Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Building a home is getting costlier as the West Asia crisis disrupts supply chains and pushes up the prices of key construction and interior materials. In Madhya Pradesh, builders and traders say overall house construction and finishing costs have risen by more than 12% in recent weeks, with steel, aluminium, plywood, laminates, copper, paints and hardware all becoming more expensive.
The pressure is coming from disrupted petrochemical supplies, shipping delays and tighter raw material availability linked to the Gulf region. Iron rod prices have reportedly climbed from about ₹50 per kg to nearly ₹62 per kg, while PVC prices have jumped by around 30%, adding to the cost burden on developers and individual homebuilders.
Developers say the average construction cost has moved from roughly ₹1,600 per sq ft to around ₹1,800 per sq ft. Interior materials such as ACP sheets, high-pressure laminates, modular furniture components, false ceiling materials and fittings are also seeing price pressure, making both structural and finishing work more expensive.
Also Read : Jindal Stainless Flags Possible Shipment Delays to Middle East Amid Regional Conflict Arabian Pipes Company Secures New Steel Pipe Contract from Saudi Aramco
Oil prices were steady on Monday following sharp falls last week, after Washington pledged to launch...
Oil & Gas 05-Feb-2024
Aichi Steel increases stake in India's VSSL.Action to increase presence in autom...
Business 04-Jun-2025
The Indian government is set to fast-track Bureau of Indian Standards (BIS) approvals for Taiwanese...
India 19-Sep-2025
MOIL lowers all grades of manganese ore prices for June.Price&nbs...
Business 03-Jun-2025
Sajjan Jindal's JSW Group is currently in discussions with Volkswagen Group to establish a joint ven...
Large Corporate 20-Feb-2024
Alstom Transport India Ltd started the production of the driverless metro trainsets for the Chennai...
Business 08-Feb-2024