Real Estate in India: How cement price hike will impact property prices? EXPLAINED | ET NOW EXCLUSIVE
Several cement companies are set to raise the prices by an average of Rs 10-15 per bag. According to reports, the prices of 50 kg bags in North India will be hiked by Rs 10-15 while the prices in the Western region, are likely to be increased by Rs 20 per bag. The central and eastern regions are likely to experience a hike of Rs 30-40 per bag. The surge in cement prices has sparked widespread concerns within the real estate sector. It has posed a significant challenge for future market dynamics, affecting both the cost structure for developers and the pricing landscape for consumers.
