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

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

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

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

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?