Building a residential home is most expensive in Mumbai

Building a residential home is most expensive in Mumbai
14/09/2018 , by , in News/Views

Variation in costs in different cities can be attributed to different demand levels, proximity to supply centres and efficiency of logistics networks, says a CBRE report.

Rs 3,125per sq ft Cost of construction of a residential apartment in Mumbai. Rs 2,750/sq ft Cost of construction in Delhi and Pune. Rs 2,500/sq ft In Chennai and Bengaluru. 8.2 billion sq ft Overall stock of developed real estate in urban centres likely by 2025

People expected to get employment 1,70,00,000. Implementation of GST has come as a breather for the real estate industry. Aimed at introducing uniform taxation, GST has enabled builders to source materials from suppliers in a transparent manner.

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