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NEWEL EXPERIENCE FOR...
REAL ESTATE PRACTICE
www.nkshome.wapka.m
OVERVIEW OF KEY ISSUES
www.nkshome.wapka.m
Proposal
for…
Buildings
Rates
Residential
Buildings
www.nkshome.wapka.m
WHAT IS A BUILDING
A building is living place surrounded by walls and
covered by roofs to keep out rain, sun, wind
etc…
www.nkshome.wapka.m
FAMILY OF BUILDINGS – USES
 Residential Building
 Educational Building
 Commercial Building
 Assembly Building
 Industrial Building
 Institutional Building
 Storage Building
 Infrastructure Building
 Etc..
 Houses, Apartments,
Flats…
 Schools, Universities …
 Banks, shopping complexes, Boutiques
…
 Wedding Halls, Theaters, Churches …
 Factories, Power Plants
 Government Offices, Hospitals …
 Warehouses, Godowns …
 Treatment Plants, Sewerage Plants
…
 Etc..
www.nkshome.wapka.m
www.nkshome.wapka.m
AS PER CONSTRUCTION TYPE / MATERIALS
 Solid
 Traditional
 Structural Steel Frame
 Reinforced Concrete
 Modular System
 Portal Frame
 Composite
www.nkshome.wapka.m
RESIDENTIAL BUILDING TYPES
www.nkshome.wapka.m
RESIDENTIAL BUILDING TYPES
www.nkshome.wapka.m
RESIDENTIAL BUILDING TYPES
www.nkshome.wapka.m
RESIDENTIAL BUILDING TYPES
An Apartment (American English), Flat (British English)
or Unit (Australian English) is a self-contained housing
unit (a type of residential real estate) that occupies
only part of a building, correctly, on a single level without
a stair.
www.nkshome.wapka.m
www.nkshome.wapka.m
www.nkshome.wapka.m
RESIDENTIAL BUILDING TYPES
www.nkshome.wapka.m
RESIDENTIAL BUILDING TYPES
RESIDENTIAL BUILDING TYPES
www.nkshome.wapka.m
SRI LANKAN PRACTICE – DESIGN / TYPE
Design Type
Obsolete Ordinary I
Ordinary II
Ordinary III
Semi Modern Semi Luxury
Modern Luxury
Ultra Modern Super Luxury
www.nkshome.wapka.m
FACTORS TO BE CONSIDERED…
 Internal Data
 Quantities
 Building Department
 UDA Adopted
 Real Estate Market
www.nkshome.wapka.m
INTERNAL DATA
www.nkshome.wapka.m
R/D – 05.09.2016
QUANTITIES
www.nkshome.wapka.m
BUILDING DEPARTMENT
www.nkshome.wapka.m
UDA ADOPTED
www.nkshome.wapka.m
BEHAVIOR OF REAL ESTATE MARKET
Real Estate is "property consisting of land and the
buildings on it, along with its natural resources such as
crops, minerals or water; immovable property of this
nature; an interest vested in this (also) an item of real
property, (more generally) buildings or housing in general.
Also: the business of real estate; the profession of buying,
selling, or renting land, buildings or housing.“
www.nkshome.wapka.m
Rs.3,428.57 Rs.3,466.67
Rs.3,111.11 Rs.3,625.0
www.nkshome.wapka.m
Rs.3,152.17 Rs.4,591.84 Rs.4,250.00
Rs.3,851.85 Rs.3,716.22 Rs.4,563.76
www.nkshome.wapka.m
Rs.3,851.85 Rs.3,716.22 Rs.4,090.91 Rs.3,900.00
Rs.3,500.00 Rs.3,222.22 Rs.3,583.33 Rs.8,800.00
www.nkshome.wapka.m
www.nkshome.wapka.m
Rs.4,740.74 Rs.5,185.19 Rs.4,444.44
Rs.5,222.22
Rs.4,949.49 Rs.5,151.51
http://www.luckhousebuilders.lk
Rs.3,600.77
Rs.3,740.61
Rs.3,600.75
Rs.3,931.03
Rs.3,704.66
www.nkshome.wapka.m
http://www.luckhousebuilders.lk
Rs.3,913.85
Rs.3,900.71
Rs.4,184.42
Rs.3,795.36
www.nkshome.wapka.m
www.nkshome.wapka.m
www.nkshome.wapka.m
www.nkshome.wapka.m
Rs.3,787.47
Rs.3,500.00
Rs.2,300.00
www.nkshome.wapka.m
www.nkshome.wapka.m
www.nkshome.wapka.m
Rs.3,582.89
www.nkshome.wapka.m
Rs.3,661.16
www.nkshome.wapka.m
Rs.3,709.20
www.nkshome.wapka.m
Rs.4,472.05
www.nkshome.wapka.m
Rs.3,582.80
www.nkshome.wapka.m
ANALYSIS – RESIDENTIAL BUILDING - LUXURY
www.nkshome.wapka.m
M Luxury E
O Single Story 1 1350 5,200,000.00 3,851.85 6 4,500.00
Single Story 2 1480 5,500,000.00 3,716.22 6
D Single Story 3 1200 4,800,000.00 4,000.00 5
Single Story 4 5,500.00
E
Two-Storied 1 3768 13,500,000.00 3,582.80 8 3,500.00
R Two-Storied 2 2022 7,500,000.00 3,709.20 8
Two-Storied 3 2786 10,200,000.00 3,661.16 7
N Two-Storied 4 1870 6,700,000.00 3,582.89 7 4,000.00
General Type of Residence Materials
Floor Area
Sq.Ft.
