by Industrial Guide | Jun 13, 2025 | I - News
Property Taxes Annual taxes are levied by the local municipality or panchayat based on land usage, location, and assessed value. Typical rate: 1% to 2% of the assessed land value per year For land valued at ₹3 crore, annual tax ranges from ₹3 lakh to ₹6 lakh...
by Industrial Guide | Jun 13, 2025 | I - News
Property and Asset Insurance This policy protects physical structures, infrastructure, and built-up facilities against damage or loss due to fire, natural disasters, or vandalism. Standard fire and perils policy covers buildings, electrical systems, roads, and fencing...
by Industrial Guide | Jun 13, 2025 | I - News
Typical Improvement Scope Per-acre improvement costs include all major site development elements such as grading, utilities, internal roads, fencing, lighting, drainage, and basic infrastructure. Covers site clearing, earthwork, internal access, and utility connection...
by Industrial Guide | Jun 13, 2025 | I - News
Standard Contingency Allocation A contingency budget accounts for unexpected costs such as delays, price hikes, or design changes. It is a critical buffer in project planning. Typically ranges from 5% to 10% of the total project cost Used to manage risks without...
by Industrial Guide | Jun 13, 2025 | I - News
Standard Inspection Fees Municipal authorities charge inspection fees during various stages of the development process to ensure compliance with building and zoning regulations. Building plan and layout inspections: ₹10,000 to ₹50,000 depending on plot size and...
by Industrial Guide | Jun 13, 2025 | I - News
General Budget Allocation Engineering and design typically account for 5% to 10% of the total project cost, depending on the complexity, scale, and regulatory requirements of the development. For basic infrastructure (roads, utilities, grading), plan for ₹5 lakh to...
