April 15, 2013 at 4:05 pm #2496
Planning to Construct a House in Bangalore . . . ? Here are a few things you need know
Known as the IT hub of India, Bangalore is one of the most popular cities of the country and is currently attracting a lot of major players in the market for expanding their businesses. It has a prosperous outlook and has plenty of jobs to offer for the youth as well as the experienced.
The city is said to have one of the most colorful lifestyles in the country and is highly renowned as one of the best locations to expand your business in the IT sector. The pleasant and charming weather in combination with the above factors has led to the migration of a large number of people from other parts of the world. The increase in demand accompanied with the lack of supply has increased the importance as well as the value of the prime locations in Bangalore. If you are planning to construct then be prepared to know the cost of construction in Bangalore is Rs 1350 to 1450 / sq ft for the year 2013. Before you proceed with the construction keep the house plans and elevation ready so that a building contractor will quote the correct construction cost required.
Why there is an Increase in Construction cost
All these events in turn have led to the growth of the real estate market in the city. All the major players in this field from different parts of the globe are looking to establish themselves in this city. Increase in demand has increased the cost of properties and the rent for buildings to a great extent. The development of new schemes, projects, assignments and business enterprises every now and then in different parts of the city have also led to a huge demand in residential and commercial buildings. Though the city has been a victim of recession which has been the reason for the downfall in the prices and rents in recent years, it still continues to be one of the prime centers for establishing a new business or expand an already existing one.
Construction your house for the First time… !
If you are looking to construct a new building in the city the first thing that must be considered is the current construction cost in Bangalore which if estimated properly can solve majority of the problems and ease out the other tasks. Certain other factors must be considered before finalizing the price of the building. For example, you must visit the place of construction repeatedly along with the other members who are going to reside or work in the building and consider all the elements carefully. The dimensions and the capacities of all the important portions of the building must be noted and the outdoor spaces like garages, wash areas and parking areas must be given equal considerations as well.
Know about building materials
Proper information must be gathered about the architects , engineers and contractors before handing them the task of constructing the building. The current construction cost in Bangalore is Rs 1350 to Rs 1450 per sq ft. If you are looking to give a medium finish to your building using aluminum or sal or upvc windows and granite or vitrified tiles, you can accomplish all the tasks within a budget of approximately one to two lakhs per square but if you are planning to give a high class finish to the building using teak wood and Italian marble, you must have a budget ranging from two to three lakhs. You need to keep ten percent of the total budget for sanctioning the plan from BBMP and for accounting BWSSB and KPTCL charges and another ten percent for decorating the interiors of the house.
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