Constructing a villa, a bungalow, or another sort of independent or individual house for your family needs you to have a proper construction plan in place in addition to a proper financial budget. A new house (including the land) could cost anywhere in the range of INR 40 lakh – INR 2 crore, depending on the size of the plot, the span of construction, and whether you have purchased the land first-hand or in one of the subsequent re-sales.