CREDAI worries over rising construction cost | Andhra Pradesh | Surfaces Reporter

CREDAI worries over rising construction cost

Worried over the rising construction cost in Andhra Pradesh, the Confederation of Real Estate Developers Association of India (CREDAI) has appealed to the state government to initiate efforts to bring the prices down. According to the report by SURFACES REPORTER (SR), the appeal has come in the wake of the construction cost which has risen by Rs 350-500 per sq ft in a short span of time.

CREDAI has commented that the abnormal rise in the prices of sand, cement, iron and others has led to the ultimate rise in the property prices rendering them unaffordable to the people particularly the middle income group. 

Read more: Despite rising construction costs, India to become a hotspot for investment says- JLL

"The price of steel has reached to Rs 65,000 a tonne from Rs 50,000 in the past few months. The cement price also reached to Rs 350 a 50-kg bag and availability of sand has become very difficult all over the state. As a result, the construction cost per square feet has risen by Rs 350-500 in the short time," K S Chandra Bose, General Secretary, CREDAI Andhra Pradesh chapter, said.

Read more:2021 Construction and Building Material Industry Trends in India

The entire burden is to be borne by the consumers and the middle class people were not in a position to purchase flats in towns and cities, he said and requested the government to bring down the price of steel and cement and make sand available in adequate quantities.

Keep reading SURFACES REPORTER for more such articles and stories.

Join us in SOCIAL MEDIA to stay updated

SR FACEBOOK | SR LINKEDIN | SR INSTAGRAM | SR YOUTUBE| SR TWITTER

Further, Subscribe to our magazine Sign Up for the FREE Surfaces Reporter Magazine Newsletter

You may also like to read about:

Veteran Architect BV Doshi conferred US highest Artistic Merit

DDA Landscape projects to be a part of London Biennale 2021

Disposable Face masks to be used to create roads

& more...

×
×

Post Your Comment


"Content that powers your Business. News that keeps you informed."

Surfaces Reporter is one of India's leading media in Print & Digital Telecast for News on Interiors & Architecture Projects, Products, Building Materials, and the Business of Design! Since 2011, it serves as a referral for designers & architects to know about inspiring projects and source new products. If you have a Product or Project worth publishing in Surfaces Reporter, please email us hello@surfacesreporter.com or you can also submit your project online.

Like Surfaces Reporter on Facebook | Follow us on Twitter and Instagram | Subscribe to our magazine | Sign Up for the FREE Surfaces Reporter Magazine Newsletter

Navrattan Group Pioneers Green Cement Revolution with Rs 500 Crore Investment

Indias Construction Sector to Get a Sustainable Boost with Clinkerless Cement Production reports Surfaces Reporter (SR)

Read more

Indian scientists introduce a sand replacement material in construction

Indian Institute of Science researchers in Bengaluru have developed a new material to replace scarce natural sand in construction.

Read more

Crisil Forecasts Robust Demand for Cement, Anticipates Industry Capacity Surge

Crisil points out the upcoming surge in cement demand in India. The research firm indicates a significant boost in manufacturing capacity, anticipating an addition of 150-160 million tonnes per annum in the cement industry over the next five fiscal years.

Read more

South India Real Estate Surges: K-RERA Impact, CREDAI Policies and Puravankara shape positive outlook

The surge is empowered by new buyers, transparent markets, and commercial space demand reports Surfaces Reporter (SR)

Read more


This is alt