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Old February 12 2010, 12:16 PM   #1
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Question Construction Cost in Chennai

What's the reasonable cost for constructing the Home? Which contract is best?? Whole contrat or Labor Contract??

 
Old February 12 2010, 03:50 PM   #2
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Reasonable cost of construction will depend on the type of finishes proposed (Flooring,type of doors and windows, type of electrical and sanitary fittings) etc. The cost can vary between Rs 900/sqft to Rs 1700/sqft depending on the specifications.
If you have enough time to spare for market survey for selection of brands and purchasing the same, please go for a labour contract. You may think of lot of changes in the construction materials/finishes during construction and you are free to do so if it is a labour contract. In a lump sum contract, you are bound to take consent from your contractor for each and every change in specification, even if it is minor. There are also third party professional agencies available to assist in the selection of materials and preparation of specifications.
 
Old February 18 2010, 10:48 PM   #3
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I signed a contract with a builder one year back for constructing 5 apartments (6200 Sqft total) at a rate of 1100. The specifications were normal (ceramic tiles, Teak main doar and flush doors).

I think I should have waited !!!
 
Old February 27 2010, 02:06 AM   #4
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Does car parking area also apply for the sq.ft rate same as the building?

My builder is charging 1100 for the car parking too!!!
 
Old February 27 2010, 05:55 AM   #5
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I guess we may have to pay max Rs. 1400 / sq ft for the highest quality construction (Marble floor, all Grade A quality for plumbing and others) and i don't think this includes Building registration/approval fee etc. Correct me if i am wrong !
 
Old March 12 2010, 03:21 PM   #6
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Quote:
Originally Posted by sakthip View Post
Does car parking area also apply for the sq.ft rate same as the building?

My builder is charging 1100 for the car parking too!!!
for car parking,they may use the Pillar instead of walls.So they have to spent lot material to build a Good pillar.So that they are taking this much of cost....
 
Old March 13 2010, 08:07 PM   #7
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car parking charges are generally < 60% of the cost.
 
Old March 14 2010, 06:35 AM   #8
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If anyone recently done a labor contract for construction, if you could share the end to end experience it would be really helpful.

regards
Sundar

Quote:
Originally Posted by abk View Post
car parking charges are generally < 60% of the cost.
 
Old March 14 2010, 11:15 AM   #9
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I signedup for contract job (labour+materials) at avg of Rs.1050/sft. An addl amt of Rs.1 lac for marble (contractor provided 2x2 vitrified tiles of rs.45) - Car parking at 80% of cost as nagabalan says the pillars cost similar to room. Approvals, EC, C.wall, water tank, septik tank, sump additional. My total cost is Rs.1400/sft all incl. (incl reasonable wooden cupboards, kitchen racks).
 
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