A JLL report on how the cost of construction has increased quarterly in 2021. It is no brainer that it directly impacts on real estate on how the price their products or change the pricing of running projects—commercial real estate and the housing projects.
The cement price has increased by 38% since Q1 2020 which has resulted in other construction raw materials like concrete and cement blocks.
Source: A JLL India report
In November 2021, The Confederation of Real Estate Developers’ Association of India (CREDAI) had expressed concern over the increasing prices of construction and its impact on the infrastructure and real estate.
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