Construction Cost Estimator

How it works

We multiply your built-up area by a city-specific ₹/sqft rate, scaled by quality grade. Rates reflect material costs (cement, TMT steel, brick, sand), local labour mandays, and standard finishing for grey-shell + painted handover. Land cost, plan sanction (CMDA/BBMP/MCD), GST on contractor billing, and premium interior fit-out (modular kitchen, false ceilings, designer flooring) are excluded — those are typically 30–100% on top of the base build.

Worked example

A 1,200 sqft G+1 house in Hyderabad at mid-quality (~₹1,900/sqft) lands around ₹23 lakh for the structure. The same in Mumbai is closer to ₹3,000/sqft (~₹36 lakh) because of labour and logistics. Luxury grade (vitrified flooring, premium sanitaryware, modular fitments) adds another 30–40%. Steel and cement together are 25–30% of total cost, so a 10% jump in TMT bar prices (which happened in 2022 due to global steel) can move the total by 3 percent.

When to use this

• Budgeting a self-built independent house on a Tier-2 city plot
• Cross-checking a contractor's lump-sum quote before signing
• Sizing a home construction loan with SBI, HDFC or LIC HFL

Plug the figure into our EMI calculator to size the loan, or use carpet-to-built-up if your plan area is in carpet terms.