I been taken an estimate from a builder in Chennai regarding our house construction of 1200+1400(1st). He has given a quote of 30.
When I tried using the cost estimator, I saw that the cement and other material costs are way too lower than the prevailing rates. In spite of increasing the commodity rates, I still landed up with 22lacs maximum.
My question is: What is the minimun % of margin these contactors have ? Is 30 a fair quote for this 2600sqft house ?.
Any help will be greatly appreciated.
I own a small house , built up area is around 1200 sq ft.all on ground floor. A external staircase is provided to access the terrace . Now I want to add two rooms of 12 x 14 and 10 x 18 with a common bathroom of size 8x6 on first floor. Built up area on first floor works out to be 600 sq ft.
Now how much it will cost me? Assuming all standard material and finishes.
My contacter is saying it will cost around Rs 550 per sq ft that is around 3.5 lakh. Is it Okay?