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Decoding The Average Home Construction Cost In Bangalore
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By: tushar
- January 10, 2024
Have you ever thought about turning your dream house into a reality? Well, who has not. However, there is a fine barrier that hinders you if you do not know about it on time. Yes, we are talking about the cost of constructing a home. If you are planning home construction in Bangalore, get ready to relish a beautiful life in this vibrant city. But, for this, it is essential to plan early. Knowing home construction cost in Bangalore will help you stay ahead and take you closer to building your dream home.
Bangalore, hailed as the Silicon Valley of India, has undergone rapid transformation in recent years and has evolved into a hub of innovation. It is the IT hub of India that houses numerous multinational corporations. The city’s evolution into an employment hub attracts students and professionals from all across the country, giving a boost to its real estate market. Today, numerous professionals have settled in the city and are building their homes. If you are one of such individuals planning to build a home in this vibrant city, the first step is to know the cost of constructing a home in Bangalore.
In this blog, we help you with knowing the details of construction rate in Bangalore. It will help you plan better for your home. The blog also details all the factors affecting this cost. With this post, the Home4us team aims to take you closer to your dream home.
Factor affecting home construction cost in Bangalore
Several factors play a crucial role in deciding the construction cost in Bangalore. The most significant ones of these factors are listed below.
Cost of materials
The first and one of the most crucial factors is the cost of construction materials. The raw material used for building a home and its cost significantly influence the home construction cost. Several market forces contribute to fluctuation in prices of these materials. As a result, it is essential to stay informed about the market trends before starting with the construction. From steel to cement, the changing market trends can vary the cost of the construction materials, impacting the overall cost of the project. Smart planning and proactive monitoring will help you make informed decisions and mitigate the risk of unforeseen escalations in costs during the construction process.
Project duration
Another significant factor influencing the building construction cost in Bangalore is the project duration or the time taken for construction. If the construction of a home extends beyond timeline, the cost significantly varies than estimated due to the fluctuations in the market. Efficient time management is crucial to curb the escalating costs. It is because delays in the construction process not only leads to increased labour expenses but also expose the project to the inflation influence. Prolonged construction process also raises the project management costs. Therefore, it is essential to timely construct a home and manage its construction to ensure you do not spend much above what was estimated at the start.
Site location
Next on the list of factors affecting the construction cost is the location of the house. Its geographical positioning plays a significant role in determining the construction expenses in addition to the land prices. For example, if you are constructing a home in a premium area, you will have to pay a higher price for land acquisition and subsequent construction. These areas are characterised by the proximity to desirable amenities and commercial hubs. On the other hand, the construction cost in suburban areas is much more cost-effective. Therefore, to know the cost for constructing a home, it is essential to evaluate the costs in the specific area.
Land cost
The construction cost in Bangalore is also affected by the cost of the land. Acquiring land sets the foundation of the entire project. It is the initial investment for constructing a home. Cost of a plot depends significantly on its location. If it is located in a premium area, it will be highly priced. However, if it is in an affordable locality, the cost will be lower.
Foundation cost involved in constructing a house in Bangalore?
While constructing a home, the first and most crucial stage is laying the foundation of a home. This stage starts with identifying the location where you wish to build your home. One pro tip is to choose a location that fulfils all your requirements aptly. Another tip is to double check the price of the foundation in the particular area. You can check this online or with a reputable vendor. It will help you verify that you are paying the right price per square foot for the foundation. After finding the most suitable piece of land for yourself, you must seek advice from a trusted construction company to ensure that you receive an accurate foundation cost estimate. It will help you know the construction cost and time frame for your project.
What is the base cost involved in construction cost in Bangalore?
The next stage in the process of home construction is known as ‘plumbing pricing’. After evaluating the foundation cost, the next step is to determine the base cost. The basic construction involves building the lowest slab to support the home’s foundation. Consult a trusted builder to determine the right price.
Construction cost in Bangalore– A detailed chart
Frequently asked questions
How can I reduce the construction costs in Bangalore?
One of the best ways to reduce construction costs in Bangalore is by using locally available construction material. In addition to this, it is also essential to plan early.
Is it more economical to buy a pre-built house or construct a new one in Bangalore?
Buying a pre-built home is said to be more expensive than constructing a new one. However, both the options are open for all and it depends on an individual’s choice.
Which cement is the best for home construction in Bangalore?
Birla Cement and UltraTech Cement are known to be two of the best cement companies in Bangalore for construction. Also Read 10 Top Builders in Bangalore | Most Posh Areas in Bangalore