Cost of building
(Rs.)
Rate P/Sq.Ft.
(Rs.) Folio
Proposed
Range (Rs.)
ANALYSIS – RESIDENTIAL BUILDING – SEMI-LUXURY
S Semi Luxury D
E Single Story 1 700 2,400,000.00 3,428.57 6 3,000.00
Single Story 2 750 2,600,000.00 3,466.67 6
M Single Story 3 800 2,900,000.00 3,625.00 6
Single Story 4 800 2,800,000.00 3,500.00 5
I Single Story 5 900 2,900,000.00 3,222.22 5
Single Story 6 1000 3,500,000.00 3,500.00 5
M Single Story 7 900 2,800,000.00 3,111.11 5
Single Story 8 920 2,900,000.00 3,152.17 5 3,600.00
O
Two Storied 1 3,000.00
D Two Storied 2 3,500.00
General Type of Residence Materials
Floor Area
Sq.Ft.
Cost of building
(Rs.)
Rate P/Sq.Ft.
(Rs.) Folio
Proposed
Range (Rs.)
www.nkshome.wapka.m
ANALYSIS – RESIDENTIAL BUILDING – SUPER-LUXURY
U Super Luxury F
L Single Story 1 1490 6,800,000.00 4,563.76 6 4,500.00
Single Story 2 1100 4,500,000.00 4,090.91 5
T Single Story 3 980 4,500,000.00 4,591.84 5
Single Story 4 675 3,200,000.00 4,740.74 4
R Single Story 5 675 3,500,000.00 5,185.19 4 5,500.00
Single Story 6 900 4,000,000.00 4,444.44 4
A Single Story 7 900 4,700,000.00 5,222.22 4
Single Story 8 900 4,900,000.00 5,444.44 4
M Single Story 9 990 5,100,000.00 5,151.52 4Above
O Two Storied 1 3220 14,400,000.00 4,472.05 8 4,500.00
D Two Storied 2 4125 18,500,000.00 4,484.85 7Above
General Type of Residence Materials
Floor Area
Sq.Ft.
Cost of building
(Rs.)
Rate P/Sq.Ft.
(Rs.) Folio
Proposed
Range (Rs.)
www.nkshome.wapka.m
ANALYSIS – RESIDENTIAL BUILDING – OBSOLETE
General Type of Residence Materials
Floor Area
Sq.Ft.
Cost of building
(Rs.)
Rate P/Sq.Ft.
(Rs.) Folio
Proposed
Range (Rs.)
O Ordinary I A #DIV/0! 2,000.00
#DIV/0!
B #DIV/0!
#DIV/0!
S #DIV/0!
Ordinary II B #DIV/0!
O #DIV/0!
#DIV/0!
L #DIV/0!
#DIV/0!
E Ordinary III C #DIV/0!
#DIV/0!
T #DIV/0!
#DIV/0!
