Steel price hike by 60 per cent hits realty in Telangana

[TampaChinnodu]

With sales decreasing in the past three months, iron and steel traders too are suffering great loss.

 The state government’s efforts to persuade steel manufacturers to reduce the price of iron and steel for government projects have failed. (Representational image)

Hyderabad: Steep hike in the rate of steel and iron has brought construction activities to a halt. Prices have increased by 60 per cent in the last six months and 30 per cent in the last two months. Unable to bear escalating costs, contractors and builders have decided to stop their works for the time being.

With the implementation of Real Estate Regulatory Agency (Rera), the builders are now urging the government to allow them to revise the sale agreement upwards if the overall costs exceed five per cent by arguing that they can manage cost escalation only up to 5 per cent and the rest has to be borne by the buyers.

 

 

With sales decreasing in the past three months, iron and steel traders too are suffering great loss.

The state government’s efforts to persuade steel manufacturers to reduce the price of iron and steel for government projects have failed. 

[TampaChinnodu]

Quote

the builders are now urging the government to allow them to revise the sale agreement upwards if the overall costs exceed five per cent by arguing that they can manage cost escalation only up to 5 per cent and the rest has to be borne by the buyers.

ila kooda vuntada 

[rapchik]

2 minutes ago, TampaChinnodu said:

ila kooda vuntada 

Yep cost pergithe valu kuda em chestharu.. lose ayithe work cheyaru kada

[Android_Halwa]

chill man...this is a really good thing to happen...

India la steel consumption very low...per capita steel consumption in India is all time low when compared to other developing countries.

Motham government regulations petti steep manufacturing control chesi,international market ki adverse ga chesesinaru...

let steel prices rise and be on par with international prices, which then encourages steep producers to ramp up the production ...and when steep production goes up, gradually prices will stabilise ...apudu market fluctiation kuda taggutundi and steady prices with 5% variation kante ekuva vundadu...

cement mida regulation teesesinatu steel mida kuda teesesi privatise chesi dobbati...steel authory ni naamo nishan lekunda cheyali..apude steel sector baagupadtadi 

[TampaChinnodu]

4 minutes ago, Android_Halwa said:

chill man...this is a really good thing to happen...

India la steel consumption very low...per capita steel consumption in India is all time low when compared to other developing countries.

Motham government regulations petti steep manufacturing control chesi,international market ki adverse ga chesesinaru...

let steel prices rise and be on par with international prices, which then encourages steep producers to ramp up the production ...and when steep production goes up, gradually prices will stabilise ...apudu market fluctiation kuda taggutundi and steady prices with 5% variation kante ekuva vundadu...

cement mida regulation teesesinatu steel mida kuda teesesi privatise chesi dobbati...steel authory ni naamo nishan lekunda cheyali..apude steel sector baagupadtadi 

metro ani , cement ani , steel prices ani , economy boom ani always edo oka reason seppi prices increase sesthune vuntaaru man. Real Estate in India is a mafia. they never bring prices down.

[boeing747]

26 minutes ago, Android_Halwa said:

chill man...this is a really good thing to happen...

India la steel consumption very low...per capita steel consumption in India is all time low when compared to other developing countries.

Motham government regulations petti steep manufacturing control chesi,international market ki adverse ga chesesinaru...

let steel prices rise and be on par with international prices, which then encourages steep producers to ramp up the production ...and when steep production goes up, gradually prices will stabilise ...apudu market fluctiation kuda taggutundi and steady prices with 5% variation kante ekuva vundadu...

cement mida regulation teesesinatu steel mida kuda teesesi privatise chesi dobbati...steel authory ni naamo nishan lekunda cheyali..apude steel sector baagupadtadi 

ila prices increase cheste inka middle class vallu house epudu konukkuntaru

[Android_Halwa]

1 hour ago, boeing747 said:

ila prices increase cheste inka middle class vallu house epudu konukkuntaru

Middle class ollu house konkovalani an industry like steel and iron ni kampulepithe ela ? This industry is core to economy...

steel consumption perigithe kani, prices stabilize avvavu, regulation teeseyali...oka 1-2 years padutundi but atarvata steel prices baaga steady avutayi and control lo vuntundi...apudu middle class odu inka easy ga katukovachu illu