How Much Does Home Construction Cost in Bangalore?

Per Square Foot Construction Cost in Bangalore

The average house construction cost per sq ft in Bangalore typically ranges from Rs 1650 to Rs 1900. However, several crucial factors impact the prices, including the site conditions, materials used, size and location of the house, etc. You must consult an architect or builder in Bangalore to get an accurate estimate. 

Home Construction Expenses Types

Here is a list of different expenses you must consider when calculating the home construction cost:

Foundation

Laying the foundation includes several expenses like excavation, concrete layering and curing, and other technical costs. This typically costs between Rs 2 lakh and Rs 2.15 lakh.

Steel Structure

The steel structure includes the column, footing, and plinth structure. This usually costs between Rs 50,000 and Rs 55,000.

Roofing

Roofing is an important part of a home's structure, including columns, beams, base, slabs, staircases, lintel, etc. This costs between Rs 1.25 lakh and Rs 1.30 lakh.

Superstructure

The cost of the superstructure includes the material and labour costs. This will cost around Rs 1.5 Lakh.

Walls

The cost of wall construction depends on the materials used and the thickness of the walls. Building walls of both 4 and 6 inches thickness typically costs approximately Rs 1.3 lakh.

Tile Work

A new house construction needs a combination of wall and flooring tiles, specifically in the kitchen and bathrooms. The cost depends on the material, tiles, and labour.  It usually comes to around Rs 1.4 lakh. 

Woodwork

Essential woodwork in a new house includes windows, doors, cupboards, etc. Since wood is an expensive material, the cost of woodwork may be high. This cost can vary between Rs 4 Lakh and Rs 4.5 lakh.

Painting

The cost of exterior and interior painting includes material and labour costs. Plastering will cost extra. This cost will vary depending on the paint brand used. It typically can go up to Rs 3 lakh.

Electrical and Plumbing Work

Electrical and plumbing work costs depend on the brand and type of wiring, plumbing, and lighting fixtures. This segment's cost may vary up to Rs 3 lakh depending on individual choices and preferences.

Lift Installation

If the house has many floors, it will require elevators or escalators for various reasons. The cost of a lift ranges from Rs 4 to 6 Lakh, and the most expensive lift may cost up to Rs 15 Lakh.

Factors Affecting Construction Cost in Bangalore

Let’s look at the various factors affecting construction costs in Bangalore:

1. Site Conditions

Site conditions largely affect the cost of home construction. Issues like buried utilities, hazardous waste, poor soil, etc., impact land quality. These may require extra treatments that increase the costs. 

2. Location and Land Prices

The site location largely impacts the land prices and, eventually, the house construction prices. For instance, a house located near an airport, Coastal Regulation Zone, or wetland will require approvals from relevant authorities. Moreover, home construction costs in posh areas are higher than others. 

3. Size and Layout of the Home

The size and layout of the home largely impact the house construction cost per sq ft. The bigger the home, the higher the costs. 

4. Quality of Materials Used

The cost of raw materials varies based on their quality and the built-up area. Elements like sand, flooring, marble, cement, bricks, pipes, steel, and electrical components impact home construction prices. Additional features like elevators can further add to the costs. 

5. Labour Costs and Availability

Labour costs account for a large part of your home construction budget. Since Bangalore is an urban city, the labour costs are higher, ranging from Rs 280 to 320 per sq. ft. The time required to complete the project and the availability of skilled labour also affect the overall labour cost. 

6. Architectural Design and Customisations

An architect's fees are costly, but they are worthwhile. Hiring an expert architect relieves any concerns about the project. Hiring a professional for architectural design and customisations costs a bit, but their services add an expert perspective to the construction.

7. Legal and Regulatory Expenses

Bangalore has stringent home construction norms, including compliance with FSI and setback rules, acquiring khata site certificates, and approval from authorities like the BBMP, BDA, BESCOM, and BWSSB. The compliance requirements add to the construction cost in Bangalore. 

Benefits of Financing Your Home Construction

When planning to construct a house in Bangalore, you can finance the project with a loan and build your dream home without any financial worries. Let's look at the benefits of financing home construction:

• Savings kept intact

• No financial constraints

• Distribute the construction cost into EMIs 

• Flexible repayment terms with easy instalments

If your eligibility doesn’t allow you to get enough loan amounts, consider a Personal Loan from Hero FinCorp. 

• Unsecured loan of up to Rs 3 Lakh

• Flexible repayment tenure of up to 36 months

• No collateral requirement

• 100% digital loan procedure 

• Loan availability within minutes 

How to Apply for a Personal Loan for Your Home Construction?

Follow these steps to apply for a Personal Loan online from Hero FinCorp:

• Visit the Hero FinCorp website or loan app.

• Go to the Personal Loan section and click ‘Apply Now’.

• Enter a few necessary details.

• Scan and upload the required documents.

• Wait for the verification process to complete.

• Accept the loan offer and get disbursal in a short period.

Conclusion

Constructing a home in Bangalore is a dream come true for many. However, house construction prices depend on many factors, including location, land prices, amenities, labour, materials, etc. When you fall short of money or face an urgent expense, apply for a Personal Loan online with Hero FinCorp and get the required funding. 

Frequently Asked Questions

1. Is hiring an architect necessary for house construction?

Hiring an architect is not mandatory for house construction. However, their expertise helps build a better house with more safety, comfort, and amenities. 

2. Can we build a house for 5 lakhs?

Building a house in 5 Lakhs is difficult. If you are short on money, you can take a Personal Loan from Hero FinCorp for instant financial support. 

3. How can I reduce the construction costs in Bangalore?

Choose a plot wisely, compare the prices of construction materials, and hire qualified professionals to reduce the construction cost in Bangalore.

4. How much does it cost to build a 2-floor house?

Building a 2-floor house may cost Rs 21.6 Lakh to Rs 66 Lakh, depending on the plot size, setback, and super area. 

Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the reader’s discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.