Realty firms may witness margin shrink from steel price surge

07 Jan 2021 CW Staff

The surge in prices of steel products that are used in the construction sector has impacted real estate companies adversely as the industry is not ready to pass the brunt of the additional cost to the buyers, and there may be a shrink of margin by 4-6%, said, realtors.

The price of TMT bars or construction steel recently reached Rs 45,000 per tonne in some markets, which is at least 30-40% higher than the pre-Covid rates.

Nandu Belani, Real Estate Industry Body Credai Bengal president, said that the surge in steel prices would reduce the margin by 4-6%, which is quite high for the industry.

Recovery has only been witnessed in the residential sector, while the industrial and commercial segment is still reeling under pressure, and the revved-up cost will lead to delays in the launch of new projects, as reported by officials.

Also Read: Steel prices hiked again

Image Source

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..