Construction Cost In Hyderabad Per sft How to Minimise

What is the cost of construction per sq ft in 2024 March?

“In 2024 March present average construction cost in Hyderabad ₹1550 to ₹1850 per sft  from basic from 1400-1500 and premium class from 1800-2200 [ersft it varies significantly from one location to another , quality to quality and the building materials used in construction and the building construction company you hire . For example, construction costs in a village are typically less expensive per square foot than those in cities. This variance is influenced by multiple factors, including the availability of materials, labor, and sand supply. Factors such as the type of materials and furniture used, as well as the cost of transportation, also play a crucial role. In particular, in Hyderabad, the construction cost per sq ft can differ significantly depending on whether you opt for high-quality materials versus lower-quality materials. To obtain a more accurate estimation, it is advisable to contact the local contractor for the exact cost.

Hyderabad Construction Cost Using Builder (Both Material + Labor Outsourced)

Category	Value
Area of Construction	1000 Sq Ft
Construction Estimate	17,25,000 Rs
Standard Construction Cost per Sq Ft in 2024	1725 Rs

 Residential Construction Cost per 1000 Square feet in Hyderabad  (Material provided by self + Labor Outsourced)

Quality	Basic	Sandard	Premium
Area of Construction	1000 Sft	1000 Sft	1000 Sft
Construction Cost Estimation	Rs 14,00,000	Rs 16,50,000	Rs 22,50,000
Residential Construction Cost per Sq Ft with material	₹14,00 sq ft	₹1625 sq ft	₹2250 sq ft
Residential Construction Cost per Sq Ft without material	250 sq ft	₹325 sq ft	₹400 sq ft

You can reduce 75-100 per sq ft if you material is provided by you and if you order all the material  in bulk  

cost of construction per sq ft Hyderabad per sft

Commercial Building construction  cost in Hyderabad

Construction scenario	Area of Construction	Construction Estimate	Construction Cost per Sq Ft In Hyderabad
Material Arranged by Self, Only Labor Outsourced	1000 sq ft	15,50,000 Rs	1550 sq ft + 325 sq ft =1875 INR/ sq ft
Commercial Building construction  cost (Material + Labor Outsourced)	1000 Sq Ft	19,25,000 Rs	Rs 1925 INR

100 sq yards C onstruction cost

Effect of GST in Construction

 Moreover, the report indicates that the introduction of GST has somewhat reduced the total cost of construction. To understand the effect of GST on the cost of construction in Hyderabad, an evaluation of the pre-GST tax rates compared with the current taxation system was conducted. The implementation of GST has marked the end of tax variation issues, not just in the real estate market in Hyderabad but across all industries. GST introduces countrywide uniform taxes, and the system mandates builders to purchase products from registered suppliers, thereby reducing ambiguity. The impact of taxation on various construction components seems to vary; however, GST has generally reduced the total cost of construction to a certain extent. Before you dive in to  the construction cost you need to know about few terms 

Comparing Residential Construction Cost in Hyderabad vs Delhi vs Mumbai

1) Based on the report, the introductory rates of 8mm and 16mm TMT bars were between Rs 41,700 and Rs 47,700 per ton in February 2020. But now in 2024 price of tmt bars price increased to Rs65,500 Rs 75,000per ton.The costs of the entire length of the bar have increased by approximately Rs 14000 – Rs 16,000 for a ton. 2)The main source of construction costs is the price of cement. In Hyderabad, the price of one cement bag ranges from Rs 260 to Rs 350. However, in 2024 the cost of cement has increased, due to surges in electrical and fuel prices, the cost of 1 cement bag is Rs 365-470. Additionally, the cost of Portland Pozzolana (PPC) cement has risen from Rs 250 per bag to Rs 350-400 during the same period. Consequently, there has been a significant increase in the residential construction cost per square foot within the Greater Hyderabad limits. 3) CREDAI said that the construction cost in Hyderabad has increased by around Rs 500 per square foot. “If the construction project is completed on a 1,000 square feet property, the construction costs will increase by 5 lakhs. So, the price will increase by 10 lakh rupees to construct an area of 2,000 square feet. These are only additions to the other expenses. 4) The official further stated that the cost of construction materials in Hyderabad must be cut because it impacts both contractors and buyers. Compared to other Metro cities with construction costs, It is the fourth highest. Hyderabad ranks fourth in the rankings, with Mumbai, Bengaluru, and Chennai in the top three positions. 5) The house construction cost for a Class “A” office is 2375 per sq ft, complex or multiplex is 3895 Rs per sq ft. A Five-star hotel with FF & E (Furniture, Fixtures, and Equipment) is priced at 11400 sq ft. The construction cost in Hyderabad, a large industrial structure, is around 4085 Rs sq ft.

