According to a survey conducted by Credai, almost 40 percent developers have said that they won’t be able to sustain and deliver projects if no immediate measures are taken to provide relief
Real estate prices have increased 5-8 percent due to a rise in the cost of construction, and rates are expected to rise further by 5-7 per cent, taking the total increase to 10-15 percent across India, Credai National President Harsh Vardhan Patodia said on April 19. Nearly 40 percent of real estate developers feel that they will not be able to deliver their projects if the government did not take immediate steps to provide relief to them from a sharp hike in prices of construction raw materials like steel and cement, according to a survey conducted by Credai, realtors’ apex body, titled National Price Rise Impact Study 2022.
Source: Money Control News
