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FAQs >
Planning & Estimation |
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Q.
What are carpet area, built-up area & super built-up area?
Carpet Area: This is the area of the apartment/building,
which does not include the area covered by the walls. Built up
Area: The carpet area plus the area of the walls. Super Built up
Area: This includes the built up area along with the area under
common spaces such as the lobby, lifts, stairs, etc. |
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Q.
What are the things one should keep in mind before finalizing a
land deal?
Some points which one must pay attention to prior to land deal –
- House plot should not be under any acquisition
proceedings of any government bodies
- Verify from the planning authorities whether the land
was designated for residential use.
- The survey number of land is critical.
- Certificate obtained from registrar’s office should
confirm that there is no encumbrance on the property.
- The title deed of the land should be clear and an
advocate should be consulted for this.
- Verify the rates after contacting some property
consultants and some people who have purchased their plots
recently. You should also refer guidelines and the market
rates published in the government manual of your city/town.
- Stamp duty at the time of registration is mandatory.
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Q.
What are the important considerations before selecting a piece
of land?
While selecting the land one should give importance to
following issues –
- Required size of plot and construction area
- Existing rates area wise
- Distances from Railway Station, Bus Stand and Air Port.
- Distance from your work place.
- Distances from hospital and medical clinics.
- Available infrastructure like water supply, drainage,
road etc.
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Q.
What are the points, one should pay attention to while awarding
the contracts for house construction?
Whatever the type of contract, one needs to pay close
attention to the following aspects -
- Type of materials
- Quality of work
- Advance payment, if any
- Progress & time schedule
- Future measurement & payment conditions
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Back to Questions |
Q.
What would be an approximate cost per sq.ft of my house
construction?
To give an idea, depending on the finishes you choose, the
construction cost should be as follows - |
| Type of finish in the construction |
Cost (in rupees) per sq.ft
of construction |
| Top Class Finish |
750 - 1000 |
| Medium Class Finish |
480 - 700 |
| Simple Class Finish |
350 - 550 |
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Q.
What is the ratio of material, labor and other expenditures for
house construction?
60:30:10 |
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Q.
What would be the approximate cost break up for various works in
terms of percentage of construction cost of house?
| Sl. No. |
Materials/Activities |
Expenditure in terms of percentage
of construction cost of the building |
| 1. |
Design & fee for engineer/architect |
3-5 |
| 2. |
Labor Contractor for concrete |
6-10 |
| 3. |
Lay out & Excavation |
2-4 |
| 4. |
Water |
0-2 |
| 5. |
Soil/Mooram |
1-3 |
| 6. |
Cement |
10-14 |
| 7. |
Sand |
3-5 |
| 8. |
Bricks |
8-10 |
| 9. |
Stone aggregates |
4-6 |
| 10. |
Steel rods (Sariya) |
3-5 |
| 11. |
Doors & Windows |
6-8 |
| 12. |
Shuttering/ Formwork |
2-4 |
| 13. |
Bore Well |
2-4 |
| 14. |
Plumbing & Sanitation |
6-8 |
| 15. |
Electrical works |
4-6 |
| 16. |
Flooring |
3-7 |
| 17. |
Painting |
6-12 |
| 18. |
Boundary walls & Main gate |
1-3 |
| 19. |
Others |
6-8 |
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Q. Give
me break up of stage wise construction cost to
plan my financial requirement.
| Stage |
% Cost
of total construction |
| Excavation, Concrete for foundation &
plinth |
15 |
| Superstructure concrete & brick work |
25 |
| Roof Slab |
15 |
| Flooring |
5 |
| Plastering & Painting |
10 |
| Doors, Windows & Woodwork |
13 |
| Water Supply, Sanitary & Fittings, Electrification
and other special items |
17 |
| Total |
100 |
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Q.
What is the EMI in house loans?
Once you take house loans, you will repay your amount in
monthly installments depending upon the loan amount, total
duration and interest rate. This means you have to pay certain
amount per lakh rupees during the entire period. This is called
Equated Monthly Installments (EMI). The longer is the repayment
period smaller will be the EMI. Generally, EMI doesn’t exceed
the 50% of household income. |
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