Over the last one-year, average cost of construction is estimated to have risen up to 11%, mainly due to a significant surge in labour costs coupled with a moderate price increase in construction materials like sand, brick, glass, wood etc. Notably, the cumulative effect of rise in the prices of four key construction materials including cement, steel, copper and aluminum have been relatively low. In fact, average cement prices have seen a steep decline of 15%, while average steel prices have ...
Cost of construction rises up to 11% annually in 2024 across real estate segments
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/- in...
comment on the Cement Price Hike for your kind perusal by Jatin Shah, CTO, Project Management & MD, Technical Advisory Services, Colliers India
