Building a house is one of the most important moments in anyone’s life. It is a once-in-a-lifetime opportunity that not many middle-class families get. Thus, it is important to squeeze as much value from your house construction cost as possible. There are many factors that you need to take into consideration when starting your home construction work. There are things like labour costs, material costs, and transportation costs of the materials to the site of construction.
In Kolkata, the house construction cost can vary depending on many different scenarios, like location, scope of transport, availability of building materials and labour. Therefore, in general, the construction cost per square foot can change. Thus, you need to keep a lot in mind when starting your house construction work. Therefore, our aim in this blog will be to give you thorough information on house construction in Kolkata and how to calculate the construction cost per square foot.
Apart from material costs, another challenge that many common person faces is land cost. Unlike apartments, for house construction, acquiring land is necessary. But in recent years, we have seen a sharp upward spike in plot prices. In Kolkata’s core areas, you can expect to pay up to Rupees 27,000 per square foot. Few plots in the Alipore area can also cost a whooping Rupees 41,000 per square foot.
Therefore, it is better to avoid locations like Salt Lake, Ballygunge, or New Town which are very costly. Many people are heading towards suburban areas which are a lot more affordable for the common folks. Rajarhat, Howrah, 24 Pgs South or Barasat offer more affordable rates. But your concerns do not end there, once you have acquired a plot, you have to think about building material costs. Like any other essential items in the modern era, construction materials are also getting more and more expensive.
If you keep up with the budget news every year, you will know that the Indian government once in a while increases the taxes on house construction materials like cement and steel bars. This ultimately hits the wallet of the common people who have to bear the heavy GST. Therefore, building a house in the modern era is a lot more expensive than it was a few decades ago. The house construction cost in Kolkata has increased by around 10-12% over the years.
Read Also: How FE 550D TMT Bars Can Lower Construction Costs in India?
It will be hard to track down the exact house construction cost per square foot as it will vary across different locations in Kolkata. Therefore, we are compiling an average costs that you should expect when starting your home building. To start off with, there are mainly three types of construction tier which comes with their own budget:
If you are looking into this tier, it means you are sensitive about your budget. Therefore, it is suitable for budget-conscious projects, basic construction involves standard materials, basic interior finishing, and minimal customization. The cost typically in Kolkata ranges between ₹1,800 to ₹2,200 per square foot.
When you move up a ladder, in this tier you start to see higher-quality materials and better finishing options for a more refined look. But of course, all of these upgrades come with extra expenses. The cost typically ranges somewhere between ₹1,950 to ₹2,500 per square foot.
This is the tier where you have decided to go all out. Here the budget gradually increases but you get access to the best quality, aesthetics, and design in home construction. It includes superior materials, luxury fittings, and custom interiors. In Kolkata, you can expect the prices to be ₹2200 to ₹2,800 per square foot.
To make you understand better, let us take an example of a plot whose average size is 1,500 square feet. We are choosing a standard construction tier and running the calculation from there. The standard formula for calculating the construction cost per square foot is –
Total Construction Cost = Construction Rate × Total Built-Up Area.
Therefore if we put numbers like construction rate (standard quality which ₹1,800 per square foot built on a 1,500 square feet area. Then we will have –
Total Construction Cost=₹ 1,500/sq ft×1,500sq ft= ₹2,700,000.
Thus, you need a budget of ₹27 Lakhs to build a house on a 1,500 square feet area. But remember, many of these costs will vary depending on the time as well as the type of construction like a duplex or multi-storied building. Such construction will require additional charges from labour and extra material costs will also add on.
Let us break down the component costs that you will get during your home construction in Kolkata. The first step involves laying a strong foundation, the material costs will depend on the soil type and terrain area. Moreover, you need quality materials to build walls, columns, beams, and roofs. In this case, depending on the S-E-L Tiger TMT bars is the better choice. With over two decades of experience, S-E-L Tiger manufactures the best TMT bars to keep your home safe.
On the other hand, going with good quality cement for added reinforcement will finally add up to 20-25% of total costs. Roofing and flooring will contribute to 15-20% of the total cost depending on the type of roofing (e.g., RCC slab, asbestos, tiles, marble, and wooden flooring). Doors and windows are essential to keep your home secure. Thus, installing good-quality doors and windows are necessary. Materials like wood, UPVC, and aluminium play a big role in this component and will be around 10-15% of the total costs.
Before ending this blog, you should know that giving finishing touches to the exterior and interior of your home is also costly. In particular, electrical fixtures, plumbing, and other interior decor items vary significantly in cost depending on quality and customisation. This will add up to a staggering 20-30% of the total house construction cost. With all that being said, S-E-L Tiger wishes you luck in creating your dream home. Remember, if you opt for our TMT bars for your house construction, It will help your house to stand tall for many years to come, and that’s a guarantee!
