House construction cost in bangalore is Rs 1500 / sq ft (Basic)
The current house construction cost in bangalore is Rs 1400 for a residential building , Its Situated in the heart of Karnataka and is one of the fastest developing cities in India and is currently rated as one of the most popular metros in the country.The current house construction cost bangalore is upwards of Rs 1300 / sq ft, It is regarded as the IT hub of India and is the major reason behind the rising success of the country in the field of IT sector.
The city offers plenty of opportunities to qualified and trained people from different parts of the country as a result of which, people are migrating from various parts of the world to this city. Many factors play a vital role in increase of Residential construction cost in bangalore like rising migration of people in the city has increased the demand of residential and commercial buildings as well as properties to a great extent. It is in these situations where real estate agents are looking to extract maximum profits from this metro city. All the major players in the real estate market are looking to establish themselves in the market.
Factors for increase in residential construction cost
This vibrant city has been one of the most preferred city to make ones home due to cleanliness is one of the major qualities of the city which has made it one of the most livable cities in the country. The residential construction cost in bangalore is Rs 1350 to Rs 1500 / sq ft depending on the materials and finishes , The city has been planned in one of the best ways possible. The roads are smooth and clean and the buildings are constructed in an orderly manner in order to enhance the outlook of the city. The cosmopolitan nature coupled with its extremely pleasant and comfortable climate makes it one of the best places to reside and work. Most of the plots in the city have already been occupied by some kind of building or complex and the ones that are left have been booked by some real estate agent. If you are looking to construct a new house in the city, the first factor that needs to be considered is the current house construction rates in Bangalore.
Booming real estate market one of the main reasons for increase in House construction cost
Residential construction cost bangalore Both commercial as well as residential buildings and plots are valued at extremely high rates especially in the prime locations in the city. Though you may find a number of buildings or plots at cheap rates on the outskirts of the city, finding one in the busy areas is surely going to be a tough task. Statistics show that the majority of the residential complexes is in the range for high-end residential house cost of construction in bangalore is Rs 2500- Rs 3500 per square feet which reflects that a large portion of the city is occupied by middle class people. Certain factors which play a big role in preparing the budget must be considered carefully.
House construction cost impact on final finishes
House construction cost impacts are the materials used for finished of the house like the features of the house plans , elevation designed by architects such as kitchen, bathroom, etc play a major role in determining the shape and size of the house which in turn affect the house construction rates . The quality of the materials used in the process of construction and the costs involved in preparing the site and hiring the contractors, engineers, architects and laborers must be evaluated carefully as well. The quality of finishing required also determines the costs involved. Production costs have also increased due to the rise in the rate of service tax from 10.3%-12.36%. Villas, penthouses, independent houses, chalets, apartments and duplex are some of the best options if you are interested in owning a house.
HOUSE CONSTRUCTION IN BANGALORE Cost for G+1 G+2 G+3 G+4 Floors on 20×30 30×40 40×60 50×80 30×50 100×100 Sites
The Budget for Building a House varies on various factors such as Location of the site, Site dimension, Design requirements, Construction expenses, no of floors etc. There is a huge demand for Housing plots in Bengaluru, due to the increase in IT related jobs which has pulled in educated crowd from entire pan INDIA this has led to a Boom in population there by creating a scarcity in land and real estate which eventually un balances the demand and supply.
This is caused the upwards towards cost in real-estate prices which is causing the increase in Budget for a House owner to budget himself for Building and purchase of land from various options available like 20×30 30×50 30×40 40×60 40×40 50×80 which varies from Rs 2000 per sq ft to Rs 15,000 per sq ft again depending on the closeness to city center or amenities close by like Shops, Hospitals, Shopping centers, Malls, Super markets, Restaurants, Hotels and other general daily needs.
Now we have calculated the different possibilities that one might face while building his Home depending on various factors like BUA, Site dimensions, Construction cost, Duplex house or Rental house or a combination of both.
BUA : Built up Area. Sq Ft : Square Feet
Construction Cost Considered : @ Rs 1800 / sq ft (Building Construction).
Note : Other than the given House Estimate one needs to know that additional expenses will cost extra like Building plan sanction, Meter deposits, Road cutting charges, BESCOM connection, Temporary electrical connection, BWSSB connection, Bore well charges, Main sanitary connection etc.
20X30 G+1 G+2 G+3 G+4 Floors HOUSE CONSTRUCTION Cost
Plot Cost : Rs 25 lacs to Rs 40 lacs.
