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BENCHMARK CONSTRUCTION COST
STUDY OF RETAIL, OFFICE AND
RESIDENTIAL DEVELOPMENT
FOR DELHI (NCR), MUMBAI, CHENNAI, BANGALORE,
HYDERABAD, PUNE AND KOLKATA REGIONS
DECEMBER 2016
CONTENTS
Summary
Objective of this Study
Cities Covered
Cost Trends of Developments
Cost Trends of Major Materials
I. EXECUTIVE SUMMARY
Retail, Office, Residential (Luxurious and High End) projects are currently in vogue in the real estate sector and a lotof Clients are moving to these segments of the market due to the Rapid development across cities. As a Study wehave analysed the movement of Construction cost along with key elements for the last five years and anticipatedmovement for the next three years based on present tax structure. We presume that the scenario will change onimplementation of GST (anticipated by 2017)
The movement of prices are based on our market study and our staff recent project involvement which is morenear to realistic cost data.
II. OBJECTIVE
The objective of this Benchmark Study is to track the cost of building and materials for the past 5 years and Future 3 Years. We note that the Major cost impact materials such as Cement and Steel are highly volatile along with Fuel (Diesel).
III. Benchmark Cities
Major Cities including Mumbai, Delhi (NCR), Bangalore, Hyderabad, Chennai, Pune and Kolkata are covered in this study
IV. TRENDS (BENCHMARK STUDY ON SECTORS)
IV.I RETAIL PROJECTS ( Cost Per Sft in Indian Rupees)
The Soft Cost are in the range of 12 – 15% of the construction Cost
Year Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
2012 2,800 2,800 2,800 3,200 3,200 2,800 2,800
2013 3,100 3,100 3,000 3,400 3,400 3,060 3,100
2014 3,400 3,400 3,200 3,500 3,500 3,270 3,400
2015 3,500 3,500 3,200 3,500 3,500 3,430 3,540
2016 3,600 3,600 3,400 3,800 3,800 3,468 3,670
2017 3,780 3,780 3,570 3,990 3,990 3,650 3,860
2018 3,970 3,970 3,750 4,190 4,190 3,840 4,060
2019 4,170 4,170 3,940 4,400 4,400 4,040 4,270
IV.I RETAIL PROJECTS ( Cost Per Sft in Indian Rupees)
The Soft Cost are in the range of 12 – 15% of the construction Cost
2,800 2,800 2,800
3,200 3,200
2,800 2,800
3,100 3,1003,000
3,400 3,400
3,060 3,100
3,400 3,400
3,200
3,500 3,500
3,2703,400
3,500 3,500
3,200
3,500 3,5003,430
3,5403,600 3,600
3,400
3,800 3,800
3,468
3,6703,780 3,780
3,570
3,990 3,990
3,650
3,8603,970 3,970
3,750
4,190 4,190
3,840
4,0604,170 4,170
3,940
4,400 4,400
4,040
4,270
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
Bar Chart Comparison for Retail Development
2012 2013 2014 2015 2016 2017 2018 2019
IV.II OFFICE (HIGH END) PROJECT( Cost Per Sft in Indian Rupees)
The Soft Cost are in the range of 12 – 15% of the construction Cost
Year Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
20122,400 2,400 2,300 2,600 2,200 2,400 2,400
20132,450 2,450 2,400 2,650 2,250 2,450 2,450
20142,550 2,550 2,500 2,800 2,400 2,550 2,550
20152,650 2,650 2,600 2,900 2,500 2,450 2,680
20162,800 2,800 2,700 3,000 2,650 2,754 2,860
20172,940 2,940 2,840 3,150 2,790 2,900 3,010
20183,090 3,090 2,990 3,310 2,930 3,050 3,170
20193,250 3,250 3,140 3,480 3,080 3,210 3,330
IV.II OFFICE (HIGH END) PROJECT( Cost Per Sft in Indian Rupees)
The Soft Cost are in the range of 12 – 15% of the construction Cost
2,400 2,4002,300
2,600
2,200
2,400 2,4002,450 2,450 2,400
2,650
2,250
2,450 2,4502,550 2,550 2,500
2,800
2,400
2,550 2,5502,650 2,650 2,600
2,900
2,500 2,450
2,6802,800 2,800
2,700
3,000
2,6502,754
2,8602,940 2,940
2,840
3,150
2,7902,900
3,0103,090 3,090
2,990
3,310
2,9303,050
3,1703,250 3,250
3,140
3,480
3,0803,210
3,330
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
Bar Chart Comparison for Office Development
2012 2013 2014 2015 2016 2017 2018 2019
IV.III RESIDENTIAL PROJECTS – MID RANGE DEVELOPMENT ( Cost Per Sft in Indian Rupees)
The Soft Cost are in the range of 12 – 15% of the construction Cost
Year Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
20122,400 2,300 2,300 2,400 2,400 2,400 2,400
20132,450 2,400 2,400 2,550 2,550 2,450 2,400
20142,550 2,450 2,400 2,650 2,650 2,450 2,450
