Cement Firms Cut Prices By 17-19% After Protest From Real Estate Lobby

1
Cement Firms Cut Prices By 17-19 After Protest
From Real Estate Lobby
2
last week, a real estate lobby raised its protest
against a sudden rise in cement prices from
several cement companies. After protest, the body
banned some cement companies and discontinued
purchase of cement bags from them.
3
About four cement companies in the Delhi NCR
region have cut prices by about 17-19 following
allegations of artificial price hikes and a
cartel-like behavior, says Manoj Gaur,
president, Confederation of Real Estate
Developers Associations of India (Credai)-NCR.
The companies have started taking orders at a
price of Rs.245-250 per bag from this week, lower
by about Rs.50, he added.
4
Cement manufacturers had to cut prices as they
were not sustainable. We expect further
correction due to weak demand. With the festive
season, labour shortage may lead to lower
construction activity, says a cement dealer in
Delhi NCR. An increase in cement prices can add
more cost to new projects in Gurgaon Ghaziabad,
Noida and Faridabad that will finally put a
burden on the pocket of customers.
5
Contact Apical Realty India Ground Floor, 126,
Sector 44, Gurgaon, Haryana 122002 Email
info_at_apicalindia.in Ph 08800558649
Follow Us
Like Us