Hike in Cement price cause more down to realty
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With all around rise at the market now the final blow to the realty comes in the form of hike in cement price as it has been increased up to 10 percent reported the source at the www.propertykhazana.com. However the price of the steel has been reduced over last couple of months, but cement industry denies any reduction for their current price and hence margin goes more down for the realty players for already doomed realty.
Some of the areas of construction has also witnessed a hike of around 30 percent in cement and in turn propagates the cost of the projects at the end. “At many cases some realty groups has also sought govt. intervention for the current hike in cement rate which has created a more dark canvas for realty sell in the country” as stated by head of Simplex infrastructure of Kolkata at www.propertykhazana.com. Further commenting on the issue MD of Binani cement denied the hike of 30 percent at any locality. MD adds that “during the last couple of months the demand has rose up to 5 percent from the realty house and around 9 percent from the infrastructure groups”.
On the other hand CMA and MD of Shree cement stated at the www.propertykhazana.com that “as the demand has gone up it also increased the production at various plants but it is not hiked as per the claims of some realtors”. Cement is the main ingredient of realty and it occupies around 7 to 8 percent of cost of any projects which has been rose to approximately Rs 245 from its earlier tag of Rs 237 with varied locations as added by Shree head. For more updates visit www.propertykhazana.com.
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