#Credai Hyderabad President
Ramakrishna Rao Interview
Credai Hyderabad president Ramakrishna Rao said the hike in building material prices for the construction sector, including cement and steel, was all artificial. Builders across the country are now backing up as construction equipment prices skyrocket. In this context, He explains the the percentage increase in the rates.. reason for the increase.. exclusively with Real Estate Guru.
In fact building construction materials rates have risen by almost thirty percent in the past year alone. Now the result of the Russia – Ukraine war has doubled to another 20 percent. However, all of this is artificial enhancement. The center says it has exported $ 14 billion worth of equipment. Of this, steel alone accounted for 20,870 million tonnes. Should exports actually be reduced when there is a crisis? If you import from other countries .. you can expect their rates to go up. But we do not import these except oil. However, the war booby-trapped showed that rates had skyrocketed.
I have heard that Credai Maharashtra has announced that they are halting construction due to this. In this context that we discuss here with everyone and decide what to do ourselves. In just ten days a week, steel rose from Rs 60,000 to Rs 85,000. Under these circumstances, if the government immediately intervenes and stops exports, rates will come under control, ”RK Rao explained.
