Hike in Construction cost

Q: The construction cost has gone up and this is definitely going to affect those people building homes.

Tej Sharma, Bangalore

8th July 2015

Real estate News in Bangalore

rise in construction

hike in prices of cement and sand

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Replies (3)

You are absolutely right Tej... Hike in construction rate will highly affect the price in home building.

MadhavJha, Mumbai

9th July 2015

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It is gonna affect the price in home building as well as home buyers who were planning to buy their dream house in next few years.

Gurmeet,

16th July 2015

Moreover I heard that due to unavailability of river sand for structural work and the delay in getting RMC has held up the construction work for several projects, which is leading to penalization from 0.5% to 5% of the contract value, which is huge for contractors.

Bhaskaran, Bangalore

8th July 2015

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Over the past six months, the overall construction cost has gone up by 20% in the city. Mainly multi storeyed building will be affected as they have already seen 12-15% rise due to to escalation in material costs, industry sources estimate. :( :(

Arunabha Gupta, Bangalore

8th July 2015

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