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starting new cnstruction

Fri Nov 18, 2011Total posts : 5
Uday Kulhalli
Uday Kulhalli
Join date: Nov 2011
Topic: starting new cnstruction

I plan to get 777 sq feet small home built on the vacant land .My contractor has quoted me a price of Rs 1800/per Sq. feet for the built up area. I am told the cost has escaleted in last 2 years. I only want a modest quality of construction-not after flash block. Please comment if you think this is too pricey. How can I lower my cost?
Sat Nov 19, 2011Post  #1
pradeepbagga
pradeepbagga

Join date: Jun 2011
Post subject: FINISHING ITEMS AND COSTING

As ur contractor quoted a price of 1800/sft of the covered area..there must be some specifications , the covered rate will depend upon the specifications,as the structural part of the building is concerned u can not compromise ,u will have to use the first class materials and u can not cut the cost here...while finishing u can upto some extent lower the cost like in wood,cp fitting doors,flooring etc.so many items.
 
Mon Nov 21, 2011Post  #2
S L Gupta (Civil Engg)
S L Gupta (Civil Engg)

Join date: Mar 2008

Dear Pradeep

In my view rs 1800/sft COST is on hire side. If you have comlete drawing which you shown to contractor then it is suggested  that contact at support@gharexpert.com for detail estimate with the specfication you need to emplement at yuor dream house. They will provide you detail cost of each and every item used in the house with respect to market price. after that you will be in better possition to negotiate with your contractor for cost and specification to be used.See the link given below

http://www.gharexpert.com/Estimator/detailed_cost_estimate.aspx

 
Mon Nov 21, 2011Post  #3
pradeepbagga
pradeepbagga

Join date: Jun 2011
Post subject: price hike.....

sir as u know the prices of material increases daily...and u can compare the labour cost of today and last two year u will come to know that it increases upto 45-50%,so the average construction start @ 1200/sqft..... ,because now a days thecosting of structure part of the building comes @ 750-800/sqft.,and remaining finishing items....so u can cut the construction cost in finishing items.
 
Tue Dec 06, 2011Post  #4
ravi at Dalmia
ravi at Dalmia

Join date: Oct 2011
Hi Uday, the price of land has surely increased compared to 2 years ago and so has the cost of construction materials. A minimal cost on the interiors is where you can save some. As per the construction of the home goes, make sure  the best material is used for it. Apart from this, less rooms would also reduce your material costs.
 
Fri Dec 16, 2011Post  #5
Uday Kulhalli
Uday Kulhalli

Join date: Nov 2011
Post subject: Starting new construction

Thanks for your advice. It was helpful and I was able to negotiate down the cost with my contractor to Rs 1400 per sq. foot-while not compromising on the foundations and strutctures.

Uday

 

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