New Delhi, May 11, 2020 : During the past few weeks, despite the stoppage of all construction activities as per the nationwide lockdown norms due to COVID-19, there has been a sudden, steep increase in prices of essential raw materials such as cement and steel by 40% – 50%. This indicates cartelisation and monopolistic trade practices of the cement and steel manufacturers. Given developers’ wafer-thin margins, it will lead to an inevitable increase in the construction and overall project costs, hurting homebuyers. Accordingly, CREDAI has sought immediate Government intervention in addressing the abrupt anomaly in cement and steel pricing.
Corporate Comm India (CCI Newswire)
New Delhi, May 01, 2024: As part of its 8th-anniversary celebrations, DLF Mall of India…
New Delhi, April 29, 2024: The anticipation of the Noida International Airport's opening, likely by…
New Delhi, April 22, 2024: Accacia, a decarbonisation platform focusing on the Real Estate and Infrastructure…
New Delhi, April 15, 2024: BOP Group, the leading real estate consultancy firm in the Delhi-NCR…
Project offers panoramic views of the Arabian Sea & Bandra-Worli Sea link Mumbai, April 13,…
Delhi, April 03, 2024: Arthshila, an initiative of the Takshila Education Society, launched an exclusive…