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26 Feb 2024, Edition - 3149, Monday

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Coimbatore

Builders Association of India, Coimbatore’s Plea to control price hike in construction materials

Covai Post Network

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Coimbatore, 9th February 2024 – Builders Association of India, Coimbatore Center has represented to the District administration at Coimbatore to intervene immediately to control the recent steep increase in prices of construction materials. The association represented by its Chairman Mr. R.Ganesh Kumar, Past Chairman Mr. K. Viswanathan and Secretary Mr. L. Joseph met the District Collector, Mr. Kranthi Kumar Pati IAS, on Thursday, and gave a memorandum.

Mr. R. Ganesh Kumar, Chairman BAI Coimbatore stated that the prices of M Sand, P Sand and Jelly has increased by almost 30 % from February 1st. This abrupt escalation in costs has had a detrimental impact on builders, contractors, and building owners. Consequently bye products such as readymade concrete and flyash bricks have also witness price increase.

This abrupt escalation in costs has had a detrimental impact on builders, contractors, and building owners, leading to financial losses and the reduction / suspension of construction activities at various sites.

This would also result in loss of jobs to construction workers including migrant labour. New projects are also likely to be postponed resulting in a slowdown for the sector. He requested that the Government address the needs of the crusher industry so that prices can be control for the benefit of the entire construction sector.

Past Chairman Mr. K. Viswanathan stated that, thadame association has sought the immediate invention of the Government and has requested for regulation and stabilisation of construction material prices to ensure resumption of normal construction activities in our region.

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