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Q.

What is the cost per acre for the formation of a layout?

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Summary
The cost to form a layout per acre can be approximately Rs. 20 to Rs. 25 lakhs. Government regulations require 40% of land to be reserved for roads and common areas, effectively doubling development costs. It is recommended to consult with multiple developers to get accurate estimates.

Government regulations now prevent you from selling more than 60% of the property when you develop it, therefore you must reserve 40% of your land for roads and common areas. Your cost is automatically nearly doubled as a result.

You can be confident that spending between Rs.20 and Rs.25 lakhs on a layout is required. Hence it is best to talk to multiple developers if you wish to develop a piece of property.

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