What are some tips to reduce construction costs while building a house in India? - PPT - PowerPoint PPT Presentation

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What are some tips to reduce construction costs while building a house in India? - PPT

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When you’re building a property, you’ll need a construction home loan to finance the process. A construction home loan is structured differently than a regular home loan in that the lender won’t release all the funds at once. Instead, the lender will decide how much you need for the project, and will then release the funds in periodic payments to your builder. – PowerPoint PPT presentation

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Date added: 3 September 2020
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Title: What are some tips to reduce construction costs while building a house in India? - PPT


1
Double Bull Cement
2
Company Overview
  • Double Bull cement is the leading cement
    manufacturing companies in Eastern India.
  • One of the fastest-growing cement companies to
    achieve such feat amongst cement manufacturers
    operating in Eastern India.
  • company was awarded the Brand of the Decade
    2018 award in the cement category by ERTC Media
    and the Brand of the Year Cement Segment
    award for excellence in building and construction
    at the National Awards for Marketing Excellence
    by the Times Network in 2018.

3
What are some tips to reduce construction costs
while building a house in India?
4
What are some tips to reduce construction costs
while building a house in India?
  • When youre building a property, youll need a
    construction home loan to finance the process.
  • A construction home loan is structured
    differently than a regular home loan in that the
    lender wont release all the funds at once.
  • Instead, the lender will decide how much you need
    for the project, and will then release the funds
    in periodic payments to your builder.
  • These periodic payments are known as draws.
  • Theyll be paid out at the completion of each
    individual stage of your construction.

5
What are some tips to reduce construction costs
while building a house in India?
  • Another way construction loans can differ is in
    the size of deposit lenders require.
  • Because construction loans can be seen as
    inherently riskier, lenders might require some
    percentage of the total value of construction as
    a deposit.
  • Before you seek out finance, make sure you have a
    detailed plan in place.
  • Because construction home loans rely on an
    estimate of the assumed value of the completed
    house, your lender will want to have detailed
    construction plans that are fully costed.
  • Building a home is going to be an expensive
    process and youll likely end up paying more than
    you anticipated.
  • That being said, there are ways you can save
    money.

6
What are some tips to reduce construction costs
while building a house in India?
  • Shop around for the best prices on fittings and
    fixtures, and on the materials, your builder will
    use.
  • Get multiple quotes for any item needed during
    the construction process.
  • You can also save money at the outset of the
    process by choosing a site that takes less
    preparation.
  • Hauling off dirt, removing rocks, or clearing
    brush can end up being costly.
  • I would suggest don't cut costs on cement and
    sands as it is one of the important ingredients
    required for the structure of the base.
  • Portland Pozzolana Cement (PPC) is one of the
    best cements for building a house.

7
Reference
  • https//www.doublebullcement.com/
  • https//www.doublebullcement.com/about-us.php
  • https//www.doublebullcement.com/products.php
  • https//www.doublebullcement.com/portland-pozzolan
    a-cement-ppc.php

8
Thank You
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