Price hike of raw materials hits construction sector again
The Hindu
Housing projects likely to come to a standstill in Kozhikode district
The pandemic-induced spike in prices of essential construction materials and the shortage of stock with wholesale traders have emerged as a challenge for many small and large-scale construction projects in Kozhikode district. Many housing projects, which were resumed after the first wave of the pandemic, are likely to come to a standstill again owing to the new crisis. Contractors of small-scale housing projects pointed out that the price hike had come at a time when many projects were already pending because of the shortage of labourers. Functionaries of the Confederation of Construction Industry (CCI) said the price of cement manufactured by a leading company had already increased from ₹390 to ₹460 in the State. Same is the case with steel products with a straight increase of ₹15 a kg, they added.
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