60/40 Site Cost in Bangalore
The cost of buying a 60/40 site varies widely. It can cost as little as Rs 2500 per square foot on the outskirts of the city to more than Rs 10,000 in prime locations. The price of a 60/40 site in Bangalore is often 40-60% of the total cost of the project.
A 60/40 site in Bangalore is equivalent to approximately 2400 square feet. It requires a minimum setback of 8% from three sides and 12% from the road. The cost of this type of site depends on the location of the plot, its proximity to the city center, and the type of development planned near it.
If the site is not big enough to house a large building, the cost for a 60/40 site in Bangalore will be higher. If the plot is located next to a road, it will have higher FAR. The minimum FAR for a 40×60 site in Bangalore is 1.75, and it will increase if the property is located near a commercial zone.
For a 40×60 plot, it is possible to build four to five houses. However, the BBMP limits allow for only four or five kitchens on such a plot. That means you can only build four or five houses on such a plot, even if they are G+3.
When constructing a residential house in Bangalore, it is important to remember that labour is a big part of the cost. The cost of labour in Bangalore is high and can add up to nearly one-third of the total project budget. Depending on the complexity of the project, you may need specialized workers for specific elements. Additionally, the longer the construction process takes, the more expensive the overall budget will be.
How Much Does a 60/40 Site Cost in Bangalore?
The cost of constructing a house in Bangalore varies greatly, but there are some things you can do to reduce the overall construction cost. If you are building an independent house, the average construction cost for a 1200 sq ft house in Bangalore is about Rs 70 lakhs. The construction costs of a single-storey, two-story building in Bangalore range from Rs 1,550 per square foot to over Rs 3,000.
When calculating the total cost of building a house in Bangalore, you need to take into consideration the cost of the land, electrical wiring, labour, and other construction materials. The location of your property is an important factor in determining the final price, so it’s a good idea to choose a growth area if possible.
Obtaining a housing clearance for your property is another expense that can add to the overall price of a 60/40 site. In addition to these upfront costs, you’ll also need to pay fees for architect and structural design.
One of the most important advantages of plots is their affordability. Compared to apartment buildings, a plot is a more affordable option. The land can be used to build a new house for yourself, rent it out, or sell it at a higher price in the future. If you are young and looking for an investment opportunity, investing in a plot in Bangalore could be the right move for you. You’ll be able to build a beautiful home for very little money, and get a great return on your investment.
