Rising iron prices may further hit realty

Skyrocketing prices of cement, iron and hardware material is imposing a huge burden on the consumers, which may affect the construction activity in the capital region of Amaravati in near future. Realty market, which is facing sluggishness for the last four years, may not recover if the prices of cement and iron witness further rise. Prices of premium cement brands touched Rs 330 per 50 kg bag from Rs 230 ago and iron prices reached Rs 50,000 per tonne from Rs 45,000 three months ago. Iron and cement are the two important building material used in construction. Common people constructing houses are worried with the spiralling prices of cement and iron.