E #DIV/0! 3,000.00
www.nkshome.wapka.m
OBSOLETE / OEDINERY I - III SEMI-MODERN/S-LUXURY MODERN/LUXURY ULTRA-MODERN/Supr Lux
Item A B C D E F
Roof
Asbestos sheets or
similar on coconut
rafters' or similar
framework without
valance boards,
bargeboards or gutters
Asbestos sheets or
similar on coconut
rafters' or similar
framework without
valance boards,
bargeboards or gutters
Standards tiles,
Asbestos sheets, ZINC
Alu. sheets on sawn
timber framework +
valance boards,
bargeboards, PVC/Alu
gutters, down pipes
Standards tiles,
Asbestos sheets, ZINC
Alu sheets on class I
sawn timber framework
with valance boards,
bargeboards, Alu
gutters, down Pipes
Standards tiles,
Asbestos sheets, ZINC
Alu sheets + sandwich
layer on Luxury sawn
timber framework with
valance boards,
bargeboards, Alu
gutters, down Pipes
Standards tiles,
Asbestos sheets, ZINC
Alu sheets + sandwich
layer on Luxury sawn
timber framework with
valance boards,
bargeboards, Alu
gutters, down Pipes
Ceiling
Nil Asbestos sheets flat
ceiling or similar but
partly
Asbestos sheets flat or
Timber flat ceiling
Under rafters' asbestos
sheets partly and
timber flat partly
Under rafters' asbestos
sheets fully or timber
Under Rafters'
Lunumidella Timber
Imported Materials
Walls
Bricks/Ctblk, unplasterd Bricks/Ctblk, Ptd &
colour painted
Bricks/Ctblk, Ptd &
colour painted
9" thick ricks/Ctblk, Ptd,
colour painted
9" thick ricks, Plastered,
colour painted
9" thick Bricks, Ptd,
colour painted
Floor
Cemented or similar Cemented/tiled partly
or similar
Cemented/tiled partly
or similar
Imported tiles (China,
India or lower graded)
ISO Certified No.1
Imported tile
ISO Certified No.1
Imported Tiles
Doors
Class III Timber or
similar
Class II Timber or similar Class II/I Timber or
similar + slats
Class II/I Timber + slats Class I Timber Class I timber Imported
materials
Windows
Glazed + Class II/III
Timber or
Class II/III Timber
Glazed + Class I/II
Timber + slats +
protective iron grills
Glazed + Class I/II
Timber + slats +
protective iron grills
Glazed + Class I/II
Timber + slats +
protective iron grills
Glazed + Class I Timber
+ slats + protective iron
grills
Glazed + Class I Timber
+ slats + protective iron
grills
Sanitaryware
Detached Latrine with
lower class fittings
Detached latrine or
semi detached BT with
middle class fittings
Semi detached or
attached BT with
middle class fittings
Euro Standards/Class II Euro Standards/Class I American Standards
Class I
Lightware Lower class standards Middle class standards Middle class standards Modern/Standards Modern/Standards Modern
Pantry Top
Nil Cemented or lower
graded tile
Lower graded tile Middle graded tile Higher graded tile Granite or above
Pantry cupboard
Nil Class II Timber or similar Class I/II Timber or
similar
Class I I Timber /
Imported materials
Class II Timber /
Imported materials
Class I Timber/Imported
materials
Others
Proposed rate per Sq.Ft.
to be adjusted
if the materials are
changed
Proposed rate per Sq.Ft.
to be adjusted
if the materials are
changed
Proposed rate per Sq.Ft.
to be adjusted
if the materials are
changed
Proposed rate per Sq.Ft.
to be adjusted
if the materials are
changed
Proposed rate per Sq.Ft.
to be adjusted
if the materials are
changed
Proposed rate per Sq.Ft.
