Finally Started my construction a Duplex 30X50 site in EC...

[m_d1982]

7 Feet walls have been constructed. Lintels work to be completed by this week.

@guruprasad7 - With regards to materials used for contruction, The agreement i have with contractor is he will inform me when the new load arrives. Since i stay close in 1 km radius of the construction site i try to visit the site the same day... However with regards to wood and bathroom fittings, Electrical fittings, Flooring i will go along wwith the contractor while purchasing.. But still there are loop holes like the cement + Sand mix ratio, proper curing etc which i have to go ahead with what he says.

@Chida_gs - There are two issues i am facing with bank
1) Delay in disbursement - The problem is i have taken a loan for an axis bank approved agency ( I was not aware of this while taking the loan). Hence my request has to go through them and they receive the DD on my behalf. Lead time in them sending request to Axis bank and lead time for them to give me the DD. Eg last time it took 4 days for the agency to give me the DD.. I have approached Sr Management written to Nodal officer, Sr VP etc.. However what they say is that since i took loan through agency i have follow the same process and cannot be changed.
First disbursement they had a wrong account number on the DD and to change this it took 10 days.

2) Very less amount being approved compared to the progress made.. Right now only around 35 % of amount is approved against the actual cost incurred till now.

I will see how it works for this disbursement and decide whether to change the bank. I am paying pre emi currently for whatever amount disbursed till now.

[ramki067]

7 Feet walls have been constructed. Lintels work to be completed by this week.

@guruprasad7 - With regards to materials used for contruction, The agreement i have with contractor is he will inform me when the new load arrives. Since i stay close in 1 km radius of the construction site i try to visit the site the same day... However with regards to wood and bathroom fittings, Electrical fittings, Flooring i will go along wwith the contractor while purchasing.. But still there are loop holes like the cement + Sand mix ratio, proper curing etc which i have to go ahead with what he says.

@Chida_gs - There are two issues i am facing with bank
1) Delay in disbursement - The problem is i have taken a loan for an axis bank approved agency ( I was not aware of this while taking the loan). Hence my request has to go through them and they receive the DD on my behalf. Lead time in them sending request to Axis bank and lead time for them to give me the DD. Eg last time it took 4 days for the agency to give me the DD.. I have approached Sr Management written to Nodal officer, Sr VP etc.. However what they say is that since i took loan through agency i have follow the same process and cannot be changed.
First disbursement they had a wrong account number on the DD and to change this it took 10 days.

2) Very less amount being approved compared to the progress made.. Right now only around 35 % of amount is approved against the actual cost incurred till now.

I will see how it works for this disbursement and decide whether to change the bank. I am paying pre emi currently for whatever amount disbursed till now.

Hi Martin,

Can i know which company steel rods and is it 500 TMT rods that you are using for pillars and the house roof slabs?

Thanks,
Ramki

[m_d1982]

Hi Ramki - Its Indus Steel FE500 TMT

[ramki067]

Hi Ramki - Its Indus Steel FE500 TMT

Thanks. Whats the update from your construction?

Ramki

[guruprasad7]

Thanks Martin,

Another Good News for blog members.... Even I'm starting the construction on my 30' x 50' site in Uttarahalli. Will start blogging the detailed information as Martin is doing, so that would help other members here.

@Martin: Thanks for the material quote you posted, i used that and modified as per my requirements and used that as a reference checker during the discussion with civil engineers. Got a best deal with my known engineer for 1.5lac for one square with overall Granite, wall claddings, Wooden carving around the pooja room door, etc, etc, etc.... will start a thread sooon

Drilling the borewell tomorrow @ 6am.

[venkyn]

Hi GuruPrasad,

My best wishes for the construction and indeed good to know you could finalize for 1.5L.
Can you also please post the Engineer/contractor quote and the plan for the reference of members who are trying to get the financials rite.

Regards,
Venky

[m_d1982]

@ GuruPrasad: Congratulations and wish you all the very best. 1.5L is a good deal.

@ Ramki: Currently the first floor roof level is done. waiting for bank to disburse funds to completed the roof slab.

[m_d1982]

Roof Level for First Floor

[guruprasad7]

Sure Venky. I'll post it soon.

[m_d1982]

Centering work in Progress for First Floor Roof Slab