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How do i know that how much amount require to complete the construction.

Wed Aug 08, 2012Total posts : 1
tirumala
tirumala
Join date: Jun 2010
Topic: How do i know that how much amount require to complete the construction.

Hi Gents,

One of our aquaitant is being built a Residential Apartment building and due to unforeseen circumstances.. he could not continue to complete the construction. (Partial construction done and left over by owner)

he is not a builder and i personally do know him that.

he wants to sell the aforesaid building.. I am an NRI and i had recently bought Rs 75 lacs residential plots just 200 yards away from my his building.

So, he approached my elder brother and i want to buy the same and complete the construction.

it is a 8 apartments (for 8 individual families can reside) in one building.

G+3  = Ground floor is having 2 shops and facing Black top road.

i will be in india from August-17-2012 to Aug-24-2012 on my short vacation and i want to complete this deal .. during my stay there.

So, how do i know how much amount that i need to complete the building.

you can view the following video ....in you tube

Time in video..apartment under construction.. start 02 minute:33 sec.

Video link  :  PTVRAO commercial plot 15032012014.mp4

i appreciate the response from someone.. to determine the minimum required amount to completye the whole construction.

Best regards,

PTV RAO.

 

Fri Aug 10, 2012Post  #1
Ar. Manoj Ralen
Ar. Manoj Ralen

Join date: Feb 2008
Dear PTV Rao, 
The best method to proceed at this time would be to do the following. 

1) Connect with 2 or 3 contractors who complete building in that area. 
2) Ask them to visit the site and get a quote to complete the work.  Ask them to specifically tell you the quantity of work to be performed and per square feet rate of the work.  If they quote a lump-sum amount without the quantity and rate, it would be generally on the lower side and eventually it would end up costing much more. 
3) Once you upload that information, we would be able to judge whether the quantities and the rates offered by them make sense or not.  
4) It will also help  you select the one who you could hire to complete the work. 
Thanks 
 

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