How much it cost to build a house in Mumbai?

The cost of construction in Mumbai is ₹ 3,125 per sq ft. Mumbai: Cost of construction for a residential apartment in a mid-rise building in the city is the highest among the top urban centres in the country at ₹ 3,125 per sq ft, according to a report.

How much does it cost to build a home in Mumbai?

The average cost of construction for a luxury residential apartment in a high-rise building in Mumbai is Rs 5,625 per sq ft, while in Delhi and Pune, the price would be Rs 4,950 per sq ft and Rs 4,905 per sq ft respectively, while in Hyderabad such a house would command Rs 4,275/sq. ft.

How much does a building cost in Mumbai?

Similarly, constructing a mid-rise luxury apartment will cost Rs 3,875/ sq. ft in Mumbai and Rs 3,410/ sq ft in Delhi. While constructing a medium-rise commercial building in Mumbai would cost Rs 3,250/sq ft, the price would be Rs 2,860/sq ft in Delhi and Rs 2470/sq. ft in Hyderabad for constructing similar property.

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How much does it cost to build a villa in Mumbai?

However, if you are keen on turning your attention to the established parts of Mumbai, be prepared to spend anywhere up to Rs 70 crore for areas such as Prabhadevi, Ulwe, the Bandra-Kurla Complex or Lower Parel. In the affordable areas, small villas could cost Rs 15 lakh.

Can I build a house in Mumbai?

FSI or floor space index is the upper limit to the built space you may construct on a given plot. It is the ratio of allowed built-up area to the plot area. For example, on a 10,000 ft2 plot which has an FSI of 2, you may construct a maximum of 20,000 ft2 of area, and no more.

How much would a 3 bedroom house cost?

The average cost of building a 3-bedroom house is between $248,000 and $310,000, while the cost to build a 4-bedroom house about $388,000 to $465,000, and the cost to build a small 2-bed home is about $93,000 to $155,000.

What is the rate of land in Mumbai?

Property Rates & Price Trends in Mumbai

Locality Name Buy Rates Rental Rates
Price Range (Rs. per sq. ft.) 3 Bedroom
Bhaskar Colony Rs. 14,068 – 16,108/sq. ft.
Bhayandarpada Rs. 7,438 – 9,052/sq. ft.
Brahmand Rs. 8,968 – 10,455/sq. ft. Rs. 21,187 – 29,855

How much does a 7 storey building cost?

Apartment, 4-7 Story Square Foot Cost Assuming Decorative Concrete Block / R/Conc. Frame

Cost Estimate (Union Labor) % of Total Cost
Total $7,558,000
Contractor Fees (GC,Overhead,Profit) 25% $1,889,500
Architectural Fees 7% $661,300
Total Building Cost $10,108,800
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How much does it cost to build a 3 floor house?

The 30×40 house construction cost for G Floor: Rs 17 lacs | G+1 Floor: 35 lacs | G+2 Floors: 49 lacs | G+3 Floors: 64 lacs | G+4 Floors: 79 lacs.

What is the price of a house in America?

The median home price in the United States is $374,900 as of the second quarter of 2021. Home prices increased by 16.2% from 2020 to 2021. The median home price increased by 416% from 1980 to 2020. The Zillow Home Value Index puts the typical home price in the United States at $293,349.

Which is highest floor building in Mumbai?

List of tallest buildings in Mumbai

Rank Name Floors
1 Palais Royale 88
2 Lokhandwala Minerva 90
3 World One 76
4 World View 76

Can we build a bungalow in Mumbai?

No civic approval will now be necessary for building row houses and small bungalows in Maharashtra’s urban belts. … The bungalow owners would only need to submit their building plans along with a receipt for the payment of development charges and applicable fees.

How many floors are allowed in Mumbai?

Mumbai’s development plan: Faster approvals for high-rises up to 40 floors now. Development Plan 2034 empowers the municipal commissioner to give permissions for buildings with a height of up to 120 metres.