Hike in timber prices may impact real estate industry

13 Jul 2021 CW Team

Timber prices in the international market have increased, which will impact the real estate industry, where processed wood is used as a building material.

Timber prices have increased owing to the increased demand in China and the USA, as well as the hike in freight charges.

Domestic timber producers have now decided to pass on the price rise to the consumers, which will shift furniture and packaging material prices up by almost 20% to 25%. According to the industry professionals, the cost of raw materials including teakwood, hardwood, and pinewood increased in the international market, making timber products costly.

Gandhidham and Kandla are the biggest timber producers in the country. Approximately 70% of timber imported by India comes by Deendayal Port in Kandla and Mundra. The industry employs one lakh people, of which 70% are migrant labourers.

Hikes in timber prices will also influence the real estate industry, where process wood is used as a building material.

President of the Kandla timber association, Navneet Gujjar, told the media that the industry was recovering from the Covid effect, the new hike in prices will impact demand in the market.

Hardwood is used in making furniture, and teak in making doors and windows, and pine in packaging material. The plywood and timber processed are used in the real estate industry, particleboard, toys, furniture, veneer, and other sectors.

The industry annually imports 40 lakh cubic meters of timber, costing almost Rs 7,000 crore.

According to industrial sources, the recovery of economic activity accelerated the demand for timber in China, Europe, and the USA increasing prices of raw materials. Freight charges all over the world increased by 20% to 25%, which got accented by a shortage of containers.

Image Source

Also read: Century Plyboards aims Rs 650 cr capex

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..