Nowadays, everyone's dream is to build a dream home for his/her family. They want to have a beautiful home where they can make lots of beautiful memories with their family. But when they want to turn their dream into reality, it becomes difficult to achieve it. This is all happening because the cost of constructing a house is a costly affair nowadays.

If you are looking for a house in Chennai, almost all genuine home buyers stumble upon the issue of finding properties available in the market. There is an option available many times does not conform to the size, plan, and specifications of the home buyer's choice. So they think building own house seems like a good option. According to the data available in Chennai Metropolitan Development Authority (CMDA), the number of planning permissions for individual constructing homes is increasing continuously.

When you plan to construct a home may be like investing your entire life savings, especially for the middle-class family in India. So that, several people consider it an important investment in their life. It is the only reason, they try to save cost as much as possible to get the best value of their investment. Several people go for home loans, so it is mandatory to use the money effectively to get more benefits.

Many people always look for ways to reduce construction costs. Constructing a home in Chennai at a low cost is not an easy task if you move smartly and use the given tips & tricks.

The Raw Material Cost for Construction

The cost of materials has fluctuated a lot over the years used in construction. Which are following in the way:-

1. Cement

2. Brick Sand and Jallik

3. Colour

4. Plywood

5. Steel

6. Wood

7. Pipe

8. Tiles

9. Electrical

10. Line pipe

11. Sanitary ware

Standard Construction cost in Chennai is estimated at Rs. 1000 per sq ft

1):- Chennai construction cost with the help of Contractors (Materials+Labours outsourced)

Area of construction 1000 sq ft

Construction Estimate 1625000 Rs

Cost per sq ft 1625 Rs

2):- Based on quality:- (residential construction cost) Construction cost with the help of Contractors (Material + Labour outsourced)

Type Average Quality Good Quality Best Quality

Area of construction 1000 sq ft 1000 sq ft 1000 sq ft

Cost Estimate 14,50,000 Rs 16,25,000 Rs 19,50,000 Rs

Cost per square feet 1450 Rs 1625 Rs

3):- Construction cost (If we buy material and only labour outsourced)

Area of construction 1000 sq ft

Cost estimate 13,00000 Rs

Cost per sq ft 1300 Rs

4):- Commercial Building Construction Cost (Material + Labour outsourced)

Area of construction 1000 sq ft

Construction estimate 11,50,000 Rs

Cost per sq ft 1150 Rs

Note: Another major cost is the cost of hiring top construction contractors & workers (if needed).

Construction Cost in Chennai in 2021

The construction cost in Chennai will range from 1450/sq ft to 4500/sq ft and will differ for ultra-luxury homes villa or Manson. This translates to Rs 14,50,000 Rs for an ordinary house and Rs 45 lakh for an uber-luxury home.

Cost divided between civil materials and finishing materials:

Civil Materials & its cost: Some major works start with these steps like foundations, slabs, columns, beams, stairs, brickwork, plastering per square feet of floor area. – Rs 880 – Rs 1250 per sq ft.

Finishing Materials & its cost: Plumbing, Electrical, Doors, Windows, Painting, Flooring, Tiles, Granite/Marble, Steel Construction per square foot of floor area - Rs 550 to Rs 1850 per sq ft.

Total sum approx Rs.1430 to Rs.3100

The typically detailed cost division for building a 1000 sq ft house is:

The construction cost of the apartment is around 1350/sq ft. It is normal to cost for up to 3 floors, it could be higher.

How we can reduce the construction cost in Chennai

1. Do not make changes after construction has started.

2. Savings in finishing materials.

3. Plot Selection

4. Use fly ash instead of red bricks

5. Buy construction materials from local vendors

6. Saving in Machinery Cost

7. Saving in flooring

8. Choosing the right, size of the house

9. Reduce the number of walls

Benefits of Building Vs Buying a Manufactured House

1. Choice of Layout

2. Speed ​​of construction

3. Satisfaction

4. Specification Flexibility………………………… Read the full article at HonestBroker