What is the cost of Constructing a House in India?
This must be the most important question that you have if you have just decided to build your dream home. Well, it is a very important question, because if you know beforehand the amount of hard earned money that you’ll be spending, you can make a much more informed and right decision, right?? Well, 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 and would be able to inform you the cost of construction in a much more definitive way, but your mind will never agree and 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 bro, but the answer to the cost of constructing a house is very simple, it will always cost you 25% more than what you think you are going to spend building it.
Cost of construction in India varies a lot and not only from place to place but from time to time, a 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.
There are various factors such as wastages, breakages, re-works, etc. that also eats up into your properly planned budget. Hence it is advisable that you get a proper estimate from an Architect or a qualified and experienced engineer before you start the construction of your dream house. Having a right set of drawings and details will help you in saving you money. You can order your complete house design on www.houzone.com
Following tips will hopefully help you make an informed decision:
- Cost of Construction in India is between Rs. 2,000/- to Rs. 2,500/- per Square Feet 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.
- Constructing two or more floors is more economical than only constructing a single floor. This is so because the additional cost of footings, plinth beams, excavations, fillings, etc. gets averaged to upper floor construction.
- It takes a minimum of 6 months to construct the basic shell of the house including brickwork and plastering, so plan to start construction at least 6 months before the start of monsoon.
- Designs, Drawings and finalising the floor plans, cost estimates, elevations, etc. takes about 2 months of time, try and give more time for design discussions and do not change the design once it is finalised unless you agree to cost overruns.
- Don’t fall for the trap that a cheaper material and cheaper construction is possible, no it is not 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 ahead and discuss your budget openly and frankly with your Architect or Engineer. You can also avail the services of www.houzone.com for getting your House Designed online and also get a proper cost estimate for your dream house.
Wishing you all a very Happy House Construction.