Mathrubhumi file photo for representation

Thrissur: The cost of building a house has risen exponentially over the past five years. The fair price of land has increased by 10 per cent and the land tax has been doubled. With the increase in raw materials for construction, around Rs 8 lakh more is needed to build a 1,000 sq ft house.

In 2016, Rs 1,500 was cost per sq ft for construction. At present, it is Rs 2,300-2,500. Iron bars, iron pipes, wires, plumbing materials, paint, roof sheets, and bricks cost more than double now.

Though there was a dip in the prices in 2019, it started to increase again later. The decision to charge higher GST for cement blocks than other blocks will further increase the cost.

Item201620192022Iron bar (kg)Rs 38Rs 46Rs 97Cement (per sack)250300410Wire (for AC, per metre)212745Wire (90 metre)330480750Steal tap450-600700-8001100-1200Rock sand (1 unit)3,5004,2005,350Labour charge (for experts)550-600800-8501,100-1,200Paint (litre)140-150180-200250-300Roofing sheet (sq ft)253570Iron pipe (1 kg)40-4560-65105-10725 mm PVC pipe (1 metre)202545Cement block (1 peice)20-2124-2530-32Construction cost (1,000 sq ft)14-15 lakh17-18 lakh23-25 lakh

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