Tips on constructing your own bungalow
Jan 29, 2014
Source : The Times of India

 

DELHI: While there are significant advantages to buying a ready bungalow from a reputed developer, many individuals prefer to build their own homes as per their own specifications. Here are some guidelines on what involves constructing your own bungalow:

The plot and permits

The first thing required for constructing your own bungalow is a suitable plot. The next aspect required to commence building a house on it are the necessary permits from the concerned authorities. This would include a NOC with regard to land use from the local zoning authority, a building permit from the municipal corporation, load approval from the electricity board, etc. It is best to use the services of an experienced architect or contractor, since such professionals are familiar with the process.

If the plot is being marketed as a developed plot by a reputed developer, there is very little stress involved in establishing the legal veracity of the land. If the plot is being bought directly from individual owners, an advocate experienced in property matters should do a title check. It is not advisable for a lay person to attempt to do the due diligence without professional assistance.

Factoring in costs

The overall cost of constructing your own bungalow would include the price of the plot, the stamp duty payable to the government upon purchase, the cost of obtaining statutory clearances from various authorities, the cost of obtaining an electricity connection, the cost of raw materials used in construction, the cost of construction labour and the fees of the architect and/or contractor.

The costs will vary depending on where the plot is situated, as land costs differ from city to city and area to area. While the cost of building materials would remain more or less the same everywhere, the cost of labour and also statutory permits may differ in urban, semi-rural and rural areas.

The cost of constructing an independent house can range from Rs 700-1200 per sq ft, depending on various factors such as the house design, quality of materials used, etc. The entire construction process involves excavation, foundation, stonework and brickwork, roofing and waterproofing, flooring, doors and windows, internal and external finishes, water supply and electricity connections and sanitary works.

The cost of steel, cement, sand and labour can increase significantly, and have in fact increased a lot in recent times. This is a function of the state of the economy and availability of labour at a given time in a certain area.

Confirm about local FSI norms

FSI norms laid out for urban areas are inflexible. However, many semi-urban and rural areas are not bound by regulations with regard to mandatory parking and open space provision, rules pertaining to structural safety or construction regulations such as FSI. The FSI norms within which you can construct your own bungalow will not be the same for different areas. This mainly depends on which corporation limits the plot falls in, or if it falls under gram panchayat jurisdiction.

These are three main aspects to be considered for the construction of a bungalow, but it is by no means a complete list. Considering the complexities involved, it often makes sense to buy a bungalow rather than construct one.

Latest Realty News

DDA okays draft land pooling policy
Jan 29, 2014
DELHI: The real estate potential of about 70,000 acres in outer Delhi locations like Mehrauli, Bijwasan, Chhatarpur and Ghitorni came one step closer to realization with DDA board of directors approving draft regulations of land pooling policy in their last meeting.
'RBI's hike in key interest rate to hit property market'
Jan 29, 2014
DELHI: The Reserve Bank's hiking the key policy rate today will hit property sales, particularly in the residential segment, real estate developers said while expressing disappointment at the move.
Tribunal asks ARCIL to stay auction of Tulip Star hotel
Jan 29, 2014
MUMBAI: In a major relief to Mumbai-based realty firm Nirmal Lifestyle, the Mumbai bench of Debt Recovery Tribunal (DRT) has directed stress asset firm ARCIL not to proceed further on auctioning of the Tulip StarBSE 2.27 % (erstwhile Juhu Centaur) Hotel at prime Juhu Tara Road in Mumbai.
CCI rules out abuse of dominant position by Omaxe
Jan 29, 2014
DELHI: Fair trade regulator CCI has rejected a complaint that alleged realty firm OmaxeBSE 0.49 % of indulging in anti-competitive practices with respect to development of residential plots in Sonepat district of Haryana.
Land price on a high as DDA set for pooling policy
Jan 28, 2014
DELHI: Land prices on the outskirts of Delhi have risen significantly and in many cases have as much as doubled over a period of 18 months following the announcement of land pooling policy by Delhi Development Authority (DDA). The prices may rise further, once the finer details of the policy are out. The final policy is expected within a month.
Why integrated townships are the way forward
Jan 28, 2014
DELHI: In today’s real estate scenario, the trend seems to be leaning towards integrated townships. Is there a demand for it? If so, what are the key drivers? And more importantly, what comprises a truly integrated township?
Greater Noida West: Ideal destination for midrange homebuyers
Jan 28, 2014
DELHI: The skyline of Greater Noida West, formerly known as Noida Extension, has changed drastically and is now adorned with residentialproperty units—from imposing highrise projects to neat and well-laid out low-rise structures—projected to house nearly 10 lakh people in the near future.
Project money being diverted to fund poll campaigns, realtors fear labour crisis too
Jan 28, 2014
DELHI: In Noida, part of the National Capital Region and home to a burgeoning middle class, a builder is wondering where he'll find the money to finish building about 1,200 apartments that are to be delivered by the middle of next year. Unless he can find some cash, the construction will grind to a halt. But all the usual sources of funds have dried up, at least until the general election is over.
Infrastructure projects to get a boost in Noida
Jan 27, 2014
DELHI: The Noida Authority, one of the richest civic bodies in the country, plans to draft a budget of Rs 8,000 crore for the financial year 2014-15 with various infrastructure projects, including the setting up of the Noida Metro Rail Corporation (NMRC).
Haryana barred from issuing land-use licences in NCR
Jan 27, 2014
DELHI: The Punjab and Haryana high court on January 23 directed the Haryana government not to issue any change of land use (CLU) licence to developers to build colonies in Gurgaon and the National Capital Region till the NCR Planning Board approves a sub-regional plan.

Latest Realty News Of State

Realty Talk's