IndustryLatest Stories

Chennai Developers Warn of Rising Home Prices Due to Material Costs

A ₹1 crore house may soon see a price hike of about 10% due to a more than 23% rise in construction material costs. Industry experts point to escalating prices of gelatin and diesel, linked to the West Asian conflict, and a supply shortage caused by the shutdown of unauthorized quarries. They caution that these increased material costs are likely to be passed on to homebuyers. Recent price adjustments indicate significant rises in various construction inputs such as ready mix concrete (RMC), M-sand, P-sand, aggregates, and materials for road construction. For instance, the price of RMC has surged by ₹300…

InfrastructureLatest Stories

Sand Shortage Halts Nagpur Metro Construction Across All Areas

File Photo NAGPUR: The construction of Nagpur Metro’s Phase II is facing a new challenge due to a critical shortage of naturally available sand. This has resulted in MahaMetro needing to partially suspend work across all four stretches, thereby slowing down overall progress. According to top MahaMetro sources, the supply of riverbed sand for ongoing projects is nearly depleted, with the remaining stock likely to last only a few days. “Sand supply has been erratic, and we have had to halt certain work portions mid-way due to this shortage,” stated a senior official from MahaMetro. Officials noted that the impact…