What Is Construction Cost In Pune 2024?

Discover the construction cost in Pune with our comprehensive guide. From materials to labour, we’ll break down the expenses and provide insights to help you plan your next building project with confidence. Whether you’re a homeowner, contractor, or investor, this article will equip you with the knowledge you need to make informed decisions and stay on budget.

What Is The Construction Cost In Pune?

Pune’s real estate and construction industry is rapidly growing with new residential and commercial developments emerging every year.

The construction costs in Pune are comparatively lower than other metropolitan cities in India, making it an attractive destination for developers.

The construction cost in Pune depends on various factors, such as the type of building, materials used, and labour charges. 

However, on average, the construction cost in Pune can range from Rs. 1700 to Rs. 2500 per square foot, i.e Rs 15-20 Lacs

In this article, we’ll explore the different components that contribute to the construction cost and provide valuable insights to help you plan your building project. 

Whether you’re looking to build a residential or commercial property in Pune, this guide will give you a better understanding of the expenses involved and enable you to make informed decisions.

Factors Affecting Construction Cost In Pune

In many cases, people prefer building their own house to buying one which is already constructed. Most of the time homeowners are unaware of the costs related to constructing a house and various factors which can affect construction cost. 

Here are the major factors affecting construction cost in Pune.

Land Prices And Designing Costs

The cost of land and the design of the building are crucial factors that affect the construction cost. The cost of land in prime locations can be high, which can significantly impact the overall construction cost. 

Additionally, the design of the building, such as its size, shape, and complexity, can also affect the cost of construction.

The planning and designing of the site is the first phase of building a house in Pune. A designer or architect shall prepare an architectural plan for the allotted land. 

A floor plan consists of a variety of rooms, such as a living room, bedroom, kitchen, bathroom, WC, terrace balcony, and many other locations. 

The cost of the architect’s or design engineer’s services, however, will depend greatly on the size of the property. 

The architect charge around 6-10% of the construction cost.

Here is an example of architectural cost for your understanding,

Complex designs, multiple levels, or unique architectural features can increase the cost of materials, labour, and construction.

However, depending on how well-liked the architect is, there can be a slight variation in prices.

Building Materials 

The type and quality of building materials used can have a considerable impact on the construction cost. 

Raw materials needed to construct the foundation, roofing, walls, outer walls, parapet, levels, and plastering make up the majority of construction costs. 

RCC-reinforced steel, concrete, cement, sand, and brick are some of the most often used raw materials in construction. 

However, it might be challenging to estimate the sum of raw materials needed because it mostly depends on the structure’s design.

Below is a list of commonly needed building supplies, the price of which will affect how much it will cost to build your home overall.

• Brick
• Tiles
• Wood

• Sand
• Paint
• Plywood
• Steel
• Electric fitting
• Sanitary fitting
• Pipes

Pune has a range of building material options, from locally available materials to imported ones, each with varying costs. The availability of these materials can also affect their cost and overall construction cost in Pune for houses. 

Labour Costs

The cost of labour is a significant factor in construction costs in Pune. The availability and skill level of labourers, as well as their wages, can affect the overall cost of the project.

In Pune, skilled labour charges around  Rs 500- 1000 per day.

Government Regulations and Taxes

Government regulations, such as building codes and permits, can add to the cost of construction. 

The Panchayat, the PMC and PMRDA are among the many organisations that have control over the various building laws that are in force in Pune. 

If your land is in Pune’s Centre, you must get approval from PMC, and if it is outside of PMC’s purview, you must get permission from PMRDA. 

If you’re unsure whether your location is covered by PMRDA, you can check the PMRDA map. 

It is within the Panchayat region if it does not fall under one of these categories. So you might need to conduct a cost analysis depending on the geography and demographics of the area.

Additionally, taxes and fees, such as property taxes and stamp duties, can increase the overall cost of the project.

What is the Average Construction Cost Per Square Foot in Pune?

The average construction cost per square foot in Pune ranges between Rs. 1,500 to Rs. 2,500.

Residential: Rs. 1,200 to Rs. 3,000 per square foot

Commercial: Rs. 2,000 to Rs. 5,000 per square foot

Industrial: Rs. 1,500 to Rs. 3,000 per square foot

These costs are for standard quality construction and may vary depending on the location, type of materials used, and level of finishes.

Compared to other nearby cities or regions, Pune’s construction costs are generally lower than Mumbai, which has an average construction cost per square foot of Rs. 2,000 to Rs. 4,000 for residential properties and Rs. 2,200 to Rs. 5,000 for commercial properties. 

However, construction costs in Pune are higher than in some of the other cities in Maharashtra, such as Nagpur and Aurangabad.

It is important to note that construction costs can fluctuate based on market conditions, labour costs, and material prices.

If you’re looking for affordable housing options in Pune, consider checking out flats under 50 lakhs. These flats offer a great opportunity to own a home in a prime location without breaking the bank. 

With the real estate market in Pune booming, investing in a flat under 50 lakhs now could be a smart financial move for your future. 

How To Reduce Construction Cost in Pune?

 There are several ways to reduce construction costs in Pune without compromising on the quality of the building.

Here are some suggestions:

Plan and design the building carefully: The design of the building can have a significant impact on construction costs. By carefully planning and designing the building, it is possible to reduce waste, minimize the use of expensive materials, and optimize the use of space.

Use local materials: Using local materials can often be cheaper than importing materials from other regions. Additionally, local materials may be more suited to the local climate and building practices.

Optimize the use of space: By optimizing the use of space, it is possible to reduce the overall size of the building and save on construction costs. This can be done by designing efficient floor plans, using multifunctional spaces, and minimizing unnecessary features.

Compare quotes from multiple contractors: It is important to get quotes from multiple contractors and compare them carefully. This will help to identify any significant differences in costs and ensure that you are getting a fair price.

Use energy-efficient materials: Using energy-efficient materials can help to reduce long-term costs associated with heating, cooling, and lighting. This can include using insulated windows, energy-efficient lighting, and high-efficiency HVAC systems.

Choose the right time to build: The cost of materials and labour can vary depending on the time of year. By choosing the right time to build, it may be possible to save on costs.

Overall, reducing construction costs in Pune requires careful planning, attention to detail, and a willingness to explore different options. Working with a knowledgeable architect or contractor can also help to identify additional cost-saving measures that are specific to your project.

FAQs