VISAKHAPATNAM: Individuals houses and flats have turned costlier by 10 to 15 per cent in parts of Andhra Pradesh as developers have effected a price hike due to the high costs of construction material. With prices of key building materials like steel, cement, plastic and labour charges witnessing a steep rise, builders as well as customers are facing the heat.
The real estate sector was hit hard by the pandemic. Now, a steep jump in prices of raw materials has compounded the woes of developers. The price rise has lead to homes getting costlier in Vizag and Vijayawada.
