What are the costs for constructing a building in mumbai?

Mumbai is infamous for expensive real estate. Apart from the fact that the city is packed and sees an influx of immigrants on a daily basis increasing demand, the high prices of essential building supplies including cement, reinforcing steel, structural steel and stones also contribute to the higher prices of properties here. I have studied in depth the construction cost in Mumbai. So let me walk you through what building construction cost in Mumbai is.

What are the costs for constructing a building in Mumbai?

A premium residential flat in a high-rise structure in Mumbai typically costs Rs 5,620 per square foot to build. In Mumbai, the price per square foot to build a mid-rise luxury apartment is Rs. 3,870 respectively.

According to Mumbai construction costs, a medium-rise commercial structure will cost Rs 3,260 per square foot. Comparable to this, the cost of constructing a high-rise commercial structure in Mumbai is Rs 3,880 per square foot. These are the high-rise buildings in Mumbai construction costs you must be aware of.

An apartment in Mumbai can be built for between Rs 3,100 and Rs 3,600 per square foot, not including the cost of the land. The price of raw materials like cement is the main expense that comes with building. Among others, labour, structural steel, stones, and reinforcement steel adds up to 50–60% of the cost of building. It has increased by almost twice in the last ten years and is made up of the cost of raw materials and transportation. TMT bars (8mm to 32mm) have risen in use in construction by about 160 percent. They have a cost per metric tonne of Rs 52,000 on average.

How does the raw material affect the construction cost of building in Mumbai?

The choice of raw materials quality plays a significant role in determining the cost of construction. Generally, raw materials are separated into three groups:

1) Grade A

It includes the use of high-quality building materials, like cement, sand, stone, steel, equipment, and plumbing.

2) Grade C

It contains relatively inexpensive raw materials like bricks, sand, cement, steel, and fittings.

3) Grade C

It consists of subpar steel, sand, cement, and bricks along with fixtures and fittings that are not up to standard.

This is all about the construction cost in Mumbai.