In TN, real estate industry, cement makers spar over price hike yet again
The Hindu
Developers have alleged cartelisation by the cement industry; the cement industry says input costs have gone up
Real estate developers and cement producers in the State are yet again sparring over the increase in cement prices. Real estate players have warned that this would lead to an increase in apartment prices, while the cement industry attributes the hike to to an increase in their input cost. The rise in cement prices has been a politically-sensitive topic, and both parties have been engaged in a war of words over the issue in recent years. Developers have alleged cartelisation by the cement industry, a charge which has been denied by the other side. In turn the cement players have alleged that the developers should bring down their inflated apartment prices first.
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