Constructing a House in Bangalore

Hi friends I guess most of us have compared the option of either constructing a house or buying a ready made apartment. Recently one of my colleague constructed a house in Bangalore and was kind enough to share details with me. I realized that its quite quite painful to accurately estimate the costs.

Contractors predominantly provide cost on the basis of material requirement [material quote] or Area based quote. Area Based quotation is listed on flat per square feet rate. Primarily it is given as ROE (rough order of estimate).

But for material based quotation one provides estimated rates on quantity of material and estimated total quantity to be used.  I learnt  from my colleague that using material based quotation we can more accurately  access the costs involved.  Once we get to know from the contractor the quantity and quality of materials required for the construction, we  can analyze  the market price  for the same. Thus as long as we are aware of the market prevailing price we can keep tab on the overall cost. 

With the prevailing rates, for a 1400 sq ft house costs can start from 19 lakh onwards and go upwards with type of material chosen for staircase, fittings, flooring and interior. It was primarily ground floor + 1 room and attached bathroom in 1st floor. That is 1200 sq ft in ground floor and 200 in 1st floor. 

Let me share with you the breakup :

Borewell, wiring and motor	120000
Foundation (House, compound and car park)	200000
Ground floor, staircase	250000
Water tank, parapet, compound	70000
Vitrified tiles + Ceramic tiles	160000
Bathroom Hardware fittings	40000
Tub, sink etc	70000
Electric wiring	160000
Plumbing work	120000
Miscellaneous costs, approvals	300000
Interior (carpenter and material)	300000
Approvals	120000
TOTAL	1910000

By the way the house was constructed in uttarahalli.  
The major problems that you might face is pilferage of resource and work delay. It took my friend nearly 12 months to complete every thing. At the very end discovered that plumbing had some issue and it took about a month to fix.