Cement prices have significantly increased, dealing a major blow to those planning to build homes. In western India, cement prices have skyrocketed, with distributors raising the cost of a 50 kg cement bag by ₹5-10 per bag. Price hikes have also been observed in southern and eastern regions.
Key Highlights:
- Western India: The price of a 50 kg cement bag has increased to ₹350-400.
- Southern India: Some cement companies have raised prices by ₹40 per bag, bringing the cost of a 50 kg bag to ₹320.
- Eastern India: Prices have surged by ₹50-55 per bag.
Reasons Behind the Price Hike:
- Production Costs: Increased fuel prices and raw material costs.
- Higher Demand: Revival in the construction sector has driven up the demand for cement.
Impact:
- Middle-Class Families: The rising cement prices have escalated home construction costs, leading to dissatisfaction among the middle class.
- Construction Activities: The hike in cement prices has slowed down construction activities.READ THIS- Drone Prathap Arrested for Chemical Blast in Farm Pond
Experts suggest that these price hikes may continue, although cement companies are taking steps to increase production capacity. Changes in the pricing trend might be observed in the coming months.
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