House Construction cost Calculator Built-up Area (sq. ft): Cost per Sq. Ft (in rupees): Calculate Construction Summary Material Quantity Percentage Category Cost (in rupees) Percentage Total Cost 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 1 square yard is equal to 9 square feet, not 900 square feet. So, 100 square yards would be equal to 100 yards×9 sq ft/yard=900 sq ft Now, let’s proceed with the calculation based on the corrected conversion: House Construction cost for 900 sq ft at 1625 rupees per sq ft: 1625 rupees/sq ft×900 sq ft=₹14,62,500 Additional costs: Permission: 30,000 rupees30,000rupees Bore (700 sq ft): 1,00,000 rupees1,00,000rupees Pump: 78,000 rupees78,000rupees Meter: 10,000 rupees10,000rupees Total additional costs: 30,000+1,00,000+78,000+10,000=2,18,000 rupees 30,000+1,00,000+78,000+10,000=2,18,000rupees Grand total: ₹14,62,500+₹2,18,000=₹16,80,500 Additionally, you mentioned an interior cost of 3,00,000 rupees Therefore, the overall cost for construction, including permission, bore, pump, meter, and interior work, would be ₹16,80,500+3,00,000 rupees=19,80,000 rupees 200 sq yard Construction cost Caluculator: House Construction Cost for 200 sq yards (1800 sq ft): 1625 rupees/sq ft×1800 sq ft=₹29,25,0001625 INR /sq ft x 1800 sqft=₹29,25,000 Additional Costs: Permission: ₹30,000 Bore (700 sq ft): ₹1,00,000 Pump: ₹78,000 Meter: ₹10,000 Total Additional Costs: ₹2,18,000 Overall house Construction Cost (including additional costs): ₹29,25,000+₹2,18,000=₹31,43,000₹29,25,000+₹2,18,000=₹31,43,000 Interior Cost (Range): Lower Bound: ₹4,00,000 Upper Bound: ₹6,00,000 Overall Cost (including construction, additional costs, and interior): Lower Bound: ₹31,43,000 + ₹4,00,000 = ₹35,43,000 Upper Bound: ₹31,43,000 + ₹6,00,000 = ₹37,43,000 Therefore, with the construction cost of ₹1625 per square foot in Hyderabad, the overall cost, considering construction, additional costs, and interior work, would range from ₹35,43,000 to ₹37,43,000 for a construction area of 200 square yards. this is Standards construction 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 Understanding Hyderabad’s Competitive Edge in Construction Cost As we step into 2024, a discerning analysis of the construction cost in Hyderabad reveals a compelling narrative for those interested in the real estate sector. When considering the investment in a luxury residential apartment in Mumbai, one can expect to encounter construction costs ranging between Rs 1700 to Rs 2500 per sq ft. In stark contrast, Hyderabad presents a more economical scenario with construction costs hovering around Rs 1800 per sq ft for house construction. This affordability becomes even more pronounced when Hyderabad’s rates are juxtaposed with other Indian metropolises like Bengaluru, Pune, New Delhi, and Chennai. It’s noteworthy that Mumbai’s construction expenses surpass these cities by approximately 10%. This makes Hyderabad’s real estate market particularly attractive, offering construction costs approximately 14% lower than Mumbai, the most expensive city for construction in India. Comparing Commercial Building Costs: Mumbai vs. Hyderabad vs. Delhi Looking deeper into the commercial industry, the cost dynamics shift intriguingly. When we look at the costs of building commercial properties, there’s a noticeable difference between cities. Let’s break it Down 2024 Construction cost by city wise in India City Construction Cost (per square feet) Note Mumbai Rs 2100 – Rs 2500 per sq ft High compared to other cities Delhi Rs 2600 – Rs 2860 per sq ft Higher than Mumbai Hyderabad Rs 1700 – Rs 1900 per sq ft Budget-friendly option Kochi Rs 1500 – Rs 1850 per sq ft Covers basic materials and labor Bangalore Rs 1650 – Rs 1900 per sq ft Increased
