Maharashtra real estate developers plan to halt construction due to soaring raw material costs, urging government intervention and a six-month project deadline extension from MahaRERA.
Developers in Gujarat expect property prices to rise by Rs 400-500 per square foot due to significant increases in raw material costs, including steel and cement.
CREDAI warns of 10-15% hike in property prices due to rising construction costs, attributed to increasing raw material prices and construction delays.
Mangalore real estate firms commit to booking prices despite rising costs and dipping ROI.
SAIL has reduced steel product prices by Rs 1,000-1,500 per ton in response to global trends and decreasing demand due to the European financial crisis.
Kolkata realtors to hike residential unit prices by Rs 100-500/sq ft due to 25% increase in construction costs, amid 12.98% inflation rate.
Calcutta property prices may increase by up to 15% as developers face rising costs; however, demand slowdown may limit immediate price hikes.
Karnataka real estate developers plan a price increase of 3-8% from June 10 due to rising construction costs and higher labor rates.
Pune property prices hiked by Rs50-400 per sq ft, but sales dipped despite builder expectations. Registration figures indicate a market slowdown, contrary to builders' claims.
Mumbai's real estate developers raised concerns over surging steel prices, urging an investigation as it threatens construction plans for the Commonwealth Games 2010.