500 Sqft House Construction Cost in 2021
500sqft House Construction Cost – Generally, there are three types of house construction:-
A Class Building
Class A buildings also are well located, have good access, and are professionally managed. It’s per square feet cost in 2021 is approx. 1600 – 2500/-sqft.
Class B type construction is general construction for all medium class people. It’s per square feet cost in 2021 is approx. 1100 – 1500/-Sqft.
Class C type construction is Low-grade type construction. It’s per square feet cost in 2021 is approx. 750 – 900/-Sqft.
Total Plot Area – 800Sqft
Built-up Area – 500Sqft
Contractor Rate Per Sqft
Ground Floor – 230/-sqft
Rate of Per Sqft = 1100 – 1500 sqft (Class B type construction )
Suppose We consider Average Rate – Rs.1300Sqft
Total Cost of 500 Sqft house with finishing – 500 x 1300 = Rs. 650,000/- including labor
Labor cost = 25% of Total Construction Cost
= 650000 x 25% = Rs. 1,62,500/-
Materials cost = 75% of total construction cost
= 6,50,000 x 75% = Rs.4,87,500/-
Bar Bending Schedule Basics: Especially for Freshers Civil Engineers
Estimated Quantity of materials for Ground Floor with Labor
Items including labor
Rate of items/Materials
|vi).||Paint, tiles, wood, plumbing, Sanitary, Electrical, etc.||–||–||Rs.1,49,500/-||23%|
This is the approximately 500 Sqft House Construction Cost. I hope this information can be useful for you guys.
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