09-04-2024 05:16 PM | Source: Colliers India
comment on the Cement Price Hike for your kind perusal by Jatin Shah, CTO, Project Management & MD, Technical Advisory Services, Colliers India
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Below the comment on the Cement Price Hike for your kind perusal by Jatin Shah, CTO, Project Management & MD, Technical Advisory Services, Colliers India
The price hike will affect retail consumers, large-scale construction projects and infrastructure projects. The factors contributing to the recent price hike include the rising costs of raw materials, power, transportation, and the increased demand for cement. Builders may need to reassess their budgets as every 10/- increase in cement price has an impact of 4/- ~ 5/- on construction cost. As such, they need to build in this as a factor into their project estimates or sale price.
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