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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..