Is it possible to construct a house within 5 lakhs in India?

 

SO many times, in so many ways, a below middle class Indian might have introspected his ability, questioned his finances, and finally rest his thoughts after realizing that he is unable to do anything in this corruption oriented and red tape process filled society. When the cost of housing material is raising relentlessly because of inflation on one side and the financial opportunities are coming down or unavailable on the other hand, there is no way for the common man but to wish and dream instead of doing something concrete to realize what he has on his mind. Governments across the worlds are doing their best to provide shelter to all their citizens irrespective of their financial status. Especially, for citizens, who fall under the poverty line, this kind of support from the government really matters a lot.

This blog, after doing in-depth research, provides a few options and solutions regarding constructing a full-fledged house within 5 lakhs. At the moment, there are so many pockets in India, especially tier -2 & 3 cities, where you can get 1200 sq ft [2.5 cents] land within 1 lakh. If the idea is to construct a house somewhere near to a metropolitan city, then as a buyer it is easy to get residential land within 1 lakh budget in the current scenario. But, if the idea is to buy the sq ft land in metropolitan city itself, then it is difficult.

This blog safely assumes that you want to buy a land that falls near to a metropolitan city [read, city outskirts!]. Now, after buying a land [need to check the whether the land [1200 sq ft] documents are proper] for 1 lakh, you have 4 lakhs in your budget to construct a house. As you know, the cost of building a house with traditional materials costs nearly Rs. 2000 per sq. ft. In this scenario, is it not better to build a house with non-traditional materials? For example: using fly-ash bricks instead of the traditional red bricks, prefabricated walls instead of on-site built walls, etc.

This blog assumes that you are interested in using non-traditional materials for building your house and gives suggestions from that point of view so that you can construct your house within 5 lakhs INR budget. Now, when it comes to non-traditional construction material, there are so many varieties: Prefabricated materials, biodegradable materials, etc. A house can be a mishmash of prefabricated and biodegradable construction materials. The good point here is that these non-traditional construction building materials come at a cost-effective price and display more strength, malleability, and ductility compared with the traditional ones.

As per the research done by this blog, a prefabricated house made of bamboo is sold at Rs. 500 per sq. ft. Now, if you want to construct a 500 sq. ft. prefabricated house [comes with flooring, a decent and strong roof top, provision for electricity wiring, smooth wall finishing (no need for plastering), painted walls, doors, ventilators, windows, etc.] within your 1200 sq. ft. land, you need to spend around Rs. 2,50,000/-. That means, out of your 5 lakhs budget, if you had invested Rs. 1 lakh toward your 1200 sq. ft. plot and Rs. 2,50,000/- toward your prefabricated house, you are still left with Rs. 1,50,000/-, which you can use to provide ground water, electricity, and other related activities.

 

 

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