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What is the construction cost in Bangalore and How can We Reduce It?

What is the construction cost in Bangalore and How can We Reduce It?

 

The construction cost in Bangalore real estate in 2021 varies from Rs 1650/ sq ft to Rs 1900 sq ft. It depends on different factors and requirements. Suppose someone is planning to build a 1BHK house or a 2 BHK house in Bangalore. He must ensure first that he can pay legal taxes and charges and complete the buying process. Constructing a home is not easy in a metropolitan city where several challenges emerge daily. A worldwide infrastructure represents that this city is very costly compared to other cities. The government bodies also play a vital role while estimating, building the cost of a home in a metropolitan city. They apply their registration charges and stamp duties when someone buys land, a home, or flats in Bangalore. We see a significant change after the covid pandemic, the material cost already increased, creating a substantial problem while constructing a home in Bangalore.

Estimated Construction Cost Per Sq ft 2021 in Bangalore

  • Bangalore, the Silicon Valley of India, attracts many IT persons to live and settle in this city, considering job opportunities and career prospects. Also, due to its comfortable and pleasant climate and cultured life, almost every town plot is occupied. Residential or house in Bangalore construction cost per sq ft is highly-priced considering its increased demand. Near estimation of construction cost per sq ft in Bangalore varies from Rs 1500 to Rs 1700 per sq ft but depends a lot on your choice.
  • This price may increase further if the plot you want to construct is located at a prime location. According to a released report, it has been shown that a majority of housing or residential properties located in the heart of Bangalore has increased from Rs 2500 to Rs 3500 per sq ft in a short time.

 

Build/Construction Approval Cost in BBMP and BDA-limits in Bangalore

  • Budgeting for construction costs includes more than just the money for the materials and the plot. A piece of the budget (about 10%) should be earmarked for clerical tasks such as approving the plan by the BBMP (The Bruhat Bengaluru Mahanagara Palike). It would help if you also kept in mind that budgeting doesn't give you the exact amount, but it's more like an approximation score of spending as a whole.
  • The BBMP plan approval cost for a ground floor, G+1 floor house in Bangalore ranges from 80k to 1 lakh. For G+2 and G+3 level houses, it goes up to 2.5 to 3 lakhs, and for G+4 level construction, it can go up to 3 to 5 lakhs.

 

What is Foundation Cost

  • This is the essential step in building the foundation of your home. You should initially start by looking for the area where you want to get the house constructed, and you should always choose the one that best suits your housing needs. Also, you should always make sure that you cross-check the essential foundation cost online or with a reliable source to ensure that you are paying the correct rate per square foot.
  • After selecting suitable land for the construction of your house, you should always take the assistance of a reputed construction company and ensure that you get the correct foundation cost or starting budget estimate of your construction cost and duration. Apart from the house construction estimate, the fees for approval from the housing authorities and the structural design and architect fee also come under the foundation cost of home construction in Bangalore.


What is Base Cost

  • Under this process, the second step is recognized as plinth costing. After analyzing foundation cost and getting started with basic construction, you have to shift your focus to plinth and beam cost.
  • A plinth is basically the lowest slab developed early in the construction process to strengthen your home's foundation. The reason for evaluating the cost of this chair is to ensure that you pay only for the rate per square foot of your plot and not more than that rate, as the cost of the chair is always calculated per square foot.

 

What is Construction Cost

  • Once you have identified and paid the cost of the plinth, the actual construction begins, and you have to take care of all the construction costs to ensure that the structure of your house is done within the prescribed budget.
  • The house building cost in Bangalore real estate includes construction material, electrical fitting, labour, and countless more. If you do not want all these hassles, then you can also opt for a reputed construction company in Bangalore that can take care of your home construction from scratch.

 

Lift unit and installation cost in Bangalore

For the housing segment, with a large number of floors. There is a need for escalators and elevator installation. Lift unit rates go from Rs 4 lakh- Rs 6 lakh and can go up to Rs 15 lakh for the big lifts.

 

Labour cost for house construction in Bangalore

Labour covers a large part of your budget. Since Bangalore is an urban settlement, the labour cost is high (approx. Rs. 280 - Rs. 320/sq. ft.) This cost is dependent on the completion of the project work. If the project has certain elements, more skilled workers will be involved, also costing more.

 

Timings Affecting Home Construction Cost in Bangalore

Suppose your house takes more time to build, and between that period, there is little change in material cost or labour cost, then it will affect your budget. The only way to stretch your budget during construction is to get a contract with the builder that protects you from any financial loss.

 

Architect's Fee and Clarity

  • The quality and details of the plan have a secondary effect on the cost; if the idea and its specifications are excellent and clear, its execution will also be faster. Confusion and delays resulting in unclear plans create disturbances in the process. Deviations or changes in the program are also affecting the cost.
  • It takes a lot of money to hire an architect, but it turns out to be worth every penny. Hiring an experienced and reputed architect takes away your worries regarding the project. The same happens with the contractor and engineer when the experts hired are experienced; they work efficiently and know all the requirements for the project.

