Formula for House Construction Cost and Floor Space Index
Understanding the formula for calculating house construction costs and the Floor Space Index (FSI) is crucial for effective project planning. Construction cost is typically estimated by multiplying the total built-up area by the cost per square foot. FSI, also known as Floor Area Ratio (FAR), is calculated by dividing the total built-up area by the plot area. For instance, if a plot spans 1,000 square meters with an FSI of 2, the permissible built-up area would be 2,000 square meters.