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cost of basement for approach bank for loan

Tue Mar 31, 2015Total posts : 4
srinivas kamsali
srinivas kamsali
Join date: Mar 2015
Topic: cost of basement for approach bank for loan

Hi Sir

1. Please advise me on estimated cost till basement for 100Yards to approach bank loan further.

2. What will be the estimation cost for double bedroom portion in 100 yds.

3. What will be the estimation cost for double bedroom portion in 100 yds. and single bedroom portion in first floor.

Thanks
Srinivas
Tue Mar 31, 2015Post  #1
S L Gupta (Civil Engg)
S L Gupta (Civil Engg)

Join date: Mar 2008
Dear Srinivas
            The cost of construction depends upon the plan of the building and specification used during the construction of building. Write the specifications you want to use during construction and plan of the building so that cost can be calculated.
 
Tue Mar 31, 2015Post  #2
JAI PRAKASH
JAI PRAKASH

Join date: May 2014

There is a process for the Loan for Construction.

You have to contact the person in the bank from which you want to take the loan e.g. SBI.

They will give you the list of formalities which you should have before the application.

Once you have the file ready, you have to contact an Architect or a Civil Engineer who will give you a format with the estimate as per the layout finalized by you.

They will give you the Loan at the rate of 1500/Sq.ft

They will consider only the carpet area, not the plot area.

You have to arrange at least 10-20% from yourself as they will release their first payment after the basic structure is done.

 
Tue Mar 31, 2015Post  #3
JAI PRAKASH
JAI PRAKASH

Join date: May 2014
The costing would be more than rooms.
 
Wed Apr 01, 2015Post  #4
himanshu
himanshu

Join date: Feb 2008
The construction cost varies from state to state based on availability of labour, material,etc. Please specify the location of the construction work then only the tentative costing can be worked. 
 

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