Prices of most raw materials spike in TN
Cement

Prices of most raw materials spike in TN

A dream home has become increasingly pricey in Tamil Nadu, as the cost of construction materials escalated significantly. As per projected estimates, there has been a 15% spike in the cost of various raw materials. The cost of most raw materials such as cement and steel saw a steep escalation, except for M-sand. This price escalation comes at a time when the real-estate sector was gradually gaining momentum after the impact of the pandemic.

The price of 53-grade cement bags of 50 kgs has increased by Rs 90. Whereas, steel rates have risen by Rs 22,000 per tonne over the past 18 months. Additionally, the cost of electric cables and plumbing cables like PVC pipes have increased by 12% and 14% respectively. 

Most real estate developers have revised the wages in construction labourers from Rs 100 to Rs 150 per day. These factors have increased the overall construction cost of building a house.

Additionally, the Treasurer of Builders Association of India, S Ramaprabhu mentioned that individuals have to shell out 15% more than the estimate due to the increase in raw materials. Moreover, the prices of steel have increased by Rs 13,000 per tonne from September to December. It is critical to have a regulatory authority to regulate the prices of cement and steels per TRA of India.

A hike in prices of construction material could make developers go slow on existing projects.

Also read:Sharp increase in steel prices to hit NHAI projects in TN

Image Source

A dream home has become increasingly pricey in Tamil Nadu, as the cost of construction materials escalated significantly. As per projected estimates, there has been a 15% spike in the cost of various raw materials. The cost of most raw materials such as cement and steel saw a steep escalation, except for M-sand. This price escalation comes at a time when the real-estate sector was gradually gaining momentum after the impact of the pandemic. The price of 53-grade cement bags of 50 kgs has increased by Rs 90. Whereas, steel rates have risen by Rs 22,000 per tonne over the past 18 months. Additionally, the cost of electric cables and plumbing cables like PVC pipes have increased by 12% and 14% respectively.  Most real estate developers have revised the wages in construction labourers from Rs 100 to Rs 150 per day. These factors have increased the overall construction cost of building a house. Additionally, the Treasurer of Builders Association of India, S Ramaprabhu mentioned that individuals have to shell out 15% more than the estimate due to the increase in raw materials. Moreover, the prices of steel have increased by Rs 13,000 per tonne from September to December. It is critical to have a regulatory authority to regulate the prices of cement and steels per TRA of India. A hike in prices of construction material could make developers go slow on existing projects. Also read:Sharp increase in steel prices to hit NHAI projects in TN Image Source

Next Story
Infrastructure Transport

HCC-TPL JV Secures Indore Metro’s Underground Package IN-05R

"Madhya Pradesh Metro Rail Corporation Ltd (MPMRCL) has announced Hindustan Construction Co. Ltd. – Tata Projects Ltd. (HCC – TPL Indore Metro JV) as the lowest bidder for Package IN-05R, the first and only underground section of Indore Metro Phase 1’s Yellow Line.Originally, MPMRCL invited bids for Package IN-05 in February 2024 but later cancelled the tender and reissued it as Package IN-05R, with an estimated cost of ₹2,550 crore and a four-year completion timeline. When technical bids were opened in November 2024, six firms had submitted their proposals. However, Afcons-Sam India J..

Next Story
Infrastructure Transport

TBM Kurinji Launched for Corridor 5 Expansion for Chennai Metro

Tata Projects Limited has launched the first Tunnel Boring Machine (TBM) for Corridor 5 of its Phase II expansion project. Named TBM Kurinji, the machine was deployed at the Kolathur Ramp on February 19, 2025, marking a significant milestone in Chennai’s metro development.Following the successful implementation of Phase I and its extension, CMRL has embarked on an ambitious Phase II expansion, covering 118.9 km across three new corridors, backed by international funding from JICA, ADB, AIIB, and NDB. Corridor 5, spanning 47 km, originates at Madhavaram Milk Colony and passes through key loca..

Next Story
Infrastructure Transport

Indore Metro's Underground Section to Enhance Urban Connectivity

The 8.626 km-long underground stretch of the Yellow Line will connect a ramp east of Indore Railway Station to a ramp west of Devi Ahilya Bai Holkar Airport, featuring twin tunnels and seven underground stations at key locations, including Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and the Airport. This underground corridor, the only such section in the 33.53 km Indore Metro Phase 1, is set to transform urban mobility. It will integrate with Package IN-04 on the east side, currently under construction by RVNL-URCC JV, and Package IN-03 on ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?