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Real Estate Forum on Construction Cost

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Q: What is the reason and will the rates come down or not?

Latest Answer: As per the new norms, environmental clearance is required even for mining in less than five hectares of land. But brick kiln owners want to be exempted from obtaining permission from the ministry of environment for earth excavation work. The ministry of environment and forests has been requested for simplification of norms for brick kilns. And it is likely that the authorities may decide that clearance will be required for realty projects having greater than 50 hectares and for projects less than 50 hectares, the SEIAA shall be empowered to give clearances.
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Q: With the rise in the service tax the cost of construction has been increased. What is happening due to the rise in the construction cost?

Latest Answer: Hi all, there was a protest held by construction workers in Vijayawada, A.P against the rising costs. To read more about this issue click The real estate sector is protesting in Vijayawada.
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