IndustryLatest Stories

Raw Material Shortage Halts Projects in Dakshina Kannada

Representative image created by AI MANGALURU: A significant shortage of sand and laterite stones in Dakshina Kannada is causing delays in numerous real estate projects, jeopardizing thousands of jobs. Developers report dwindling supplies, with some halting plastering work altogether. The real estate sector, which relies heavily on skilled and unskilled labor, is feeling the pinch. Naveen Cardoza, MD of Marian Projects Private Limited, indicated that his two ongoing projects have been hampered by the shortage. “It’s been 45 days without any supplies. It’s impossible to continue work without raw materials. If the situation deteriorates, all builders will face project stoppages,”…