50 MCQs on Building Life: Economic, Physical, Legal

Questions and Answers

What is primarily assessed during regular inspections of a building?

Structural defects (correct)

Market trends

Zoning compliance

Economic forecasts

Which building component is known to have the shortest physical life span?

Electrical systems

Roof (correct)

Foundation

Exterior walls

What indicates the physical deterioration of a building?

Cracks in the walls (correct)

Increasing rental income

Legal disputes

Higher property taxes

How can the physical life of a building be effectively extended?

Retrofitting and renovations Signup and view all the answers

What primarily influences the legal life of a building?

Compliance with building codes and regulations Signup and view all the answers

Who is responsible for issuing building permits in the Indian context?

Local Municipal Corporation Signup and view all the answers

What is ensured through regular legal audits of a building?

Compliance with current laws and regulations Signup and view all the answers

What can occur due to non-compliance with legal standards for buildings?

Penalties and fines Signup and view all the answers

Which document proves that a building is constructed as per approved plans and legal norms?

Occupancy Certificate Signup and view all the answers

What does the term 'Built-up area' include?

All of the above Signup and view all the answers

Floor Space Index (FSI) is crucial for determining:

The maximum permissible built-up area Signup and view all the answers

Which of the following is NOT considered a physical defect?

Market depreciation Signup and view all the answers

What type of property ownership is most common in urban residential buildings in India?

Freehold Signup and view all the answers

The term 'Green Building' refers to which of the following?

A building designed to be environmentally responsible Signup and view all the answers

Economic obsolescence of a building is often caused by:

Changes in market conditions Signup and view all the answers

Which factor can decrease the economic life of a building?

Technological advancements Signup and view all the answers

What defines the economic life of a building?

The period during which the building can generate income. Signup and view all the answers

Which factor is NOT typically associated with affecting the economic life of a building?

Aesthetic upgrades Signup and view all the answers

How is depreciation defined in the context of buildings?

The reduction in market value of the building over time. Signup and view all the answers

What does the physical life of a building encompass?

The span during which the building stays structurally sound and habitable. Signup and view all the answers

Which action can most effectively extend the physical life of a building?

Regular maintenance and repairs. Signup and view all the answers

What method is primarily used to assess the structural integrity of a building?

Engineering inspections. Signup and view all the answers

What is the legal life of a building mainly characterized by?

The period during which the building is compliant with local codes. Signup and view all the answers

Which of the following can lead to a decrease in a building's economic life?

Increased market competition. Signup and view all the answers

What does a Completion Certificate indicate?

Completion of construction and adherence to safety norms Signup and view all the answers

Which body is responsible for regulating real estate transactions and development in India?

Real Estate Regulatory Authority (RERA) Signup and view all the answers

What does retrofitting a building entail?

Updating the building to current standards Signup and view all the answers

Which of the following is typically considered a legal document in building construction?

Construction contract Signup and view all the answers

What does ‘Carpet Area’ refer to in real estate terminology?

Usable floor area within the walls Signup and view all the answers

For what purpose is Building Information Modeling (BIM) primarily used?

Detailed design and construction planning Signup and view all the answers

What is a common reason for structural failure in buildings?

Poor construction quality Signup and view all the answers

Which document is essential for defining the responsibilities and scope of work in a construction project?

Construction contract Signup and view all the answers

An increase in property taxes would most likely impact which aspect of a building?

The economic life of a building Signup and view all the answers

Market value assessment is crucial for understanding what regarding a property?

Economic viability Signup and view all the answers

Which factor primarily leads to physical deterioration of a building?

Environmental factors and usage Signup and view all the answers

Which building material typically has the longest lifespan?

Concrete Signup and view all the answers

Fire safety measures are essential for extending which aspect of a building's usability?

Physical life Signup and view all the answers

Regular cleaning and upkeep of common areas primarily contribute to which benefit?

Extending the physical life Signup and view all the answers

Which of the following is NOT a factor in the physical deterioration of a building?

Financial investments Signup and view all the answers

To legally demolish a building in India, what is required?

Demolition permit Signup and view all the answers

Study Notes

Economic Life of a Building

Refers to the duration during which a building can generate income.
Influenced by market demand, technological advancements, and maintenance costs.

Depreciation

Defined as the reduction in market value of a building over time.

Physical Life of a Building

Represents the time a building remains structurally sound and habitable.
Can be extended through regular maintenance and repairs, retrofitting, and renovations.

Structural Integrity Assessment

Evaluated primarily through engineering inspections.

Legal Life of a Building

Relates to compliance with building codes and regulations.
Non-compliance can result in penalties and fines.

Building Permits in India

Typically issued by Local Municipal Corporations.

Occupancy Certificate

Document confirming that a building is constructed per approved plans and legal norms.

Built-up Area

Includes carpet area, wall thickness, common areas, and the total constructed area, including balconies.

Floor Space Index (FSI)

Important for determining the maximum permissible built-up area for developments.

Economic Obsolescence

Often caused by changes in market conditions, affecting a building’s attractiveness and income generation.

Market Value Assessment

Essential for understanding economic viability and is influenced by property taxes.

Phases of Physical Life

Fire safety measures are crucial for extending the physical life.
Regular cleaning and upkeep of common areas contribute to the overall durability.

National Building Code (NBC) of India

The authoritative code for building standards in India.

Demolition Processes

Requires a demolition permit in India for legal compliance.

Legal Non-Conforming Use

Refers to uses that were permitted when established but are no longer allowed under current zoning laws.

Completion Certificate

Indicates that construction has been completed and adheres to safety norms.

Real Estate Regulation

Regulated in India by the Real Estate Regulatory Authority (RERA).

Retrofitting

Means upgrading an existing building to current standards rather than demolishing it.

Carpet Area in Real Estate

Represents the usable floor area within the walls, excluding common areas.

Building Information Modeling (BIM)

Utilized for detailed design and construction planning, enhancing project efficiency.

Common Causes of Structural Failure

Poor construction quality is a significant factor leading to structural failures in buildings.

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Description

Test your knowledge on the life of buildings with these 50 multiple choice questions focusing on economic, physical, and legal aspects. Understand key concepts such as the economic life of a building, structural integrity, and compliance regulations.