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Rising construction costs to push real estate prices in 2022: Colliers India Report

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The cost of key materials like cement and steel have risen over 20% yearly as of March 2022. These constitute a predominant share in the total cost of construction.

 

Cost of construction up 10-12% YoY; surging cost likely to push up real estate prices

  • Cost of key materials like cement and steel have risen over 20% YoY in March 2022
  • So far, developers have been cautious about increasing prices as the market was recovering from the aftermath of Covid-19.
  • Cost of construction to rise by a further 8-9% by December 2022

     
 
 

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Rising construction costs to push real estate prices in 2022: Colliers India Report

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Before joining Colliers, Ramesh served as the CEO & Country Head of JLL India, where he oversaw the work and outputs of ~12,000 professionals working across transactions, consulting, and annuity businesses. During his tenure, he successfully grew the company to record heights. Previously, Ramesh held other leadership positions at JLL, such as COO – India; MD - West India; South India Markets Head; India Head of Land; MD – Industrial; MD – Chennai; and MD – Hyderabad. Ramesh was one of the youngest International Directors and Country Heads of JLL globally. He has also been a member of the Asia Pacific Executive Board of JLL and the J8, a group of JLL’s eight most prominent countries in terms of profits and revenues globally amongst 80 countries.

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A firm believer in the value of education, he has been a guest lecturer at prestigious institutes such as IIM Ahmedabad, IIM Kolkata, ISB Hyderabad, JBIMS, and SP Jain.

 

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