This is the starting plot size available for construction a house. These are generally very small sites where one doesn’t leave any kind of setbacks. So, one can expect natural light and ventilation from road side only. This is suitable for any low-cost Budget. The land cost can even increase if you purchase if you are looking for a plot closer to city center.
DUPLEX HOUSE G+1 or G+2 Floors Cost : Rs 20 to 28 lacs
BUA : 1000 sq ft to 1500 sq ft
A 20×30 Site having 600 sq ft where one can build a just a sufficient area available to construct a Duplex house having 3 to 4 bed rooms. The sizes of the bedrooms might be smaller say 10×11 or 10×12 only.
Ground Floor : Parking for 1 car and couple of Two wheeler.
First Floor : 1 small living room + Kitchen + Utility area + Dining room + Common Bath room.
Second Floor : 2 Rooms with one attached bath room or common room.
Third Floor : Either add one more room or can plan to have additional amenities like Gym, Terrace garden etc.
Note : If you have a requirement to build a Duplex home then this is the First option that comes under consideration. However also one needs to know that, generally there plots have very small approach roads like 15ft to 20 ft. So, it becomes difficult to have guest street parking on these roads.
RENTAL HOUSES G+2 G+3 G+4 Floors COST Rs 27 lacs to Rs 36lacs
BUA : 1500 sq ft to 2000 sq ft.
Ground Floor : Parking for 1 car with 1 bhk if opting for G+2 floors or Full Parking if G+3 floors +.
First Floor : 2 BHK House with Small Living area + Dine + Common bath + 2 rooms.
Second to Fourth Floor : Same House design as of below floors.
Note : Rental structures are generally considered as ROIs (Return on investments). Considering Todays market a general G+3 or G+4 Structure can yield a rent of Rs 15,000 per floor. Again it depends on the location of the Home.
30X40 G+1 G+2 G+3 G+4 Floors HOUSE CONSTRUCTION Cost
Plot Cost : Rs 40 lacs to Rs 60 lacs.
Theses plots of 30×40 having 1200 sq ft land area are the most common dimensions available. As there is a huge demand for these sites as these are commonly affordable by Mid income families where the entire project cost is within Rs 90lacs including the purchase of land.
DUPLEX HOUSE G+1 G+2 G+3 Floors Cost : Rs 32 to 62 lacs
BUA : 1800 sq ft to 3400 sq ft
This is an ideal dimension to fulfill the minimum clients requirements and needs to build a House. For an Architect this would be an ideal minimum size, where he can explore the possibilities of implementing his concepts with respect to the planning and elevation. Generally they are formed have a minimum of 25 ft or 30 ft road.
Ground Floor : Space to park 1 Single car or Leave entire Ground Floor if building G+3 floors and above. For Option 1 – 1 Liv + Kitchen with utility + Dining + Common bath room + Guest bed room + Pujja.
First Floor : 2 Bed rooms having one attached bath + Family area + Small balcony overseeing the road.
Second Floor : Exercise or yoga room + 1 addition room if required + Media room.
RENTAL HOUSES G+1 or G+2 or G+3 or G+4 Floors Cost : Rs 33 lacs to 76 lacs
BUA : 2600 sq ft to 4250 sq ft
One needs to note that nowadays one might come across building that are having G+4 floors on 30×40 site. As the Plan sanction will only have approval for G+3 floors with ground floor for full parking. This kind of deviation is seen on b Katha site which do more than 35% building bylaws violation which later expected to be rectified when Akrama Sakrama comes into picture. If one builds G+4 floors then its expected to yield a Rental income close to Rs 70K + again depends on loc.
Ground Floor : Parking for 3 cars and adequate 2 wheeler parking.
First to Second Floor : 2BHK + 1Bhkon each floor.
Third to Fourth Floor : 1Bhk x 2 + 1 Room.
40×60 G+1 or G+2 or G+3 G+4 Floors HOUSE CONSTRUCTION Cost
Plot Cost : Rs 80 lacs to Rs 1.3 cr.
Having 2400 sq ft that is on 40×60 site plot is a very ideal space where all the modern designing needs and requirements can be finalized. One can have sufficient space with parking to have landscaping, sit outs, pathways etc. If the client has sufficient budget to afford this site size then one can expect a good house to be designed by an Architect meeting client needs. The options of designing a Duplex concept are of multiple choices matching the budget.
