The Taj Mahal complex is thought to have been finished in its entirety in 1653 at a cost estimated at the time to be roughly 32 million rupees, which would be around 70 billion rupees (approximately $956 million) in 2020. This makes it the most expensive single building in history and also one of the most costly projects ever undertaken.
The actual price today of constructing the Taj Mahal is difficult to estimate because no other buildings like it existed at the time. However, using contemporary estimates we can come up with an approximate price tag. The mausoleum takes about 22,000 man hours to build. Using the average wage rate for builders at the time, this comes out to be approximately 3,500 pounds ($5,300).
In 2016, Indian authorities announced that the current market value of the Taj Mahal is $1.5 billion, making it the most expensive monument in the world.
The original budget for the construction of the Taj Mahal was supposed to be just under £20,000 ($30,000), but due to problems with money and materials, it ended up being twice as much.
The Taj Mahal's revenue Taj Mahal generated 77 crores in income. In addition, the monument's overall yearly average revenue over the previous three years was about 61.4 crores, not Rs 22.3 crores. As a result, the official data contradicts the erroneous information being spread. The true figure is probably closer to $7 million than $20 million.
The Taj Mahal was built between 1632 and 1652 by the Mughal emperor Shah Jahan as a tomb for his wife, Mumtaz Mahal. It is the largest mausoleum in the world. When it was completed, she had no body left because all of her bones were kept in the tomb along with those of their son who died at age four. The construction project was so expensive that it nearly destroyed the empire.
The Taj Mahal has been listed as one of the New Seven Wonders of the World. It is now also on the UNESCO World Heritage List.
Work breakdown The Taj Mahal was built in multiple pieces, each of which was realized by a different person. As a result, you may calculate the cost element by element. Thus, 50 slices of labor were arranged. The total price is $ 1.5 million per meter squared for the marble alone. Add to this the cost of the stones, the wood, the iron, and other materials, and you get to $ 20 million or more.
The building site was far from any city center, and most of the materials had to be transported great distances. This makes the construction of such a magnificent monument very expensive.
Expenses During its lifetime, the Taj Mahal underwent many renovations. The builders incorporated their lessons learned to build better versions of themselves. For example, they used stronger stone for the foundation and added bathrooms with stone floors and toilets inside the mausoleum itself. All in all, the cost of maintaining such a beautiful monument is high as well.
Who built it? The Taj Mahal is a famous landmark in India. It is a memorial to the beloved prince who married the daughter of the powerful Mughal emperor Shah Jahan. The wedding took place in 1632. But even though it was meant to be a happy occasion, it was not that easy for the couple to marry.
In the previous year, the Taj Mahal received approximately 70 lakh visitors, not 7.5 lakh (2018-19). In addition, the Taj Mahal's tickets income for 2018-19 is roughly Rs. 77.9 crores. Even if the average of the previous three years' earnings is used (as in the post), it is still roughly 61.4 crores. This shows that the number of visitors is much higher than the estimated 7.5 lakh.
The actual figure may be much higher because the Taj Mahal does not report its annual revenue or attendance figures. However, there are other ways to estimate the number of visitors. One method is to calculate the Taj Mahal's occupancy rate which can be done by dividing the number of nights booked by the number of available rooms. The current occupancy rate of the Taj Mahal is about 99%. This means that around 100,000 people visit the monument each day.
The Taj Mahal attracts more than 50,000 tourists from across the world each year. It is estimated that the total number of tourists who have visited the monument in its lifetime is around 20 million.