‘Hyderabad accounts for 14 per cent of aggregate national office stock’

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The Confederation of Real Estate Developers' Association of India (Credai) has written to Housing and Urban Affairs minister Hardeep Puri and Commerce

The association has written a letter to Minister of Housing and Urban Affairs Hardeep Singh Puri seeking his intervention in the matter

Realtors' apex body Credai on Saturday said cement and steel rates have increased by 40-50 per cent in last few weeks despite the lockdown and alleged price cartelisation and unfair trade practices by the manufacturers.

Realtors' apex body Credai on Saturday said cement and steel rates have increased by 40-50 per cent in last few weeks despite the lockdown and alleged price cartelisation and unfair trade practices by the manufacturers. The association has written a letter to Minister of Housing and Urban Affairs Hardeep Singh Puri seeking his intervention in the matter. "We would like to bring your attention to the cartelization by the cement and the steel manufacturers by imposing a sudden increase in their selling price," Credai said in the letter. Across various states, there has been an increase of Rs 100-250 per bag cement and about Rs 2,000-2,500 per tonne of steel, it added. During the past few weeks, there has been a sudden, steep increase in prices of essential raw materials such as cement and steel by 40-50 per cent despite the nationwide lockdown. The Centre has allowed construction work on sites where labourers are already available. Given the current crisis faced by the real estate ...

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