Builders, cement makers spar over price hike
The Hindu
While developers have alleged cartelisation by manufacturers, the real estate firms have been accused of inflating prices
Real estate developers and cement producers in the State are yet again sparring over the increase in cement prices. Real estate developers warn that it would lead to an increase in apartment prices, while the cement industry attributed it to an increase in their input cost. The rise in cement prices has been a politically sensitive topic and both parties have been engaged in a war of words over the issue in recent years. Developers have alleged cartelisation by the cement industry, a charge which has been denied by the other side. In turn, the cement manufacturers alleged that the developers should bring down their inflated apartment prices first. Builders claim the retail cement prices have increased by 13% from ₹460 in May to up to ₹520 per 50 kg bag in June.
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