 "Housing market, Homes, Real estate, Realty")
News reports suggest many listed real estate developers have increased the prices in their housing projects by up to 10 per cent. Many others may follow suit in the near future.
Rising input costs
The primary driver for these hikes is increase in input costs. “Prices of steel, cement, sand, and labour have risen in the past few months,” says Subhankar Mitra, managing director – advisory services, Colliers India.
Prices have been static or have increased in low single digits over the past several years. Meanwhile, costs (including compliance costs) of developers have kept increasing, eroding their margins. In the past, developers were
