As demand for cement is likely to pick up after the monsoon, prices are expected to go up during the fiscal as there are more infrastructure projects coming up in the country. Despite an excess capacity of 99 million tonne cement in the industry, it is expected prices of the key building material will rule high with demand at 249 mt and installed capacity much higher at 348 mt.
In Kerala, the total estimated road damage caused due to the monsoon has been estimated at Rs 300 crore, said PWD Minister VK Ebrahim Kunju in Kochi on July 13. The state received hundred per cent rainfall this monsoon, which has resulted in the bad condition of the roads. Maintenance of the roads will take place once the rain subsides.
The Real Estate Regulatory Bill, to be tabled in Parliament in the monsoon session, is expected to have some solutions for the worries of home buyers. So, does the Bill offer a smoother process of buying your dream home? Does it have a better grievance redressal mechanism? According to credit rating agency CRISIL, the Bill will improve buyers' confidence and boost demand for residential real estate.
The early arrival of monsoon in India has hit share markets of the country's cement makers-Ambuja Cements, ACC and UltraTech Cement. The rains is seen likely to hurt construction activity in the coming months. Ambuja Cements fall by 2.04 per cent, while ACC drops 1.85 per cent and UltraTech is down by 1.31 per cent.