Economic Aspects of Construction Waste Materials in terms of cost savings – A case of Indian construction Industry

The excessive wastage of materials, improper management on site and low awareness of the need for waste reduction are common in the local construction sites in India. Today, in most European countries, it is economically feasible to recycle up to 80–90% of the total amount of construction waste and most demolition and recycling technologies are generally easy to implement and control (Lauritzen, 1998). Considering enormous increase in amount of waste generation owing to the growth in construction industry can lead to wastage of materials which has its economic value.Currently, existence of regional and national policies, laws and regulations governing reuse and recycle principles for C & D waste is minimal in India. Thus the paper aims to focus on the economic feasibility of waste minimisation of construction waste materials in terms of cost savings in India.