Major property developers in the country have increased residential prices by 8-10 per cent due to rise in input prices, such as cement, steel and so on. For instance, Mumbai-based Sunteck Realty has increased prices across its projects by an average 8-10 per cent over the past few months, said its Chairman and Managing Director (MD) Kamal Khetan. “Higher input costs of materials like cement and steel have led to a marginal increase in price,” said Khetan.
Cement and steel prices have risen by 50 per cent in the past six months, said realtors. Khetan said its buyers … Read the full story here