Home / Buy and Sell / Plots / How Much To Develop Land?

How Much To Develop Land?

Sudeshna

4899 Views

1 Answers

2 Year

Comment

Send

shiv

0 June 28, 2022

⤺ Reply

We bought a 3 acre land last year and have not yet decided what to do with it. Whether to make another house there for living or renting, or to plant trees and have our own garden for ourselves. We basically bought it as an asset and are thus not willing to sell it in the near future as well. Recently, a friend of my father, who is a land developer, has asked him to give his land to him so that he can develop it and put it to some use. We had no idea how much to develop land per acre. If you have the same question, get it answered here.

Build your property and let it be managed efficiently on availing NoBroker Property Management Service.

What does land developer do?

Land developers know how your land should be developed to get as much profit as one can and that is why they are recruited. They will look upon the facilities, area, location and ask you to build a property as per the requirement. If you want to earn profit, you can opt for a commercial property or make a house and give it on rent.

Land developers help in the development of real estate for sale by constructing buildings or other structures along with the subdivision of lands into plots. If you have a huge mass of land, they will help you to divide them into plots and then sell it.

How much does it cost to develop land per acre?

It is actually hard to tell the cost since it depends on

How you are planning to develop the plot
What materials are you going to use
What type of labourers are going to work and a lot more.

At first try to focus upon these points and then proceed to develop your land.

Yet, that uncle shared an approx rate which says

Expenses	Average Expenditure for a 1,000 sq ft House
Architectural expenses	Rs 15,000 +
Wall construction	Rs 800 per sq ft
Civil work	Rs 1,500 per sq ft
Plumbing	Rs 2,500 per sq ft
Electrical work	Rs 2,500 per sq ft
Raw material expense	Rs 7 lakh onwards

This is just an estimate to have an idea about

how much does it cost to develop land.It can me more, but trust me, it won’t be anything less than what is stated in this chart.

For forming a layout only, be sure that Rs 10 to Rs 15 lakhs is nothing. So if you are planning to develop a land, it is better to have a discussion with several developers, get an idea and then only proceed.