Steep Hike in Material Supply Worry Developers

More than the issue of migrant workers wanting to return home, what is more worrying builders and real estate developers is the supply of material components for their projects. Majority of construction workers staying at our project sites and shelters are working. Even if 10% to 15% leave, we can manage. But it is the prices of certain components like cement that worry us More than 100 industries depend on real estate sector and construction industry including cement, steel, ceramic tiles, paint etc., and their activity would be linked to construction sector and if the latter does well, it will slowly revive the economy, generate employment, said CREDAI Hyderabad president Ramakrishna Rao.