+
CREDAI to increase flats prices by 10-15% from April 1 in Rajasthan
Real Estate

CREDAI to increase flats prices by 10-15% from April 1 in Rajasthan

The Confederation of Real Estate Developers' Association of India (CREDAI) announced that the prices for apartments and villas in Rajasthan would increase by 10-15% from April 1, owing to the increased raw materials cost.

The new rates will be effective from April 1. CREDAI-Rajasthan, President, Dhirendra Madan told the media that since there is a steep jump in the prices of key raw materials, unit prices are to be increased by around 10-15% from April. It is better for the residents planning to buy a house in March to save the additional cost.

Because of the pandemic, the real estate sector is struggling with multiple problems. A rise in the prices of key raw materials has not only added to the woes of developers but also impacted the sector. The profit margins have dropped because of the increase in cost.

Another CREDAI member told the media that the developers have no option other than to increase the cost.

Developers told the media that there was a record hike in the prices of cement, PVC pipes, steel, copper, and other construction materials. Furthermore, aluminum prices have been recorded highest while the consistent high fuel prices have led to the rise in the project prices.

The developers requested the state government as well as the Centre to bring a policy for the maintenance of the prices for the houses provided to all the sectors.

Image Source

Also read: Steel, cement costs jumps up by 35% over last two months

The Confederation of Real Estate Developers' Association of India (CREDAI) announced that the prices for apartments and villas in Rajasthan would increase by 10-15% from April 1, owing to the increased raw materials cost. The new rates will be effective from April 1. CREDAI-Rajasthan, President, Dhirendra Madan told the media that since there is a steep jump in the prices of key raw materials, unit prices are to be increased by around 10-15% from April. It is better for the residents planning to buy a house in March to save the additional cost. Because of the pandemic, the real estate sector is struggling with multiple problems. A rise in the prices of key raw materials has not only added to the woes of developers but also impacted the sector. The profit margins have dropped because of the increase in cost. Another CREDAI member told the media that the developers have no option other than to increase the cost. Developers told the media that there was a record hike in the prices of cement, PVC pipes, steel, copper, and other construction materials. Furthermore, aluminum prices have been recorded highest while the consistent high fuel prices have led to the rise in the project prices. The developers requested the state government as well as the Centre to bring a policy for the maintenance of the prices for the houses provided to all the sectors. Image Source Also read: Steel, cement costs jumps up by 35% over last two months

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code