20152,600 2,500 2,450 2,700 2,700 2,650 2,530
20162,650 2,500 2,450 2,800 2,800 2,499 2,550
20172,790 2,630 2,580 2,940 2,940 2,630 2,680
20182,930 2,770 2,710 3,090 3,090 2,770 2,820
20193,080 2,910 2,850 3,250 3,250 2,910 2,970
IV.III RESIDENTIAL PROJECTS – MID RANGE DEVELOPMENT ( Cost Per Sft in Indian Rupees)
The Soft Cost are in the range of 12 – 15% of the construction Cost
2,4002,300 2,300
2,400 2,400 2,400 2,4002,450
2,400 2,400
2,550 2,5502,450
2,400
2,5502,450
2,400
2,650 2,650
2,450 2,450
2,6002,500
2,450
2,700 2,7002,650
2,530
2,650
2,5002,450
2,800 2,800
2,4992,550
2,790
2,6302,580
2,940 2,940
2,6302,680
2,930
2,7702,710
3,090 3,090
2,7702,820
3,080
2,9102,850
3,250 3,250
2,9102,970
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
Bar Chart Comparison for Residential Development
2012 2013 2014 2015 2016 2017 2018 2019
V. FLUCTUATIONS PRICE FOR RMC, STEEL, SAND, CEMENT & COPPER
V.I. Concreate Rates ( M40 Grade Per Cum) From 2012 to 2019 with Bar Chart
Year Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
20124,750 4,800 4,300 4,250 4,300 4,750 4,750
20134,850 4,900 4,450 4,500 4,350 4,540 4,900
20144,950 5,000 4,600 4,600 4,500 4,700 5,000
20155,150 5,250 4,800 4,850 4,800 4,710 5,310
20165,250 5,400 4,900 4,900 5,000 4,998 5,500
20175,410 5,490 5,150 5,150 5,250 5,250 5,780
20185,580 5,580 5,410 5,410 5,520 5,520 6,070
20195,670 5,670 5,690 5,690 5,800 5,800 6,380
4,750 4,800
4,300 4,250 4,300
4,750 4,7504,850 4,900
4,450 4,5004,350
4,540
4,9004,950 5,000
4,600 4,6004,500
4,700
5,0005,150
5,250
4,800 4,850 4,8004,710
5,3105,2505,400
4,900 4,9005,000 4,998
5,5005,410 5,490
5,150 5,1505,250 5,250
5,7805,580 5,580
5,410 5,4105,520 5,520
6,070
5,670 5,670 5,690 5,6905,800 5,800
6,380
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
Bar Chart Comparison for Concrete
2012 2013 2014 2015 2016 2017 2018 2019
V.II. Steel Rates ( per MT ) From 2012 to 2019 with Bar Chart
Year Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
201247,000 47,000 46,000 46,000 47,300 47,000 47,000
201343,550 44,000 44,000 44,000 45,000 44,900 44,000
201446,000 47,500 46,000 46,700 47,000 47,000 47,500
201539,000 43,000 38,500 39,000 39,000 38,300 43,500
201635,000 38,000 35,000 35,000 36,000 35,700 38,700
201736,750 39,900 36,750 36,750 37,800 37,500 40,700
201838,588 41,895 38,588 38,588 39,690 39,400 42,800
201940,517 43,990 40,517 40,517 41,675 41,400 45,000
47,000 47,00046,000 46,000
47,300 47,000 47,000
43,550 44,000 44,000 44,00045,000 44,900
44,000
46,000
47,500
46,00046,700 47,000 47,000 47,500
39,000
43,000
38,500 39,000 39,00038,300
43,500
35,000
38,000
35,000 35,00036,000 35,700
38,700
36,750
39,900
36,750 36,75037,800 37,500
40,700
38,588
41,895
38,588 38,58839,690 39,400
42,800
40,517
43,990
40,517 40,51741,675 41,400
45,000
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
Bar Chart Comparison for Steel Rate
2012 2013 2014 2015 2016 2017 2018 2019
V.III. Cement Rates per Bag ( 50 kg) From 2012 to 2019 with Bar Chart
Year Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
2012250 280 240 280 260 250 250
2013275 295 260 295 275 266 295
2014320 315 280 315 290 286 315
2015350 340 300 310 350 343 344
2016370 375 320 300 310 326 382
2017389 394 336 315 326 343 402
2018408 414 353 331 342 361 423
2019428 435 371 348 359 380 445
250
280
240
280
260250 250
275
295
260
295
275266
295
320 315
280
315
290 286
315
350340
300310
350343 344
370 375
320
300310
326
382389 394
336
315326
343
402408
414
353
331342
361
423428435
371
348359
380
445
0
50
100
150
200
250
300
350
400
450
500
Bangalore Chennai Hyderabad Mumbai Delhi Kolkata Pune
Bar Chart Comparison for Cement
2012 2013 2014 2015 2016 2017 2018 2019
V.IV. Copper Rate ( per MT) From 2012 to 2019 with Bar Chart
Year Pan India
2012 435,000
2013 450,000
2014 440,000
2015 360,000
2016 355,000
2017 372,750
2018 391,388
2019 410,957
435,000 450,000
440,000
360,000 355,000 372,750
391,388 410,957
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
Bar Chart Comparison for Copper
2012 2013 2014 2015 2016 2017 2018 2019
FURTHER INFORMATION
WE INVITE FURTHER ENQUIRIES TO;
WWW.WTPINDIA.IN
