To construct a building of 7 floors, the amount of land required will depend on various factors such as the total built-up area, floor area ratio (FAR), and other local regulations
. The FAR determines the maximum floor area that can be constructed on a given plot of land. For example, if the FAR is 1.11 and the land area is 45,000 square feet, you can construct flats of 10,000 square feet on each floor. However, it’s important to note that these figures are approximate and can vary based on local regulations and specific project requirements.
The government procedure for constructing a building typically involves obtaining various approvals and clearances from the relevant authorities. Here are some general steps that may be involved:
- Land title
: Ensure you have clear title to the land or plot where you plan to construct the building.
- Land clearance
: If the land is agricultural, you may need to obtain approval from the concerned authority to convert it for non-agricultural use.
- Zoning clearance
: Obtain zoning approval from the local body or authority.
- Building plan approval
: Submit the building plan to the local development authority for approval.
- Layout approval
: Obtain layout approval as per the floor area ratio (FAR) or floor space index (FSI) norms.
- Intimation of Disapproval (IOD)
: Obtain IOD, which is permission to start construction from the local development authority.
- Commencement Certificate (CC)
: Obtain CC, which signifies that construction can begin.
The cost associated with construction can vary widely depending on factors such as location, size of the building, quality of materials used, labor costs, and other factors. It is advisable to consult with architects, contractors, or construction professionals who can provide a more accurate estimate based on your specific requirements.
Regarding financing options, several banks offer loans for construction projects. Some popular banks in India that provide construction loans include HDFC Bank, ICICI Bank, State Bank of India (SBI), Axis Bank, and Punjab National Bank (PNB). It is recommended to compare loan terms, interest rates, and eligibility criteria offered by different banks before making a decision.
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To purchase land for constructing a building of 7 floors how much land is required? What is the govt procedure to follow? How much it will cost to do the other things associated with construction? I will also need a good amount of money (in crores) or a loan so which bank can help me? I reside in Virar West Agashi road
madhusudan shripuram
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2023-09-14T09:26:17+00:00 2023-09-14T10:06:59+00:00Comment
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