How much does a 2 BHK cost in India?

How much does a 2 BHK cost in India?

The over all construction cost including finishing and labour can be taken approximately as Rs 1,200 to Rs 1,700 per sq ft of plinth area of your 2BHK flat/ house, so 2 BHK flat of 600 sq ft will cost around 7 lakh to 10 lakh, 700 sq ft will cost around 8.5 lakh to 10.2 lakh and 800 sq ft of 2 BHK will cost around 10 …

Is 1 BHK good for investment?

Good investment option: buying a 1 BHK is a good investment option if the unit is put on for rent. Usually, students, bachelors, young couples prefer 1 BHK flats due to pocket friendly rentals, easy to maintain and also low maintenance costs.

How much it will cost to build a 2 BHK house in Bangalore?

It may cost up to 2.5 to 3 lakhs for G+2 and G+3 level dwellings, and it can cost up to 3 to 5 lakhs for G+4 level buildings, depending on the size of the house.

What is the price of 30 40 site in Bangalore?

Find the Sample construction rates for building a Duplex house or Rental Houses on a 30×40 or 1200 sq ft site of G+1 G+3 G+2 or G+4 floors….

Item Quantity Price
Material 127.05 cubic ft @ ₹ 235 per cubic ft ₹ 29,857
Labour 127.05 cubic ft @₹ 30 per cubic ft ₹ 3,812
Total Price ₹33,669

How much does it cost to build a 2bhk house in Bangalore?

Sherly remarks that, “if you plan to undertake a residential development, the average cost of constructing a 1,000- 1,500 sq ft home in Bangalore can cost between Rs 40 lakh and Rs 70 lakh.

What is the life of flats?

Building independent house becoming tough However , experts are of the view that concrete apartment buildings in India last only for 30 to 50 years compared to the expectation of 70 to 80 years. The short life span is an economic burden for not only owners and residents but to the nation as a whole.

Is it smart to buy a flat?

Buying a flat or a house is a significant investment, so naturally, you’ll want to ensure that you maximise your potential returns. With a house, you can add value to the property with renovations, extensions, and conversions. However, with a flat, your renovation options are more limited.

What happens to a flat after 50 years?

What happens to a flat after 50 years? Generally multi storied apartments are governed by owners associations. Once a majority of them decides to demolish it, irrespective of the age of the building, each owner will have ownership of their UDS ( un-divided share ) of the land.

Is it worth buying 10 year old flat in Bangalore?

No definitely not. Apartment reduce in its value as it ages. Unlike land that appreciates with time, apartment starts depreciating and losing its value typically after 7 years of completion. This is because the building has a definitive age unlike land.

How much does it cost to build a 2 bedroom house in Bangalore?

How much does 30 40 site cost in Bangalore?

The cost of a 30×40 site varies from Rs 2900/sq ft city outskirts to upwards of Rs 10,000 per sq ft if you are looking for prime locations. The cost to build a House on a 30×40 or 1200 site in Bangalore starts from Rs 1500 /sq ft for rent houses and Rs 1700 sq ft onwards for Duplex house.

How many floors can be built in Bangalore?

As per FAR guidelines for a 30×40 site, the floor area ratio in Bangalore should be 1.75 . This means a builder can construct G+2/Stilt+G+2 Floors as per the guidelines.

What happens to a flat after 100 years?

It is possible to extend the lease period to 999 years by paying a price to the authority. However, there is another provision wherein, if the occupancy of a said property has completed 100 years, then it automatically converts to a freehold property or asset.