Many variables impact the cost of building a home in Gurgaon. Each build and finish option will be available from budget to luxury category, so each type's actual price will depend on your preference. In addition, new house construction in Gurgaon requires a lot of permits and regulations. It is also crucial to interview and select an architect and a general contractor to manage your project from start to finish. Hiring a general contractor can account for 4-8 percent of the total project cost, but it can save you from costly mistakes. A contractor can help you with accurate estimates depending on your construction needs and requirements.
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What is the cost constructing a home in Gurgaon?
Amit Garg, MD and CEO, Hippo Stores Technology Pvt. Ltd., shares, "Building the home of your dreams is a rewarding experience. But it can be challenging as the cost depends on various factors ranging from the size of the house to the right construction material. So, the first step towards building your dream home is finalising the budget and creating a design plan of the number of rooms, their sizes, and what products will be used to build them. The construction cost of a house in Gurgaon can be anywhere between Rs 1,800 per sq ft and Rs 2,200 per sq ft for the built-up area if all elements are considered, including labour."
What are the factors influencing the costs of home construction in Gurgaon?
The cost of constructing a house in Gurgaon depends on many factors, such as the type of house (independent house, villa, apartment), location, size, materials used, labour, and design. However, on average, a 2 BHK home in Gurgaon can cost anywhere between Rs 50 lakh and Rs 80 lakh, while a 4 BHK independent house can cost around Rs 1-2 crore. Moreover, if you plan to add a basement to your new place, the cost can escalate to up to 50 percent.
- The most considerable expense in building a house is typically the materials used, which can make up 50 percent of the total cost. Common materials used in Gurgaon include bricks, cement, sand, steel, and wood.
- The cost of labour also plays a significant role in determining the construction cost. This includes the wages paid to carpenters, masons, plumbers, electricians, and other workers involved in the construction process.
- The design of the property also increases or decreases the total expense. With more complex and intricate designs requiring more time and resources, the cost goes up and vice-versa.
- The size of the house with a larger floor area will also cost more than a smaller one. Adding levels to the property shoot up the construction cost by nearly 40-60 percent.
- Another factor to consider is the location of the house. Properties located in upscale areas or prime locations will typically cost more compared to those in less developed regions as land values vary.
- The local rules and regulations may impact the progress of work. Any delays in approvals can increase the cost of construction. Hence, ensure that all permits are in place and the development abides by local norms. For instance, in Gurgaon, under the new rules, Floor Area Ratio (FAR) for residential plots measuring 75 sq m is 2.64, and for 251 sq m to 500 sq m or over, it is 2.40.
- One should also factor in local taxes and Goods and Services Tax (GST) which would be applicable to raw materials used for construction.
- The entire city of Gurgaon falls under Seismic Zone 4. Hence, it is also essential to safeguard the residence from earthquakes. You may consult an expert on this to avoid troubles later.
Overall, the cost of constructing a house in Gurgaon can vary widely depending on several factors. Hence, analyse your requirements and accordingly devise a plan before beginning the construction process.
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