DUPLEX HOUSE G+1 or G+2 and G+3 Floors Cost : Rs 70 lacs to 1.40 cr
BUA : 3900 sq ft to 7800 sq ft
While designing duplex house design on these plots of 40×60 or 2400 sq ft one can have sufficient space left around in the setbacks for better natural light and ventilation. Also one can get modern amenities landscaped area, Home theater, Terrace garden, Media room, Terrace bar counter, Gym area etc. It all again depends on the kind of budget that the client intends to add for these additional amenities.
Ground Floor : 2 Car parking slots or leave entire floor for parking if one needs up to 4 cars. For Option 1 : Large living room + Dining area for 8 persons + Common bath room + Kitchen with attached Store room and utility + One can have 1 Master bed-room bed rooms with attached bath with walk-in-closet with Internal staircase leading to upper floors.
First Floor : 1 Big Master bed room with space provided for a provision of walk in closet with dress area and study table + 2nd master room with attached bath room having shower enclosure + large balcony overseeing the landscaping below + Family living area.
Second Floor : 4th Master Bed room with a provision of Bath tub or Jacuzzi + Family room + 2nd Balcony + GYM room or Yoga exercise area.
Third Floor : BBQ Counter + Terrace garden + Media or Home theater room + Covered Sit-outs + Other facilities Depending on the Planned Budget.
RENTAL APARTMENT HOUSE of G+1 or G+2 G+3 or G+4 Floors Cost : Rs 75 lacs to 1.75 cr
BUA : 3900 sq ft to 9700 sq ft
When considering House construction on a 40×60 site having 2400 sq ft area Building a Rental house or Apartment complex one needs to make sure that this proposed project would be for built for Sale of independent units which requires plan sanctions with minimum or no deviations. In this case it’s also advisable to consider LIFT also. Whereas the other case one can have multiple units just to make sure that the Roi’s (rate of returns are well planned). One can even build 15 to 16 units for just Rental returns while the other case it should be max 4 to 5 units only. In this case also the 4th floor might be a deviation.
Ground Floor : Either full parking with LIFT or partial space for 2 car parks with 1 unit of 2bhk.
First Floor : 2Bhk x 2 nos for Apartment concept or 2BHK x3 nos for multi dwelled units.
Third Floor to Fourth Floor : Can be Changed to 3BHk or the other case 2 Bhks and 2 nos of 1Bhks.
50×80 G+1 or G+2, G+3,G+4 Floors HOUSE CONSTRUCTION Cost
Plot Cost : Rs 1.3 cr to Rs 2.5 cr.
These are very big plots having 4000 sq ft area on 50×80 site dimension. One can plan a Beautiful residential independent house of 4BHK to 6Bhk with all modern amenities for better living. The Architects have a wider scope to design by implementing the best space designing options with the best possible natural light with ventilation.
DUPLEX HOUSE G+1,G+2 or G+3 Floors Cost Rs 1.44 cr to 3 cr
BUA : 8000 sq ft to 14,000 sq ft
One can have the best of the concepts implements like large French windows, swimming pool, Jacuzzi, Open bar, Landscaping with water body etc. One even plan for having two living rooms like formal and informal spaces.
Ground Floor : Covered garage for 2 cars + Foyer + Formal Lining Double height + Bigger Family living + Dining with big French windows opened towards garden area + Island kitchen concept + Store room + Common bath room + 1 Master bed room with work area and large walk-in closet with attached bath + Internal stairs.
First Floor : Can have up to 3 Large Rooms + Family living.
Second Floor : GYM area + Study room + Home theater + Balcony + Sauna room.
Third Floor : Terrace garden + Bar counter + Barbeque area.
APARTMENT CONCEPT G+1 or G+2 , G+3 G+4 Floors Cost Rs 2 cr to 4cr
BUA : 8000 sq ft to 18,000 sq ft
Generally not many construct rental houses on a 50×80 sites it’s either would be a Duplex house as proposed previously or an Apartment complex where it can be sold as flats. Once should go for a complete basement with lift for parking this is done bcz the height building can be restricted.
Basement : Space for 8 to 10 car parking / Go for Stilt floor parking.
First Floor : 3BHK x 2 nos : 2 Master bed room with attached bath + 1 Guest bed room + Dining + Living area + Common bath + Kitchen with utility + Puja room.
