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1. Floor Plan and Design:
One of the major factors influencing construction costs is the cost of architectural, structural, and mechanical, electrical, and plumbing (MEP) design.
An interior designer or an architect may charge close to Rs 20,000 for a 1,000 sq ft floor plan, which will only include the basic specifications like a 3D view of the home, external elevations and area statement depending upon the site and need of the client.”
2.Materials & Labour:
The overall delta would be 2-3% for new projects and 5-6% for existing projects as material and transportation caters to 50-60% of the total cost.
The cost also varies depending on the quality of the resources used in Class c to Class a. With the proper procurement strategy, the client could take advantage of idleness and market competition to obtain a few percentage points off the current prices.
Civil and finishing costs:
The cost of building a house includes, among other things, the quality of raw materials used, the time of delivery, and legal taxes.
Keeping these factors in mind, the construction cost of a 1000 sq ft house in Mumbai can range between Rs 45 lakh and Rs 50 lakh. Also, exercise caution when selecting a contractor.
Ensure that the hired professional has extensive experience and strategically designs the space within your budget.