{"id":23373,"date":"2021-08-31T15:35:25","date_gmt":"2021-08-31T10:05:25","guid":{"rendered":"https:\/\/plyinsight.com\/?p=23373"},"modified":"2021-09-29T17:13:41","modified_gmt":"2021-09-29T11:43:41","slug":"realtors-hike-residential-prices-on-verge-of-input-cost","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/realtors-hike-residential-prices-on-verge-of-input-cost\/","title":{"rendered":"Realtors hike residential prices on verge of input cost"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Major property developers in the country have increased residential by 8-10 percent due to rise in input prices, such as cement, steel and so on.<\/p>\n<p>Cement and steel prices have risen by 50 per cent in the past six months, said realtors.<\/p>\n<p>\u201cThe cost of doing business has increased \u2013 be it due to inflation in commodities like fuel and steel, goods and services tax regime changes, Real Estate (Regulation and Development) Act compliances and vaccinations for all workers,\u201d Realtors.<\/p>\n<p>Buyers are willing to spend more if they get the right product from the right developers.<\/p>\n<p>The real estate sector also witnessed an increased consolidation of branded realty players and unpredictability in the prices of primary raw materials.<\/p>\n<p>For instance, the prices of its plots in Gurugram have gone up from R1.5 lakh per square (sq.) yard (R16,666 per sq. feet) to R2.25 lakh per sq. yard (R25, 000 per sq. feet) within six to eight months, indicating a rise of 50 per cent, said sources.<\/p>\n<p>The prices of its independent floors have gone up from R2.75 crore for 316 sq. yards to R3.75 crore for 500 sq. yards since October last year, added sources.<\/p>\n<p>Sources said despite demand being low because of the second wave of the Covid-19 pandemic, the overall operating costs for developers have also gone up in the last few months, with many offering safety protocols to their workers on site and taking care of their vaccinations and other medical needs.<\/p>\n<p>\u201cAdditionally, in the last one year, amid offers and discounts, many developers saw their stock getting cleared after housing demand surged during the pandemic, thus giving them the leverage to increase price. This has ultimately caused developers to increases prices.<\/p>\n<hr \/>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_raw_code wpb_raw_html wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<iframe width=\"420\" height=\"315\"\nsrc=\"https:\/\/www.youtube.com\/embed\/2WYzbuSZLAQ?playlist=2WYzbuSZLAQ&loop=1\">\n<\/iframe>\n\n\n\n\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_separator wpb_content_element vc_separator_align_center vc_sep_width_100 vc_sep_pos_align_center vc_separator_no_text vc_sep_color_grey wpb_content_element  wpb_content_element\" ><span class=\"vc_sep_holder vc_sep_holder_l\"><span class=\"vc_sep_line\"><\/span><\/span><span class=\"vc_sep_holder vc_sep_holder_r\"><span class=\"vc_sep_line\"><\/span><\/span>\n<\/div>\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div 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\u0939\u0948\u0902\u0964<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"Major property developers in the country have increased residential by 8-10 percent due to rise in input prices, such as cement, steel and so on. Cement and steel prices have risen by 50 per cent in the past six months, said realtors. \u201cThe cost of doing business has increased \u2013 be it due to inflation [...]","protected":false},"author":1,"featured_media":23374,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1397],"tags":[1460],"class_list":["post-23373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-august-news-2021","tag-realtors-hike-residential-prices-on-verge-of-input-cost"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Realtors hike residential prices on verge of input cost - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/realtors-hike-residential-prices-on-verge-of-input-cost\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Realtors hike residential prices on verge of input cost - 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