Creating Budget of G+45 High Rise Building in Mumbai Maharashtra

Step 1: Understanding the Project Scope

First off, let's get clear on what we're dealing with. A G+45 building means you've got 45 floors above the ground floor. Since it's in Andheri East, one of Mumbai's prime areas, the land costs are high, and the quality expectations will be top-notch. We'll be considering everything from the foundation to the finishes.

Step 2: Land Cost

In Mumbai, especially in Andheri East, land cost is a big chunk of your budget. Let’s assume you're dealing with a 2000 square meter plot. The cost per square meter in this area can be around ₹3 lakh, so:

Land Cost = 2000 sq. m. x ₹3,00,000 = ₹60 crores

Step 3: Foundation and Structure

Given the height (G+45), the foundation needs to be solid, and the structure will require a lot of steel and concrete.

Foundation Cost: Since we’re going deep with piles or a raft foundation, let's allocate about ₹5000 per square meter for the foundation.
- Total Foundation Cost = 2000 sq. m. x ₹5000 = ₹1 crore
Superstructure Cost: This includes the main skeleton of the building, using reinforced concrete and steel. Typically, it could cost around ₹2500 per square foot.
- For 45 floors, assuming each floor is 10,000 square feet:
- Total Superstructure Cost = 45 x 10,000 sq. ft. x ₹2500 = ₹112.5 crores

Step 4: MEP Services (Mechanical, Electrical, and Plumbing)

Even though we're not using the terms explicitly, these services are critical for a high-rise.

Electrical and Plumbing Cost: On average, it can cost around ₹500 per square foot.
- Total MEP Cost = 45 x 10,000 sq. ft. x ₹500 = ₹22.5 crores

Step 5: Elevators and Escalators

For a building this tall, you'll need high-speed elevators, and maybe a few escalators for lower floors.

Elevator Cost: Let's say ₹1 crore per high-speed elevator, and you might need around 6 elevators.
- Total Elevator Cost = 6 x ₹1 crore = ₹6 crores

Step 6: Interior Finishes

This includes flooring, painting, false ceilings, and other decorative works. Since it’s a high-end project:

Interior Finishing Cost: Around ₹1000 per square foot.
- Total Finishing Cost = 45 x 10,000 sq. ft. x ₹1000 = ₹45 crores

Step 7: Exterior Work

This covers the facade, windows, external paints, and landscaping.

Facade and Exterior Cost: Usually around ₹500 per square foot.
- Total Exterior Work Cost = 45 x 10,000 sq. ft. x ₹500 = ₹22.5 crores

Step 8: Miscellaneous Costs

Let’s not forget the costs that don’t fit neatly into categories—permits, legal fees, design fees, and contingencies.

Miscellaneous Costs: Typically, this can be about 10% of the total construction cost.
- Assuming the total construction cost (excluding land) is ₹210 crores:
- Total Miscellaneous Costs = 10% of ₹210 crores = ₹21 crores

Step 9: Total Budget Calculation

Now, let’s sum up everything:

Land Cost = ₹60 crores
Foundation and Structure Cost = ₹113.5 crores
MEP Services = ₹22.5 crores
Elevators and Escalators = ₹6 crores
Interior Finishing = ₹45 crores
Exterior Work = ₹22.5 crores
Miscellaneous Costs = ₹21 crores

Total Budget = ₹60 + ₹113.5 + ₹22.5 + ₹6 + ₹45 + ₹22.5 + ₹21 = ₹290.5 crores

Mon Sep 2, 2024