to be adjusted
if the materials are
changed
 Rs.2,000.00 ± Rs.2,500.00 ± Rs.3,000.00 ±
Rs.3,000.00 -
Rs.3,600.00 ±
Rs.3,500.00 -
Rs.5,500.00 ±
Rs.4,500.00 -
Above
G E N E R A L S P E C I F I C A T I
O N S
www.nkshome.wapka.m
www.nkshome.wapka.m
Nishantha
Senadheera

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Proposal for Residential Building Rates 2016/17

  • 1. NEWEL EXPERIENCE FOR... REAL ESTATE PRACTICE www.nkshome.wapka.m
  • 2. OVERVIEW OF KEY ISSUES www.nkshome.wapka.m
  • 4. WHAT IS A BUILDING A building is living place surrounded by walls and covered by roofs to keep out rain, sun, wind etc… www.nkshome.wapka.m
  • 5. FAMILY OF BUILDINGS – USES  Residential Building  Educational Building  Commercial Building  Assembly Building  Industrial Building  Institutional Building  Storage Building  Infrastructure Building  Etc..  Houses, Apartments, Flats…  Schools, Universities …  Banks, shopping complexes, Boutiques …  Wedding Halls, Theaters, Churches …  Factories, Power Plants  Government Offices, Hospitals …  Warehouses, Godowns …  Treatment Plants, Sewerage Plants …  Etc.. www.nkshome.wapka.m
  • 7. AS PER CONSTRUCTION TYPE / MATERIALS  Solid  Traditional  Structural Steel Frame  Reinforced Concrete  Modular System  Portal Frame  Composite www.nkshome.wapka.m
  • 11. RESIDENTIAL BUILDING TYPES An Apartment (American English), Flat (British English) or Unit (Australian English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building, correctly, on a single level without a stair. www.nkshome.wapka.m
  • 17. SRI LANKAN PRACTICE – DESIGN / TYPE Design Type Obsolete Ordinary I Ordinary II Ordinary III Semi Modern Semi Luxury Modern Luxury Ultra Modern Super Luxury www.nkshome.wapka.m
  • 18. FACTORS TO BE CONSIDERED…  Internal Data  Quantities  Building Department  UDA Adopted  Real Estate Market www.nkshome.wapka.m
  • 23. BEHAVIOR OF REAL ESTATE MARKET Real Estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing.“ www.nkshome.wapka.m
  • 25. Rs.3,152.17 Rs.4,591.84 Rs.4,250.00 Rs.3,851.85 Rs.3,716.22 Rs.4,563.76 www.nkshome.wapka.m
  • 26. Rs.3,851.85 Rs.3,716.22 Rs.4,090.91 Rs.3,900.00 Rs.3,500.00 Rs.3,222.22 Rs.3,583.33 Rs.8,800.00 www.nkshome.wapka.m
  • 41. ANALYSIS – RESIDENTIAL BUILDING - LUXURY www.nkshome.wapka.m M Luxury E O Single Story 1 1350 5,200,000.00 3,851.85 6 4,500.00 Single Story 2 1480 5,500,000.00 3,716.22 6 D Single Story 3 1200 4,800,000.00 4,000.00 5 Single Story 4 5,500.00 E Two-Storied 1 3768 13,500,000.00 3,582.80 8 3,500.00 R Two-Storied 2 2022 7,500,000.00 3,709.20 8 Two-Storied 3 2786 10,200,000.00 3,661.16 7 N Two-Storied 4 1870 6,700,000.00 3,582.89 7 4,000.00 General Type of Residence Materials Floor Area Sq.Ft. Cost of building (Rs.) Rate P/Sq.Ft. (Rs.) Folio Proposed Range (Rs.)
  • 42. ANALYSIS – RESIDENTIAL BUILDING – SEMI-LUXURY S Semi Luxury D E Single Story 1 700 2,400,000.00 3,428.57 6 3,000.00 Single Story 2 750 2,600,000.00 3,466.67 6 M Single Story 3 800 2,900,000.00 3,625.00 6 Single Story 4 800 2,800,000.00 3,500.00 5 I Single Story 5 900 2,900,000.00 3,222.22 5 Single Story 6 1000 3,500,000.00 3,500.00 5 M Single Story 7 900 2,800,000.00 3,111.11 5 Single Story 8 920 2,900,000.00 3,152.17 5 3,600.00 O Two Storied 1 3,000.00 D Two Storied 2 3,500.00 General Type of Residence Materials Floor Area Sq.Ft. Cost of building (Rs.) Rate P/Sq.Ft. (Rs.) Folio Proposed Range (Rs.) www.nkshome.wapka.m
  • 43. ANALYSIS – RESIDENTIAL BUILDING – SUPER-LUXURY U Super Luxury F L Single Story 1 1490 6,800,000.00 4,563.76 6 4,500.00 Single Story 2 1100 4,500,000.00 4,090.91 5 T Single Story 3 980 4,500,000.00 4,591.84 5 Single Story 4 675 3,200,000.00 4,740.74 4 R Single Story 5 675 3,500,000.00 5,185.19 4 5,500.00 Single Story 6 900 4,000,000.00 4,444.44 4 A Single Story 7 900 4,700,000.00 5,222.22 4 Single Story 8 900 4,900,000.00 5,444.44 4 M Single Story 9 990 5,100,000.00 5,151.52 4Above O Two Storied 1 3220 14,400,000.00 4,472.05 8 4,500.00 D Two Storied 2 4125 18,500,000.00 4,484.85 7Above General Type of Residence Materials Floor Area Sq.Ft. Cost of building (Rs.) Rate P/Sq.Ft. (Rs.) Folio Proposed Range (Rs.) www.nkshome.wapka.m
