2 crore and if you can convert your three bedroom flat – which is currently valued at Rs 1.5 crore – to a four bedroom accommodation by paying around Rs 4 lakh for the extension, you are bound to see it as a good investment,” says Rastogi.
For such an extension project to be successful, the first requirement is a consensus among the residents of the housing society that they would bear the cost, time and other aspects in an amicable manner.
The second issue is the ability to convince the government agencies, in this case the DDA and DUAC, and get the files cleared.
Third, and the most important aspect is that of structural safety. A government rule passed last year says that only ‘self supportive’ structural plans would be approved.