Cement price escalation to impact real estate projects: NHAI
Real Estate

Cement price escalation to impact real estate projects: NHAI

The National Highways Authority of India (NHAI) told the media that the increase in the price of raw materials such as cement and steel would not impact road construction as much as real estate projects.

An increase in prices of raw materials such as steel and cement could cast a shade on the construction cost of highways as well as real estate projects.

According to NHAI, in the case of roads, a majority are being made on bitumen, so the impact will not be as much.

Therefore, there won’t be an impact on costs but as far as bridges are concerned, there will be a huge impact because they are built on cement and steel, said NHAI.

The Covid-19 pandemic-led lockdown is impacting the demand for cement across the country. Industry insiders say demand has slowed down by 20-30% in May, as compared to March.

To access latest cement prices click here

Cement is required primarily in housing construction, infrastructure projects, industrial construction and commercial real estate, sectors that are facing a slowdown due to Covid-19.

Cement players expect demand from large government projects. The government has ambitious plans in the infrastructure space like the Bharatmala project and the Mumbai-Nagpur Express Highway.

It has also announced metro projects in several cities, and the demand for cement will come from housing for all projects.

Image Source


Also read: Cement prices to be hiked, as demand improves

Also read: Cement demand expected to rise by up to 20% in fiscal 2022: ICRA

The National Highways Authority of India (NHAI) told the media that the increase in the price of raw materials such as cement and steel would not impact road construction as much as real estate projects. An increase in prices of raw materials such as steel and cement could cast a shade on the construction cost of highways as well as real estate projects. According to NHAI, in the case of roads, a majority are being made on bitumen, so the impact will not be as much. Therefore, there won’t be an impact on costs but as far as bridges are concerned, there will be a huge impact because they are built on cement and steel, said NHAI. The Covid-19 pandemic-led lockdown is impacting the demand for cement across the country. Industry insiders say demand has slowed down by 20-30% in May, as compared to March. To access latest cement prices click here Cement is required primarily in housing construction, infrastructure projects, industrial construction and commercial real estate, sectors that are facing a slowdown due to Covid-19. Cement players expect demand from large government projects. The government has ambitious plans in the infrastructure space like the Bharatmala project and the Mumbai-Nagpur Express Highway. It has also announced metro projects in several cities, and the demand for cement will come from housing for all projects. Image Source Also read: Cement prices to be hiked, as demand improves Also read: Cement demand expected to rise by up to 20% in fiscal 2022: ICRA

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?