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

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..