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The price of a home elevator is extremely important. Like all costs, there are variations for geographic location as well as current trends in the economic market that generally drives the cost. The installed cost of home lifts in India range from 5 lacs to 60 lacs rupees, depending on the brand, location, and the type of lifts. I will explain a few considerations which can affect the cost of an elevator. A breakup on residential lifts for home as below
The total number of stops determine how many doors and other accessories will require in a lift. A typical price rise can be from 1 lac to 5 lacs rupees per floor. All lift companies automatically factor 3 meter travel height per floor, anything more than that they have extra costs.
Over the years, many different types of elevator technologies have entered the Indian market. Some of the famous ones are Traction, hydraulic & screw drive.
Let us have an overview of these different type of technologies
For a traction lift, you would need a pit anywhere from 100 mm to 300 MM with an overhead machine room. Traction lift use counterweights on the side of the lift to move up and down. You must have seen an additional room at the top of a building where a traction elevator is installed, that special room is the machine room. Depending on the height of the building you can buy slower or faster speed lifts. The faster you go, the expensive it gets.
Putting a traction lift in a villa or a home is not a very smart thing to do, because in a private home scenario having a pit and a dedicated machine room is just waste of space. Think about it this way, the land in your area costs Rs 35,000/- per Sq ft. and your traction lift took 25 to 30 Sq ft per floor to install. Other technologies use 30% to 50% less space.
Hydraulic systems have been around for a long time, hydraulic was invented way back in 1800’s. Unlike traction elevators Hydraulic lifts do not need a dedicated machine room. In simplest terms, Hydraulic elevators have an oil filled tank, the oil pushes through a piston for the elevator to go up and releases the oil for the elevator to come down.
They are space saving compared to a traction lift; you can save upto 30% area. The hydraulic lift can only go up to a certain height, different companies have different restrictions based on their hydraulic kits. A lot of hydraulic kits are made in India and some are imported. There are a lot of Italian and German brands selling them in India via many distributors & dealers.
Screw drive technology has been around for almost 100 years, but very recently started selling in India. Hence people think it is something new but it’s not. Most Swedish companies specialize in this technology. In simple terms, this technology has a nut spinning on a screw which takes the platform of the lift up and down. Its very simple technology, no rocket science. It saves around 50% to 60% space than traction lift. It does not require very frequent maintenance in comparison with other technologies.
Let me give you some price references, some people may argue about this or think differently. The prices keep changing every year, but this is just to give you a general idea.
So here is a breakdown of prices of different types of elevators in the Indian market.
Lift Price based on a 3 stops lift (G+2) in Indian rupees without GST
Now when you are installing a lift in a high-rise building or a society the builders really do not care how the lift looks, their idea is to get the cheapest one.
But when you are installing a lift in your private home you want it to look good, when your friends and family come over for a party, they should get the wow factor. Nowadays lifts come with a lot of design options, you can choose from standard to premium colors, the aesthetics inside the lift, glass panels, flooring, colors of the light, etc., honestly there is no end to it. Your price could go up to 50 lacs once you start adding on the aesthetics. Like they say, personal taste has no price tag.
Now safety protocols for a lift in a high-rise building or a commercial building and a lift installed in a private home is different. In India that is the very reason why we have a liftman in every elevator, so people don’t play around in the lift and it operates properly. But at home there won’t be a lift man to operate, so safety functions which you should look out for in home lifts should be:
Questions to ask yourself before deciding on which technology I should choose?
Now lifts made in China & India will costs lower because of the labor costs are lower in manufacturing. European lift costs more because workers have a higher wage there, also it is be imported so sometimes the pricings include customs clearance, installations, transportation, and additional miscellaneous costs.
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Written By Cibes Team