Housing costs increase by 10-15% in Andhra Pradesh
Real Estate

Housing costs increase by 10-15% in Andhra Pradesh

Individual housing and flats have turned costlier by 10-15% in parts of Andhra Pradesh as the developers have imposed a price hike due to the high costs of construction raw materials.

Building materials like steel, cement, plastic and labour charges are witnessing a steep rise, with the builders and customers facing the challenge.

The Indian real estate sector was hit by the Covid-19 pandemic. The steep rise in prices of raw materials has compounded the woes of developers. The price rise has led to homes getting costlier in Vizag and Vijayawada.

The Confederation of Real Estate Developers Associations of India (CREDAI), National Real Estate Development Council (NAREDCO), and Builder Association of India (BAI), in parts of the state, protested against the abnormal price hike of construction materials.

President of CREDAI-Andhra Pradesh, B Raja Srinivas, told the media that the basic prices of cement, steel, electrical, painting, plumbing, sanitary and 250 other materials had increased abnormally. The prices of petrol and diesel have also increased, which is the main reason for the price rise of all other materials.

He said that the prices of some of the construction materials have increased by at least 40-50%, which increased the construction costs. The buyers are facing challenges due to the price hike.

Srinivas said that the cement and steel producers increased their prices, highlighting the various reasons such as losses due to the Covid-19 pandemic. The cost of one tonne of steel was Rs 35,000 months ago, which is 70,000 now. Similarly, the price of a cement bag increased from Rs 300 to Rs 400, while the prices of sanitary, electrical and other required items increased by over 50% in the last few months.

Image Source

Also read: Rising construction costs increase home buying costs: CREDAI

Individual housing and flats have turned costlier by 10-15% in parts of Andhra Pradesh as the developers have imposed a price hike due to the high costs of construction raw materials. Building materials like steel, cement, plastic and labour charges are witnessing a steep rise, with the builders and customers facing the challenge. The Indian real estate sector was hit by the Covid-19 pandemic. The steep rise in prices of raw materials has compounded the woes of developers. The price rise has led to homes getting costlier in Vizag and Vijayawada. The Confederation of Real Estate Developers Associations of India (CREDAI), National Real Estate Development Council (NAREDCO), and Builder Association of India (BAI), in parts of the state, protested against the abnormal price hike of construction materials. President of CREDAI-Andhra Pradesh, B Raja Srinivas, told the media that the basic prices of cement, steel, electrical, painting, plumbing, sanitary and 250 other materials had increased abnormally. The prices of petrol and diesel have also increased, which is the main reason for the price rise of all other materials. He said that the prices of some of the construction materials have increased by at least 40-50%, which increased the construction costs. The buyers are facing challenges due to the price hike. Srinivas said that the cement and steel producers increased their prices, highlighting the various reasons such as losses due to the Covid-19 pandemic. The cost of one tonne of steel was Rs 35,000 months ago, which is 70,000 now. Similarly, the price of a cement bag increased from Rs 300 to Rs 400, while the prices of sanitary, electrical and other required items increased by over 50% in the last few months. Image Source Also read: Rising construction costs increase home buying costs: CREDAI

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?