  • 44. ANALYSIS – RESIDENTIAL BUILDING – OBSOLETE General Type of Residence Materials Floor Area Sq.Ft. Cost of building (Rs.) Rate P/Sq.Ft. (Rs.) Folio Proposed Range (Rs.) O Ordinary I A #DIV/0! 2,000.00 #DIV/0! B #DIV/0! #DIV/0! S #DIV/0! Ordinary II B #DIV/0! O #DIV/0! #DIV/0! L #DIV/0! #DIV/0! E Ordinary III C #DIV/0! #DIV/0! T #DIV/0! #DIV/0! E #DIV/0! 3,000.00 www.nkshome.wapka.m
  • 45. OBSOLETE / OEDINERY I - III SEMI-MODERN/S-LUXURY MODERN/LUXURY ULTRA-MODERN/Supr Lux Item A B C D E F Roof Asbestos sheets or similar on coconut rafters' or similar framework without valance boards, bargeboards or gutters Asbestos sheets or similar on coconut rafters' or similar framework without valance boards, bargeboards or gutters Standards tiles, Asbestos sheets, ZINC Alu. sheets on sawn timber framework + valance boards, bargeboards, PVC/Alu gutters, down pipes Standards tiles, Asbestos sheets, ZINC Alu sheets on class I sawn timber framework with valance boards, bargeboards, Alu gutters, down Pipes Standards tiles, Asbestos sheets, ZINC Alu sheets + sandwich layer on Luxury sawn timber framework with valance boards, bargeboards, Alu gutters, down Pipes Standards tiles, Asbestos sheets, ZINC Alu sheets + sandwich layer on Luxury sawn timber framework with valance boards, bargeboards, Alu gutters, down Pipes Ceiling Nil Asbestos sheets flat ceiling or similar but partly Asbestos sheets flat or Timber flat ceiling Under rafters' asbestos sheets partly and timber flat partly Under rafters' asbestos sheets fully or timber Under Rafters' Lunumidella Timber Imported Materials Walls Bricks/Ctblk, unplasterd Bricks/Ctblk, Ptd & colour painted Bricks/Ctblk, Ptd & colour painted 9" thick ricks/Ctblk, Ptd, colour painted 9" thick ricks, Plastered, colour painted 9" thick Bricks, Ptd, colour painted Floor Cemented or similar Cemented/tiled partly or similar Cemented/tiled partly or similar Imported tiles (China, India or lower graded) ISO Certified No.1 Imported tile ISO Certified No.1 Imported Tiles Doors Class III Timber or similar Class II Timber or similar Class II/I Timber or similar + slats Class II/I Timber + slats Class I Timber Class I timber Imported materials Windows Glazed + Class II/III Timber or Class II/III Timber Glazed + Class I/II Timber + slats + protective iron grills Glazed + Class I/II Timber + slats + protective iron grills Glazed + Class I/II Timber + slats + protective iron grills Glazed + Class I Timber + slats + protective iron grills Glazed + Class I Timber + slats + protective iron grills Sanitaryware Detached Latrine with lower class fittings Detached latrine or semi detached BT with middle class fittings Semi detached or attached BT with middle class fittings Euro Standards/Class II Euro Standards/Class I American Standards Class I Lightware Lower class standards Middle class standards Middle class standards Modern/Standards Modern/Standards Modern Pantry Top Nil Cemented or lower graded tile Lower graded tile Middle graded tile Higher graded tile Granite or above Pantry cupboard Nil Class II Timber or similar Class I/II Timber or similar Class I I Timber / Imported materials Class II Timber / Imported materials Class I Timber/Imported materials Others Proposed rate per Sq.Ft. to be adjusted if the materials are changed Proposed rate per Sq.Ft. to be adjusted if the materials are changed Proposed rate per Sq.Ft. to be adjusted if the materials are changed Proposed rate per Sq.Ft. to be adjusted if the materials are changed Proposed rate per Sq.Ft. to be adjusted if the materials are changed Proposed rate per Sq.Ft. to be adjusted if the materials are changed  Rs.2,000.00 ± Rs.2,500.00 ± Rs.3,000.00 ± Rs.3,000.00 - Rs.3,600.00 ± Rs.3,500.00 - Rs.5,500.00 ± Rs.4,500.00 - Above G E N E R A L S P E C I F I C A T I O N S