Cost of construction in India likely to go up by 6% in 2024: Report Housing.com
The overall construction cost in the country will experience an average increase of 6% across various sectors in 2024, according to JLL’s latest Construction Cost Guide released recently. Among the cities, Mumbai continues to be the most expensive city with costs higher while Chennai offers a more cost-effective option. The higher costs in Mumbai can be attributed to the increased prices of essential construction materials like cement, reinforcement steel, structural steel and stones. The guidebook provides valuable insights into market trends and construction costs of real estate assets in major Indian markets. It includes a cost matrix that represents different styles and quality levels, along with an analysis of market trends for major building materials
