135,297+ Members
   Get Started   Today's Posts Search Today's Posts Mark Forums Read
IREF® Real Estate in India - Property Discussion
IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Gurgaon > Construction cost of Flats of Group Housing Licenses in Gurgaon psf
Please see and share our IREF promotional video!
Like Tree1Likes

Reply
 
LinkBack Thread Tools Search this Thread
Old February 11 2011, 10:37 AM   #1
Senior Member
 
Join Date: Aug 2010
Posts: 689
Likes Received: 88
Likes Given: 38
My Mood: Cool
Default Construction cost of Flats of Group Housing Licenses in Gurgaon psf

Hi members,

How much is the construction cost psf for for a non luxury flat? The starting price for a apartment in some cities is 1500 psf. It means the cost of construction should be less than 1000 psf. The only difference in metro and small cities is the cost of labour.

Members with construction background pl five your inputs.

  Reply With Quote
Old February 11 2011, 12:04 PM   #2
Veteran Member
 
Join Date: Jul 2010
Posts: 2,091
Likes Received: 287
Likes Given: 48
My Mood: Cheerful
Default

the basic const cost with fittings varies between 1000-1500 sq ft depending on quality of fittings used...


Quote:
Originally Posted by psambher View Post
Hi members,

How much is the construction cost psf for for a non luxury flat? The starting price for a apartment in some cities is 1500 psf. It means the cost of construction should be less than 1000 psf. The only difference in metro and small cities is the cost of labour.

Members with construction background pl five your inputs.
  Reply With Quote
Old February 11 2011, 02:42 PM   #3
New Member
 
Join Date: Nov 2010
Posts: 33
Likes Received: 0
Likes Given: 0
My Mood: Cool
Default

Heard from some wise people, builder start contruction after geting full project expenses from the investors (ie about 30%)
  Reply With Quote
Old February 11 2011, 03:32 PM   #4
Member
 
Join Date: Sep 2010
Posts: 174
Likes Received: 15
Likes Given: 1
My Mood: Cool
Default

Not an expert but one friend told me 700-900 /sq ft for basic apartment but if you go for imported marble, high end kitchen/bathroom fittings, best cement and paint 1100/sq ft.
  Reply With Quote
Old February 11 2011, 07:31 PM   #5
Veteran Member
 
Join Date: Oct 2010
Location: gurgaon
Posts: 2,019
Likes Received: 95
Likes Given: 35
My Mood: Fine
Default

hahaha u r kidding me ?
In a place like gurgaon , construction cost for basic specs like that of pioneer park is 1500 psf.

and luxury apartments vary a lot but surely 2300 +
  Reply With Quote
Old February 11 2011, 07:38 PM   #6
Ex-Moderator
 
Join Date: Aug 2010
Location: Middle East
Posts: 8,767
Likes Received: 1525
Likes Given: 1254
My Mood: Chatty
Default

Quote:
Originally Posted by ISHANb View Post
hahaha u r kidding me ?
In a place like gurgaon , construction cost for basic specs like that of pioneer park is 1500 psf.

and luxury apartments vary a lot but surely 2300 +
Dear Ishant,

Real 007 is right.. i have worked in the Re private equity domain and have made many financial models for PE investments in RE... teh cost varies from 800-1200/1300 ...

2300 is the construction cost for a A grade service apartment 4-5 star....2300 can never be the construction cost for residential, unless some body is coming up with a never before seen kind of specs
  Reply With Quote
Old February 11 2011, 07:44 PM   #7
Ex-Moderator
 
Join Date: Aug 2010
Location: Middle East
Posts: 8,767
Likes Received: 1525
Likes Given: 1254
My Mood: Chatty
Default

In high rise with very good specs, 1500 is a very good cost; it is never in tah range of 2000-2300

Quote:
Originally Posted by amit001 View Post
Dear Ishant,

Real 007 is right.. i have worked in the Re private equity domain and have made many financial models for PE investments in RE... teh cost varies from 800-1200/1300 ...

2300 is the construction cost for a A grade service apartment 4-5 star....2300 can never be the construction cost for residential, unless some body is coming up with a never before seen kind of specs
  Reply With Quote
Old February 11 2011, 07:46 PM   #8
Veteran Member
 
Join Date: Oct 2010
Location: gurgaon
Posts: 2,019
Likes Received: 95
Likes Given: 35
My Mood: Fine
Default

you all are talking about pricing an year back , a lot has changed in an year about pricing , all the building material costs , labour costs , skilled labour costs , transporation cost everything has increased considerably !!1
  Reply With Quote
Old February 11 2011, 07:49 PM   #9
Ex-Moderator
 
Join Date: Aug 2010
Location: Middle East
Posts: 8,767
Likes Received: 1525
Likes Given: 1254
My Mood: Chatty
Default

ask an architech mate, i am talking from a finance angle. in nay case it is never near 2000...it is still near 1500-1600 inr psft.......
i am 200% sure it is never 2000-2300 dude


any constrcution guys here to confirm it?


Quote:
Originally Posted by ISHANb View Post
you all are talking about pricing an year back , a lot has changed in an year about pricing , all the building material costs , labour costs , skilled labour costs , transporation cost everything has increased considerably !!1
  Reply With Quote
Old February 11 2011, 07:50 PM   #10
Veteran Member
 
Join Date: Oct 2010
Location: gurgaon
Posts: 2,019
Likes Received: 95
Likes Given: 35
My Mood: Fine
Default

and when talking about luxury , mind it it includes cost of equipments in modular kitchen, modular kitchen , equipments of washrooms , VRV system , wardrobes (if provided).

and cost of construction in highrise increase as you go higher and higher !
  Reply With Quote
Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Join IREF Now!    
Related Threads
Plot and Construction Cost for Builder Floors in Gurgaon
Construction Cost of Group Housing
Govt cancels licenses of 5 Private builders in Gurgaon
Low cost housing construction cost breakup


Tags
construction, cost, psf
     

Real Estate in India | Delhi - NCR | Gurgaon | Noida | Greater Noida | Mumbai | Pune | Bangalore | Chennai | Kolkata | Hyderabad | Ahmedabad | Goa
Ghaziabad | Faridabad | Chandigarh | Jaipur | Lucknow | Nagpur | Bhubaneswar | Coimbatore | Indore | Kerala | Surat | Vadodara

Home | About IREF® | Forum Rules | Real Estate Glossary | Terms and Conditions | Copyright Infringement Policy
Copyright © 2006-2014 www.indianrealestateforum.com All Rights Reserved.


".Gurgaon.", ".Haryana."India