Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
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 : EU carbon border tax will do little to cut emissions India and New Zealand are collaborating to address trade barriers
InCred, an analyst organisation, predicts that domestic steel spreads in India will fall further in...
Ferrous 26-Jun-2024
Finance Ministry calls for cheaper energy to support green steel&...
Business 05-Jun-2025
Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle of IRB Infrastructure Trust, has wo...
Construction 29-Jan-2024
During the current fiscal year, the government intends to produce 170 million tonnes (MT) of coal fr...
Notification 15-Apr-2024
Tata Steel anticipates challenges in its European operations to impact its net profit for the third...
Large Corporate 24-Jan-2024
Finance Minister Nirmala Sitharaman unveiled the critical Mineral Mission today while presenting the...
Notification 23-Jul-2024