Real Estate: Central Govt assures cheap supply of steel & cement

25 May 2022 CW Team

Property developers in India, which employ both skilled and unskilled labour, are likely to benefit from the Central Government's decision to assure a cheaper supply of steel and cement, the two most important building materials.

To control inflation, Nirmala Sitharaman, Finance Minister, announced many steps, including a substantial drop in central excise duty on petrol of Rs 8 per litre and diesel of Rs 6 per litre.

Along with lowering customs duties on some steel raw materials, the government has announced that steps are being conducted to increase cement availability and reduce cement costs through better logistics.

Harsh Vardhan Patodia, CREDAI, the apex industry association, told the media that the government's momentous decision to lower import tariffs on steel goods should bring relief to all stakeholders.

He said that the reduction in import duties on iron ore and steel intermediates would increase local raw material availability, lower steel product costs, and help tide over project price increases, boosting consumer sentiment.

Sandeep Runwal, National Real Estate Development Council (NAREDCO) Maharashtra President, said that the steel and cement costs would very certainly decrease as a result of this. Fuel and cement price reductions would have a beneficial overall impact on the real estate sector, helping to keep costs in check.

To combat rising input costs, numerous developers have raised residential property prices by 6-8% in recent months in key cities throughout the country, including Mumbai, Delhi-NCR, Bangalore, Pune, and Hyderabad.

In addition to raising pricing, developers were considering halting development.

Image Source

Also read: Govt waives customs duty on imports of certain raw materials

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..