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Use the cost index method to estimate the current construction cost for a building equivalent to one constructed in 1980 at a cost of Rs. 27 lac. According to the standard review and indexing agency, the 1980 average Building Cost Index was 1941. Suppose that the current year Building Cost Index has been estimated at 3620.
36.23 lac
49.36 lac
50.36 lac
Insufficient data
50.36 lac
Practice and solve "Use the cost index method to estimate the current construction cost for a building equivalent to one..." for Electrical - Economics for Engineers. The correct answer is Option C: 50.36 lac. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(c) **