Soaring cement prices to hit projects

The sudden hike in cement prices, which accounts for nearly 10 per cent in total cost of construction, is hitting the ongoing work of affordable housing and infrastructure projects and has been raising concern over delay in new projects and slowing down pace of existing ones. As per reports, price of cement has touched Rs 325-Rs 330 per bag as against Rs 260 per bag in Indore in two months; while in Amaravati, the prices has reached to Rs 330 per 50 kg bag. There is a variation of Rs 20 per bag for premium and non-premium brands of cement.