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Shortage of materials hits construction industry, Real Estate News, ET RealEstate

Shortage of materials hits construction industry, Real Estate News, ET RealEstate
MYSURU: The city is hit by the scarcity of construction materials and it is affecting the real estate sector which is already reeling under a crisis due to the pandemic.

Consequently, the prices have jumped too, pushing the budget of families planning on constructing homes. The shortage has triggered a surge in prices and has affected several government projects as well.

Constructions materials like M-sand and gravel are supplied to the city from Srirangapatna, Pandavapura and Nagamangala in Mandya district. Quarries in Mandya district supply around 6,000 to 7,000 tonnes of M -Sand and 2,000 tonnes of gravel to Mysuru city alone, while the quarries in Gundlupet and Huliyurdurga are able to supply about 2,000 tonnes of M-sand against and 500 tonnes of gravel.

As the supply was disrupted mainly due to the row over mining in the vicinity of the KRS dam, the district builders and contractors are currently buying construction materials from Gundlupet in Chamarajanagar district and Huliyurdurga and Kunigal from Tumkuru district at about 15% surge in price per tonne.

The price per tonne of M-sand has increased to Rs 1,150 from Rs 900 and gravel to Rs 1,400 -1,450 from Rs 1,300 per tonne. Builders and individuals who are constructing houses now have to cough up extra Rs 250 per tonne of gravel and M-sand forcing several of them to postpone the project, Builders Association of India, Mysuru chapter secretary A S Yoganarasimha told TOI. He said the house construction sector is hit by the increase in prices.

Owing to the unavailability of river sand, both construction industry, private builders and house builders have been using M-Sand as an alternative. The quarries in Mandya were the prime source of M-sand and gravel for the construction industry in Mandya, Mysuru and Madikeri, said Mallikarjuna, who is a quarry operator.

The demand for such construction materials doubled after the government relaxed lockdown norms and opened up economic activities, he stated adding that the temporary shutdown decision of quarry operators of Mandya district has severely affected the construction industry.


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Written by Realty Beat

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