because due to low adivasi population, the district has less schedule areas. Therefore, there is more scope for new construction projects,” he added.
Srivastava further said that the new branch would contribute to solving problems within construction industry and boost development in the region.
The new branch of Builders Association of India plans to hold regular sessions with prospective buyers and real estate developers regarding the nitty gritty of construction projects and the many rules developers shall adhere to.
The outfit also aims to spread awareness among property buyers so that they do not fall prey to cheats.
Sources said in the last five years, the construction sector has enjoyed a boom. High-rises have mushroomed in major cities. At the same pace, cases of property fraud have also surfaced in large numbers.