House Construction cost per sqft in 2023 vs 2024

In Hyderabad, the construction industry has experienced a substantial increase in costs from 2023 to 2024, with a notable rise of 8-10%  construction cost per sq ft in Hyderabad 2023 was 1450 -1500 per sqft . This surge influenced by many factors, including inflation, an increase in labor shortage rates, and escalating material prices, all of which have collectively motivated the construction cost. The significant demand for skilled labor, coupled with the broader economic environment, has further contributed to this upward trend. These shifts present challenges for stakeholders, necessitating strategic adjustments in project planning and budgeting. Additionally, heightened competition for resources within the construction sector has added to the upward pressure on costs. Successfully navigating this dynamic scenario requires a nuanced understanding of the local construction market and the implementation of adaptive project management strategies. As the industry grapples with these challenges, staying informed about market dynamics becomes crucial for effective decision-making and sustainable project outcomes

Tips to Minimise construction cost In Hyderabad

Hyderabad is ever evolving in terms of construction , managing construction costs effectively has become increasingly important. With the city’s property prices reaching new heights in 2024, it’s essential to adopt strategies that help in reducing the overall expense of building a home. Here are the some of the tips to minimise cost from selecting the right plot to integrating smart technologies and choosing cost-effective materials.

How to reduce construction cost in Hyderabad

Land prices in Hyderabad are significantly in 2023 a property auction conducted by government of Telangana 1 acre in kokapet went up to 100 cores making it as highest bid amount per 1 acre in property auction history. So, Choosing a cost-effective plot in Hyderabad involves selecting locations slightly away from main roads. Less expensive than prime locations, these plots can significantly reduce initial construction costs. Level plots aligning with the road also save on land filling expenses.

Design Considerations

Go for simple, functional house designs to avoid excessive construction and elevation costs. An efficient layout for both the exterior structure and interior design minimizes unnecessary expenses and helps in better planning for material and furniture procurement.

Building Material Selection

Do market research make a list of building materials suppliers. Negotiate with them and buy good-quality building materials in bulk quantity to save costs. Prioritize essential materials like cement, bricks, tmt bars, and sand, and procure them at discounted rates. This strategy is crucial for maintaining a balance between quality and budget. Related article: 2024 building materials price list 

Smart Technology Integration

Utilize modern technology in house construction for precision and cost-efficiency. Techniques like Building Information Modelling (BIM)  Ready mix concrete and Green Housing can help reduce construction costs and time. Using online construction cost estimators also aids in budget management.

Hiring Experienced Professionals

Check the tract record expert interior designers or architects to gain insights into cost-effective construction practices. Ask them to show case there pervious work. Although hiring a professional incurs an initial cost, their expertise can lead to long-term savings by avoiding expensive errors and ensuring compliance with the latest construction trends.

Avoiding Mid-Construction Changes

Stick to the finalized construction plans to prevent cost escalations. Frequent changes to the layout or design during construction can significantly increase the cost per square foot and disrupt the workflow.

Ensuring Adequate Utility Supply

Verify the availability of essential utilities like water and electricity at the construction site. Securing these supplies beforehand avoids the extra expense of installing separate utility connections, thereby keeping the construction within budget.

Wisely Choosing Finishing Materials

Control expenses by comparing prices for finishing materials like doors, flooring, and windows. Purchasing in bulk from a single dealer can result in better rates, reducing the overall cost of construction finishing work.

Utilizing Prefabricated Parts

Incorporate prefabricated components in construction to save costs and time. This modern approach involves assembling parts of the house built at a separate location, streamlining the construction process.

Opting for Fly Ash Bricks over traditional bricks

Choose fly ash bricks over traditional red bricks for cost-effectiveness and durability. Fly ash bricks are less expensive and offer better strength, reducing construction costs while enhancing the structural integrity of your home.

Saving on Labor Expenses

comparative to other top cities in India labor rates in Hyderabad are high after Mumbai and Bangalore , efficiently plan and manage labor hours to optimize costs. Estimate the required number of labor hours and duration, helping you budget accurately for labor expenses.

Selecting an Appropriate House Shape

The shape of your house impacts construction costs. Designs that minimize the exterior area can help reduce expenses. Efficiently planned house shapes lead to lower construction costs and potentially lower utility bills.

Choosing Paint and Putty Economically

Reduce painting costs by selecting lime-based shades and applying multiple coats for vibrancy. Opt for high-quality sand for plastering to diminish the need for putty, thus saving on finishing costs.

Cost-Effective Flooring Options

Select budget-friendly flooring materials. Consider alternatives like concrete flooring, which is not only economical but also durable, reducing long-term maintenance costs.

Reducing Wall Count

Minimize the number of walls in your house design to decrease construction costs and expand living spaces. Fewer walls also allow more natural light, reducing electricity usage and enhancing the aesthetic appeal of your home.    

Construction Calculator

Built-up Area (sq. ft):

Cost per Sq. Ft (in rupees):

Calculate