Rising steel prices make home dream dearer
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Update time : 2022-03-29 20:25:40
Constructing a house has now become a lot costlier as the price of steel -affected by the war in Ukraine and rise in fuel prices - has shot through the roof. As a result, many who had taken out loans, are now recalculating their budgets which may have thrown their plans into disarray. Contractors and traders too are on
tenterhooks.
planned to build an independent house instead of going for a flat. Now, I may have to stop construction as the cost has been escalated." Ramdev is not the only one, however, to have been affected by the steep prices. BK Laskhmipathi, a civil engineer and a contractor, has been constructing houses for the
last 35 years. According to him, this is the first time he is seeing inflation hitting the construction activities so much."
