Prices of most raw materials spike in TN

17 Dec 2020 Editorial Team

A dream home has become increasingly pricey in Tamil Nadu, as the cost of construction materials escalated significantly. As per projected estimates, there has been a 15% spike in the cost of various raw materials. The cost of most raw materials such as cement and steel saw a steep escalation, except for M-sand. This price escalation comes at a time when the real-estate sector was gradually gaining momentum after the impact of the pandemic.

The price of 53-grade cement bags of 50 kgs has increased by Rs 90. Whereas, steel rates have risen by Rs 22,000 per tonne over the past 18 months. Additionally, the cost of electric cables and plumbing cables like PVC pipes have increased by 12% and 14% respectively.

Most real estate developers have revised the wages in construction labourers from Rs 100 to Rs 150 per day. These factors have increased the overall construction cost of building a house.

Additionally, the Treasurer of Builders Association of India, S Ramaprabhu mentioned that individuals have to shell out 15% more than the estimate due to the increase in raw materials. Moreover, the prices of steel have increased by Rs 13,000 per tonne from September to December. It is critical to have a regulatory authority to regulate the prices of cement and steels per TRA of India.

A hike in prices of construction material could make developers go slow on existing projects.

Also read:Sharp increase in steel prices to hit NHAI projects in TN

Image Source

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..