Gujarat housing prices to go up: GIHED
Gujarat Institute of Housing & Estate Developers (GIHED) have predicted that housing projects in Gujarat may become costlier by 10-15 per cent if rising input costs of material and labour are unchecked.
GIHED sought government’s intervention to check the spiraling prices of cement, which they say have risen by Rs 70-85 per bag of 50 kg in last two months and has emerged as a decisive factor in determining prices of real estate projects.
According to GIHED, the per square feet construction cost has almost doubled from Rs 700 in 2009, backed by rise in input cost of raw material and labour. This in turn has reduced the profit margins of the real estate sector in range of 20-40 per cent.
Cement price hike, Gujarat Institute of Housing & Estate Developers (GIHED), Housing projects, input costs of material and labour, prices of cement, Profit margins, Real estate in India
