TOTAL COST OF CONSTRUCTING 1 KANAL HOUSE IN MARCH 2024
an’s real estate industry values 20 Marla houses for their space and versatility. Due to their high demand, especially in affluent metropolitan locations like DHA and Bahria Town, such properties are attractive for investors. These plots’ long-term appreciation makes them reliable. Family-friendly 20 Marla residences with numerous bedrooms, large living spaces, and gardens attract renters wanting upmarket living. Real estate developers choose these plots for luxury dwelling projects because they can combine modern utilities and appealing designs. Due to its space, location, and financial possibilities, 500 sq. ft residences appeal to many populations. In this blog we will take you through the costs you can expect when building on a plot of this size.
The foundation, walls, and roof make up the grey structure, which is the first part of the building process. While the average cost to build a grey structure is about PKR 2,600/sq. ft., the addition of a basement can increase that cost to about PKR 3,500/sq. ft. owing to the additional work involved in excavation, waterproofing, and reinforced foundations. Paint, flooring, and fixtures are all part of the finishing process, which follows next. Material selection and final quality determine final costs. Mid-range homes often have A-grade finishes, which vary from 3,500 to 4,300 PKR per square foot. On the other hand, premium finishes, made with high-quality materials and expert craftsmanship, are more expensive.
The anticipated covered spaces per floor for a standard 20 Marla house are:
Basement: 2,500 sq. ft.
Ground Floor: 3,000 sq. ft.
First Floor: 2,700 sq. ft.
Second Floor: 400 sq. ft.
Now let’s work out the total costs:
Single-Story (Ground Floor Only):
- Grey structure: PKR 7,800,000
- A-grade finishing: PKR 10,500,000
- Premium finishing: PKR 12,900,000
- Total cost (A-grade finishes): PKR 18,300,000
- Total cost (Premium finishes): PKR 20,700,000
Double-Story (Basement + Ground Floor):
- Grey structure: PKR 15,800,000
- A-grade finishing: PKR 18,600,000
- Premium finishing: PKR 22,800,000
- Total cost (A-grade finishes): PKR 34,400,000
- Total cost (Premium finishes): PKR 38,600,000
Double-Story (Ground + First Floors):
- Grey structure: PKR 14,400,000
- A-grade finishing: PKR 19,400,000
- Premium finishing: PKR 23,800,000
- Total cost (A-grade finishes): PKR 33,800,000
- Total cost (Premium finishes): PKR 38,200,000
Triple-Story (Basement + Ground + First Floor):
- Grey structure: PKR 22,800,000
- A-grade finishing: PKR 27,200,000
- Premium finishing: PKR 33,000,000
- Total cost (A-grade finishes): PKR 50,000,000
- Total cost (Premium finishes): PKR 55,800,000
Triple-Story (Ground + First + Second Floors):
- Grey structure: PKR 15,400,000
- A-grade finishing: PKR 20,500,000
- Premium finishing: PKR 25,200,000
- Total cost (A-grade finishes): PKR 35,900,000
- Total cost (Premium finishes): PKR 40,600,000
Four-Story (Basement + Ground + First + Second Floor):
- Grey structure: PKR 24,100,000
- A-grade finishing: PKR 29,000,000
- Premium finishing: PKR 35,400,000
- Total cost (A-grade finishes): PKR 53,100,000
- Total cost (Premium finishes): PKR 59,500,000
With A-grade finishes, the entire cost for a ground-floor only single-story building is PKR 17,080,000, while premium finishes bring the price up to PKR 19,320,000. The price of a two-story house with basement and ground level is PKR 32,480,000 for A-grade and PKR 36,480,000 for premium finishes; for a two-story house with ground level and first floor, the price is PKR 32,330,000 for A-grade and PKR 36,570,000 for premium options. Regarding three-story houses, a basement, first, and second floor home costs PKR 34,770,000 and a first, second, and basement home costs PKR 39,330,000, respectively, while a structure with A-grade finishes and premium finishes costs PKR 47,730,000 and PKR 53,730,000, respectively. Finally, with A-grade finishes, a four-story residence (basement + ground + first + second floor) is predicted to cost PKR 50,170,000, while premium finishes may be had for PKR 54,490,000.
We hope that these budget projections are useful to you. Bear in mind that there are a number of additional variables that do influence expenses, such as inflation rates, the site’s location, and the design’s intricacy.
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