In Pakistan, a 475 square yard plot is widely valued as a premium-sized residential option that strikes a compromise between luxury and manageability. It is great for larger residences with many stories, plenty of parking, and lawn space.
In terms of real estate, 475 square yard plots are in high demand due to their versatility and investment possibilities. They are a more affordable alternative to 1-kanal plots, providing comparable status at a somewhat reduced price. These lots are perfect for building one, two, or three-story residences with basements, home offices, or servant quarters. Investors and builders benefit greatly from high-end housing markets. This plot size is ideal for people seeking a balance of financial value and elegant living. In this blog, we will list down for you the costs associated with building on a plot of this size.
The construction process begins with the grey structure, which consists of the foundation, walls, and roof that comprise the backbone of the house. Grey structure construction normally costs around PKR 2,600 per square foot, but adding a basement can drive up expenses to around PKR 3,500 per square foot due to extra requirements such as excavation, waterproofing, and reinforced foundations. The next phase is finishing, which includes paint, flooring, and fittings. Costs vary according to material selection and final quality. A-grade finishes, which are prevalent in mid-range homes, cost between PKR 3,500 and PKR 4,300 per square foot, whereas premium finishes, which use high-quality materials and higher quality craftsmanship, increase the cost. These finishes not only improve the home’s appearance, but also its durability and functionality. For a typical 475 square yard house, the projected covered areas per floor are:
Basement: around 2,200 square feet (depending on layout and use).
Ground Floor: About 2,800 square feet, with living rooms, bedrooms, kitchens, and important communal spaces.
First Floor: Around 2,500-square-foot
Second Floor: 400–500-square-foot space on the second story is used usually for storage, utility rooms, or roof access.
Now that we have these figures, let;s work out costs:
- Single-Story (Ground Floor Only):
- Grey structure: PKR 7,280,000
- A-grade finishing: PKR 9,800,000
- Premium finishing: PKR 12,040,000
- Total cost (A-grade finishes): PKR 17,080,000
- Total cost (Premium finishes): PKR 19,320,000
- Double-Story (Basement + Ground Floor):
- Grey structure: PKR 14,980,000
- A-grade finishing: PKR 17,500,000
- Premium finishing: PKR 21,500,000
- Total cost (A-grade finishes): PKR 32,480,000
- Total cost (Premium finishes): PKR 36,480,000
- Double-Story (Ground + First Floors):
- Grey structure: PKR 13,780,000
- A-grade finishing: PKR 18,550,000
- Premium finishing: PKR 22,790,000
- Total cost (A-grade finishes): PKR 32,330,000
- Total cost (Premium finishes): PKR 36,570,000
- Triple-Story (Basement + Ground + First Floor):
- Grey structure: PKR 21,480,000
- A-grade finishing: PKR 26,250,000
- Premium finishing: PKR 32,250,000
- Total cost (A-grade finishes): PKR 47,730,000
- Total cost (Premium finishes): PKR 53,730,000
- Triple-Story (Ground + First + Second Floors):
- Grey structure: PKR 14,820,000
- A-grade finishing: PKR 19,950,000
- Premium finishing: PKR 24,510,000
- Total cost (A-grade finishes): PKR 34,770,000
- Total cost (Premium finishes): PKR 39,330,000
- Four-Story (Basement + Ground + First + Second Floor):
- Grey structure: PKR 22,520,000
- A-grade finishing: PKR 27,650,000
- Premium finishing: PKR 33,970,000
- Total cost (A-grade finishes): PKR 50,170,000
- Total cost (Premium finishes): PKR 54,490,000
For a single-story (ground floor only), the total cost is PKR 17,080,000 with A-grade finishes and PKR 19,320,000 with premium finishes. A double-story home (basement + ground floor) costs PKR 32,480,000 with A-grade finishes and PKR 36,480,000 with premium finishes, while a double-story home (ground + first floors) totals PKR 32,330,000 for A-grade and PKR 36,570,000 for premium finishes. Moving to triple-story homes, the cost for a structure with a basement, ground, and first floor is PKR 47,730,000 for A-grade finishes and PKR 53,730,000 for premium finishes, whereas a home with ground, first, and second floors costs PKR 34,770,000 and PKR 39,330,000, respectively. Finally, a four-story home (basement + ground + first + second floor) is estimated at PKR 50,170,000 with A-grade finishes and PKR 54,490,000 with premium finishes.
We hope you find these cost estimates helpful. Keep in mind that several other factors do affect costs like inflation rates, location of your plot and the complexity of the design.