 

The construction cost in Bangalore is following chart:- 

Plot Dimension

Setback Considered

No. of Floors

Super Built Areas as per setback 

Cost of construction

-At Rs 1800/sq ft (After Covid)

20 X 30 Feet

Limited Setback Left

Ground floor only  (G)

600

10.8 Lakh

20 X 30 Feet

Limited Setback Left

Ground floor on+1  (G+1)

1200

21.6 Lakh

20 X 30 Feet

Limited Setback Left

Ground floor+2 (G+2)

1800

32.4 Lakh

20 X 30 Feet

Limited Setback Left

Ground floor+3  (G+3)

2400

43.2 Lakh

20 X 30 Feet

Limited Setback Left

Ground floor+3.5 (G+3)

2700

48.6  Lakh

15 X 40 Feet

2 Feet on the rear only

Ground floor only  (G)

570

10.2 Lakh

15 X 40 Feet

2 Feet on the rear only

Ground floor on+1  (G+1)

1140

20.5 Lakh

15 X 40 Feet

2 Feet on the rear only

Ground floor+2 (G+2)

1710

30.7 Lakh

15 X 40 Feet

2 Feet on the rear only

Ground floor+3  (G+3)

2280

41 Lakh

15 X 40 Feet

2 Feet on the rear only

Ground floor+3.5 (G+3)

2565

46.1 Lakh

30 X 40 Feet

2 feet on all 3 sides

Ground floor only  (G)

988

17.7 Lakh

30 X 40 Feet

2 feet on all 3 sides

Ground floor on+1  (G+1)

1976

35.5 Lakh

30 X 40 Feet

2 feet on all 3 sides

Ground floor+2 (G+2)

2964

53.3 lakh

30 X 40 Feet

2 feet on all 3 sides

Ground floor+3  (G+3)

3952

71.1 Lakh

30 X 40 Feet

2 feet on all 3 sides

Ground floor+3.5 (G+3

4446

80 Lakh

60 X 40 Feet

3FT on all 4  sides

GF only 

1836

33 Lakh

60 X 40 Feet

3FT on all 4  sides

Ground floor on+1  (G+1)

3672

66 Lakh

60 X 40 Feet

3FT on all 4  sides

Ground floor+2 (G+2)

5508

99 Lakh

60 X 40 Feet

3FT on all 4  sides

Ground floor+3  (G+3)

7344

1.32 Crore

60 X 40 Feet

3FT on all 4  sides

Ground floor+3.5 (G+3

9180

1.65 Crore


 

Site location 

Several processes must take place before the actual construction begins. Most importantly, the soil of the site must be in good condition. Otherwise, conditioning steps must be taken, which takes time and money. Other factors affecting site conditions are groundwater levels, wetlands, overhead lines, and buried storage tanks.

 

Substances & Materials

  • The choice of material dramatically affects the construction cost. You can help yourself and those around you by choosing locally available materials. If your fabric is to be shipped from elsewhere, the transportation cost also adds to this. Of all things, material selection is a lengthy process; you'll have to experiment with options for everything like windows, doors, wall paint, plumbing, bricks, steel, and stone. The exact price, cost, and taxes must be known to achieve a more efficient budget.
  • While the housing blocks in gated societies offer a lot of amenities and facilities, they can never be tailor-made as per the wishes of the homeowner or as per their needs. This is why many people favour independent home construction, as it enables them to customize their homes as per their liking and comfort.
  • However, there are specific constraints involved in the development of a house in cities like Bangalore. This demands not only enormous perseverance but also extensive construction calculations and to avoid mismanagement of the fixed budget. Usually, homeowners are either oblivious or forget about the construction cost, which is the reason for various difficulties ranging from increased cost to poor construction quality.
  • Therefore, it becomes essential for every individual to properly break down the cost of home construction in Bangalore to ensure no escalation charges or delays in-home possession of poor quality construction and many more.

 

Some tips to reduce construction costs in Bangalore

Choose Plot Wisely: 

When it comes to constructing your home, the cost of the land is the first thing to spend. If you want to invest, choose an area with potential for growth in the future so that the cost of land can increase over time.  

Choice of Stock Design and Layout:

Layouts and customized designs for buildings can be costly in terms of both time and money. If someone is planning to cut expenses, then go for stock design and layout.

Don't make too many changes in between:

If someone decides to change the blueprint for the project after construction starts, it can cost you dearly. It's always a good idea to take your time to be sure of the plan before work begins.

Save on construction materials:

There are many ways in which you can save on construction material costs. For example, go for locally available bricks, cement, tiles, paints, etc. You should invest in low-maintenance building materials to reduce long-term costs.

Make use of modern technologies: 

The advent of technology has changed the field of wealth creation in more ways than one. When building your home or office, don't hesitate to use these new technologies that can save you a lot of time and money while reducing the scope for human error in construction.

Hire Qualified and Experienced Professionals:

When looking at construction contractors, architects, and interior designers, it is always the best idea to hire qualified and experienced professionals. Who has been in business long enough to be fully skilled and know the best and latest practices in the market?

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