Mounting Costs

War in West Asia and the ensuing disruption of shipping through the Strait of Hormuz has impacted the entire world – and India is no exception. The country sources critical construction inputs like bitumen and LNG from the Gulf while rising global fuel prices, which have already driven up domestic wholesale diesel prices, bear adversely on logistics, a service with a wide impact on primary as well as secondary construction materials.

“Volatility in global energy markets typically flows through to construction materials such as steel, cement and aluminium, as well as inputs like glass and tiles,” says Sudharshan KR, Chief Project Officer, Mahindra Lifespace Developers. “In addition, materials such as tiles and ceramics, copper, bitumen, resins and paints have also seen an increase.”

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