The huge cost of construction material, which has seen an upward rise over the last two years, has had a telling impact on the psyche of the average citizen, who is otherwise positively inclined towards going for a housing project. The trend is increasingly witnessed at the Confederation of Real Estate Developers Association of India’s (CREDAI) ‘Property & Build Tech Show 2022’ currently under way at PLR Convention Hall in the city.
The second day of the three-day event registered impressive 1,800 footfall on Saturday, but the average visitor was bogged down with the 80% rise in the price of basic construction material, which is feared to shoot the construction cost further upward. “The response is huge, going by the walk-in crowd. But it is true that the enquiries might be impacted by the rising construction cost,” opined A. Rajesh Babu, secretary of CREDAI’s Tirupati chapter.
