Preliminary estimate for affordable housing

Total plot area = 18.5 bigha

1 bigha = 3,025 sq yards
Total area= 55,962.5 sq yards = 5,03,662.5 sq ft

Total permissible FAR = 1.83

which means 1,02,411.4 sq yards = 9,21,702.4 sq ft

Total super area = 1,02,411.4 + 25% = 1,28,014.2 sq yards = 11,52,128 sq ft

Total super area to be given to party A (farmer)= 12,500 sq ft/ bigha
= 12,500 x 18.5
= 2,31,250 sq ft
Please note: this area includes loading factor of 25%
Special note: non refundable amount given to ALD= 25 lakhs

Total initial amount given by investor = 7 cr

Total area to be sold after giving to party A (farmer) = 11,52,128 - 2,31,250

= 9,20,878 sq ft
Total sale price of project = ₹ 2400/ sq ft = ₹ 2,21,01,07,125

Total cost of construction = 11,52,128 x 1200 = ₹ 1,38,25,53,563

Additional expense of basement (if required)= ₹ 2,00,00,000
Additional expense of boundary wall = ₹ 1,00,00,000
Additional expense of landscape and internal roads = ₹ 1,20,00,000
Total cost = ₹ 1,42,45,53,563

Total profit of project = ₹ 2,21,01,07,125 - ₹ 1,42,45,53,563

₹ 78,55,53,562