Cement price escalation to impact real estate projects: NHAI
05 May 2021
2 Min Read
CW Team
The National Highways Authority of India (NHAI) told the media that the increase in the price of raw materials such as cement and steel would not impact road construction as much as real estate projects.
An increase in prices of raw materials such as steel and cement could cast a shade on the construction cost of highways as well as real estate projects.
According to NHAI, in the case of roads, a majority are being made on bitumen, so the impact will not be as much.
Therefore, there won鈥檛 be an impact on costs but as far as bridges are concerned, there will be a huge impact because they are built on cement and steel, said NHAI.
The Covid-19 pandemic-led lockdown is impacting the demand for cement across the country. Industry insiders say demand has slowed down by 20-30% in May, as compared to March.
To access latest cement prices click here
Cement is required primarily in housing construction, infrastructure projects, industrial construction and commercial real estate, sectors that are facing a slowdown due to Covid-19.
Cement players expect demand from large government projects. The government has ambitious plans in the infrastructure space like the Bharatmala project and the Mumbai-Nagpur Express Highway.
It has also announced metro projects in several cities, and the demand for cement will come from housing for all projects.
Also read: Cement prices to be hiked, as demand improves
Also read:
The National Highways Authority of India (NHAI) told the media that the increase in the price of raw materials such as cement and steel would not impact road construction as much as real estate projects.
An increase in prices of raw materials such as steel and cement could cast a shade on the construction cost of highways as well as real estate projects.
According to NHAI, in the case of roads, a majority are being made on bitumen, so the impact will not be as much.
Therefore, there won鈥檛 be an impact on costs but as far as bridges are concerned, there will be a huge impact because they are built on cement and steel, said NHAI.
The Covid-19 pandemic-led lockdown is impacting the demand for cement across the country. Industry insiders say demand has slowed down by 20-30% in May, as compared to March.
To access latest cement prices click here
Cement is required primarily in housing construction, infrastructure projects, industrial construction and commercial real estate, sectors that are facing a slowdown due to Covid-19.
Cement players expect demand from large government projects. The government has ambitious plans in the infrastructure space like the Bharatmala project and the Mumbai-Nagpur Express Highway.
It has also announced metro projects in several cities, and the demand for cement will come from housing for all projects.
Image Source
Also read: Cement prices to be hiked, as demand improves
Also read: Cement demand expected to rise by up to 20% in fiscal 2022: ICRA
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..
Next Story
INDEA Lays Foundation for India鈥檚 First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..
