June 18, 2021
Cost of construction
Cost of Constructing a House?
What is the cost of Constructing a House in India? must be the most crucial question that you have if you have just decided to build your dream home. It is an essential question because if you know beforehand the amount of hard-earned money you’ll be spending, you can make a much more informed and correct decision, right??
The problem is not if I can tell you how much you will spend, but the problem is whether you will believe my estimate? You will surely go and ask many different people the same question, few of them would have built their houses. They would be able to inform you the cost of construction in a much more definitive way, but your mind will never agree. You will always feel that you can build your dream home in a much more economical way, as you are much smarter and you can take time off from office and buy materials at a much-negotiated and discounted price. Sorry to break it to you, but the answer to the cost of constructing a house is straightforward, it will always cost you 25% more than what you think you are going to spend building it. The cost of construction in India varies a lot, not only from place to place but also from time to time. Simple example is that the cost of bricks increase by almost 50% during the monsoon season & if you happen to be the unfortunate one buying bricks during that time, then your cost of construction has already increased. Various factors, such as wastages, breakages, re-works, etc., also eat up into your properly planned budget. Hence you should get a proper estimate from an Architect or a qualified and experienced engineer before you start constructing your dream house. Having the right set of drawings and details will help you in saving you money. You can order your complete house design on www.houzone.com. The following tips will hopefully help you make an informed decision:
1. Cost of Construction in India is between Rs. 2,000/- to Rs. 2,500/- per Square Foot of Slab Area for a simple and beautiful house. The cost increases if you increase the cost of finishes such as Italian Marble or False Ceiling, Punning, etc. etc.
2. Constructing two or more floors is more economical than only constructing a single floor. The additional cost of footings, plinth beams, excavations, fillings, etc., gets averaged to upper floor construction.
3. It takes a minimum of 6 months to construct the bare shell of the house, including brickwork and plastering, so plan to start construction at least six months before the start of the monsoon.
4. Designs, Drawings and finalizing the floor plans, cost estimates, elevations, etc., takes about two months; try and give more time for design discussions and do not change the design once it is finalized unless you agree to cost overruns.
5. Don’t fall for the trap that a cheaper material and cheaper construction is possible, you can economize the construction by proper planning and proper design, but trying to construct your dream house in a much cheaper way because some intelligent person tells you, will only lead to additional unknown expenses at the cost of quality.
Whatever you decide, it is important to plan and discuss your budget openly and frankly with your Architect or Engineer. You can also avail the services of www.houzone.com to get your house Designed online and get a proper cost estimate for your dream house and wish you all a very Happy House Construction.