Cost per square foot of living space

Can you believe it?Experienced engineers say the cost of construction per square feet of living space is just about four hundred rupees(Ten Dollars).Even after adding a share of undivided land(which is worthless anyway - if the building is demolished/collapses, all the occupants may not not be able to contribute for a new structure, due to their varied financial position & the undivided share will not be sufficient to set up even just one room of 10 feet by 10 feet)if should not exceed six hundreds.A fifty percent margin for the builder/developer will lead to a cost of nine hundreds only.Whereas flats in Bangalore/Pune/Hyderabad/Chennai/Other towns are being sold at two/three/four thousand a square feet.

 

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It's determine by demand supply theory not by costing.

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