What is 500 Sq Ft House Construction Cost?

Recently, I got in touch with a builder to get a house built on a plot. I asked the builder about the construction cost of building a 500 sq ft house. He told me it would cost me around 10 to 12 lakhs to get the house built. It felt like he was trying to rip me off and I started doing some research around the cost. I did some research online and also got in touch with other builders as well. 

How Much is the Construction Cost of 500 sq ft House?

From my research, I learned that the total cost would be somewhere between Rs. 7 to 7.5 Lakhs. I also came to know about the cost and amount of various materials necessary for house construction. I have added them to the below table. 

Now, if you add these charges, the total amount comes to around Rs. 7,25,670. This amount is an approximate amount and can change based on a few factors, such as location, quality of materials, etc. 

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What is the cost of construction per sq ft?

I have been thinking of constructing a house for 5 years and have been saving money since then. Recently, I was exploring how much does it cost to build a 500 sq ft house, and I realised it’s not as straightforward as it seems. I wanted to get a clear idea because I had heard different figures. I hence researched it and spoke with local contractors as I want an estimate to make sure that I am ready to get into it.

How Much Does It Cost to Build 500 Sq Ft House?

I finally got to know that for a 500 sq. ft. house, the construction cost in India can range anywhere between Rs.6,00,000 and Rs.15,00,000. This price depends on several factors, like the location, materials, and the quality of work you’re aiming for.

• In urban areas where labor and materials are more expensive, you could easily be looking at the higher end of that range. In contrast, in smaller towns, the cost could be more manageable.

• During my research, I found that using good quality materials, like cement blocks for walls, high-grade steel, and ready-mix concrete, can significantly impact the overall price. 

• And if you’re planning to include things like a Sintex water tank or premium bathroom accessories, that will naturally push the cost up further.

• One interesting thing I discovered was about finish, if you go for basic fittings, you can stay on the lower side, but if you opt for better-quality doors or fancier flooring, the price goes up.

So, while planning a 500 sq. ft. house, it’s essential to take all these factors into account to get a more accurate estimate. I hope my answer helps you know how much does it cost to build a 500 sq ft house.

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We have decided to construct a 500 sq ft house so I can help you get an idea about its construction cost. The 500 square feet house construction cost can start from Rs. 5 lakh. However, the price varies based on a variety of factors, including location, cost of labour, materials used, and complexity of design. Scroll down to get an estimate for building a 500 square foot house.

How to Calculate the Cost of Building 500 Sq Ft House?

We spoke with a builder to obtain an estimate, and he provided us with an accurate cost that took the appropriate division into account. I am sharing the same here:

• Cement is needed in 0.4 bags per square foot to construct a 500 square foot home. Thus, 200 bags of cement are required (0.4 × 500 = 200 bags).

• A 500 square foot house requires an average of 1,750 to 2,000 kg (or 1.75 to 2 tonnes) of steel.

• The quantity of sand and aggregate required will be 600 CFT and 675 CFT respectively. 

• Since a typical house needs 17 bricks per square foot, 8,500 bricks will be required for the construction of a 500 square foot home.

• The typical cost for civil work ranges from Rs 800 to Rs 1000 per square foot.

• The rate ranges from Rs 400 to Rs 700 per square foot for finishing work.

So, a 500 square foot, fully furnished single-story home may typically be built in between Rs. 6 and Rs. 8.5 lakh. Moreover, our builder also informed us that if we want to build a two-story 500 sq ft home, then it will cost me between Rs. 10 and Rs. 15 lakh. 

This is the average cost to build a 500 sq ft house in India. 

Constructing a house can be an exciting project, but it's important to have a clear idea of 500 sq ft house construction cost. The cost can vary depending on the materials used, labour charges, construction material type, land cost and any additional features. Eg. Getting a 500 sq ft house constructed in a metropolitan is more excessive than getting a 500 sq ft house constructed in a tier 3 city.

What is the construction cost for 500 sq ft house?

On average, the construction cost per square foot in India ranges from ₹1,000 to ₹3,000. So, for a 500 sq ft house, the estimated cost would be around ₹5 lakh to ₹15 lakh. This calculation does not include the cost of permits, fees, taxes, and utility charges. 

500 sq ft house construction cost in Chennai is generally between ₹1,200 to ₹3,000. For a 500 sq ft house, the estimated cost would range from ₹6 lakh to ₹15 lakh.

Calculation: 500 sq ft * ₹1,200 (minimum cost per sq ft) = ₹6,00,000 (₹6 lakh)

500 sq ft * ₹3,000 (maximum cost per sq ft) = ₹15,00,000 (₹15 lakh)

: Construction costs in Mumbai can be relatively higher, ranging from ₹1,500 to ₹4,000 per square foot. For a 500 sq ft house, the estimated cost would be around ₹7.5 lakh to ₹20 lakh.

Calculation: 500 sq ft * ₹1,500 (minimum cost per sq ft) = ₹7,50,000 (₹7.5 lakh)

500 sq ft * ₹4,000 (maximum cost per sq ft) = ₹20,00,000 (₹20 lakh)

In Bengaluru, construction costs range from ₹1,000 to ₹2,500 per square foot. For a 500 sq ft house, the estimated cost would be around ₹5 lakh to ₹12.5 lakh.

Calculation: 500 sq ft * ₹1,000 (minimum cost per sq ft) = ₹5,00,000 (₹5 lakh)

500 sq ft * ₹2,500 (maximum cost per sq ft) = ₹12,50,000 (₹12.5 lakh)

Moreover, there are numerous free websites that let you calculate 500 sq ft house construction cost in india. Just Google ‘house construction cost calculator’, you'll get a few hits. You can also contact architects, contractors, or professionals who specialise in house construction to find  500 sq ft house construction cost.

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