While developers have alleged cartelisation by manufacturers, the real estate firms have been accused of inflating prices
Real estate developers and cement producers in the State are yet again sparring over the increase in cement prices. Real estate developers warn that it would lead to an increase in apartment prices, while the cement industry attributed it to an increase in their input cost.
The rise in cement prices has been a politically sensitive topic and both parties have been engaged in a war of words over the issue in recent years.
Source – https://www.thehindu.com/news/cities/chennai/builders-cement-makers-spar-over-price-hike/article34801669.ece