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Planning construction costs
You can organise your construction costs better, by planning your expenditure in advance. To calculate your budgetary requirement initially, use tentative estimates and then detail the requirements, item wise and work wise. However, actual estimates will depend on the design proposed by the engineer / architect for your home and the prevailing cost of raw materials in the market. Assume that you buy 1200 square feet of land at Rs. 250 square feet. The cost of land is 250x1200 = Rs. 3 lacs. Consider that your house will have 200 square feet of open space and a total construction area of 1000 square feet. There are three categories of construction. A superior finish would cost between Rs. 600-900 per sq. ft.; economy finish Rs. 400-600 sq. ft. and low cost finish Rs. 300-400. The chart provides you a tentative estimate for ground floor and duplex constructions. The finishes mentioned indicate types and quality of flooring, electrical works, sanitary & fittings, pai
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