Second to Fourth Floor : 2BHK x 3 nos on each floor : Living family area + 1 Master room + 1 guest room + Common bath.
COST FACTORS INFLUENCING CURRENT HOUSE CONSTRUCTION
The current House construction cost is based on many factors. One should calculate the cost of building a House well ahead so that there will not be any difficulty in starting the project.
As the demand for residential and commercial houses has increased in recent past, there is a great rise in construction cost as well. The following factors will give you an insight of the cost.
CONDITION OF THE SITE
The condition of the proposed residential house construction site will have a great impact on the cost of construction. Ground water, poor soil conditions, wetlands, overhead lines, buried storage tanks and archaeological sites are some conditions which will lead to the increase in the cost of the development of the site.
If the soil condition is very poor, rectification steps should be taken. You will want to spend more money on the development of the site.
If the materials used for the construction are available locally, the construction cost will be low. On the other hand, if the material is to be procured from a long distance, it is prone to increase.
The choice exercised by you in the selection of various kinds of materials will have an impact on the cost. The quality and type of material will influence the construction cost. You will want to exercise options on painting, flooring, electrical works, plumbing, bore-well, soil, cement, sand, bricks, water, steel, stone aggregate and doors & windows.
You should be aware of the material cost, shipping cost and taxes so that the calculation can be done very efficiently.
The labor cost will be high Rs 280 to Rs 320 / sq ft. It is higher than the cost in rural areas. As the cost of living in urban areas is high, it will affect the labor cost. If the duration of the project is long, the construction cost will increase. There will be a slight reduction in the cost if the contractor manages a dedicated team of workers who will move with him from one project to another project.
The demand for workforce will be high to execute large construction projects. You might want to call workers from other parts of the state or country to execute the project. The labor cost to perform specialized tasks will be very high.
If the construction project goes for many years, there will be the impact of inflation. If there is an increase in the cost of materials, tools, and equipment, there will be the corresponding correction on the construction cost. You should be aware of the change in labor cost as well. Hence, there should be a contract with the builder so that there will not be any risk to the customer.
The contractor should finish the project as per the deadline. If there is an unprecedented delay, it will influence the indirect cost of the project. If the project schedule is reduced, there will be an increase in direct costs. Hence, you should be aware of the project plan so that you can make the most of your money.
PLAN AND SPECIFICATIONS
The quality of plan and specification will have an impact on the cost of construction. If the idea is good, it can be executed very quickly, and there will not delay in this process. If the plan is not clear, there will be confusion and it cannot be completed fast. As it will take the time to resolve the conflict, the cost of construction will increase.
It is required to insure the tools, equipment, and workers so that the work will be done very smoothly. Standard construction project cost includes general insurance such as performance bond, general liability and payment bond. In some case, additional requirements should be fulfilled which will impact the construction cost.
LOCATION OF CONSTRUCTION
The overall expense is also influenced by the ‘location’ of the construction site. If the market value of the site is high, there will be the corresponding rise in the cost of house construction. The transportation cost of men and material will have an impact on the cost of construction.
ROLE OF ARCHITECTS
The role of Architects hired for the project will influence the cost of construction. If you are going for unique structure, it demands close supervision of the architect, and the construction cost will also increase.
If you hire a reliable and experienced architect, he will ensure that the project will be executed as per the plan. The architect will make sure that all aspects of the project are completed in a perfect way. Hence, by recruiting an experienced architect, you will want to pay higher charges.
REGULAR SITE VISITS
The reputation of the engineer will have an impact on the cost of construction. The contractor should be comfortable in working with the engineer so that there will be the smooth execution of the project. Thus, the project will be cost-effective as well.
In some cases, the project should go through the engineering review so that it will serve the purpose without any issues. The review cost will also be included in the construction cost.
You should be aware of the regulatory requirements. If there is a deviation from the plan, you will want to pay the penalty which will increase the cost.
To meet the unforeseen costs, you should want to allocate 10% contingency towards the total cost of the project. It will cover the inflation cost as well.
With the IT industry offering opportunities for more people, the demand for residential property is growing at a great pace. There are various kinds of house construction. Villas and semi-independent houses are affordable when you move to the outskirts of the city
On the other hand; apartments and group housing constructions are very affordable in the interiors. The demand for residential property will increase in the coming days as many foreign companies are attracted to the location because of the sheer availability of qualified and skillful software professionals. As the demand for residential and commercial space increases, the cost of house construction will also increase proportionately.