EPS demands price reduction of construction materials

Former chief minister and leader of the opposition Edappadi K Palaniswami and Industries Minister Thangam Thennarasu on Saturday locked horns over the increasing inflation related to cement and construction materials

By :  migrator
Update: 2021-10-23 22:54 GMT
Former chief minister and leader of the opposition Edappadi K Palaniswami (File Image)

Chennai

Palaniswami said that the cost of construction materials particularly cement and steel had steeply increased by more than 30 per cent.

The cost of construction per sqft collected by the private builders was earlier Rs 2,200 and now the cost had surged to 3,100 per sqft.

The DMK in its poll manifesto promised to curtail the price of building materials and assured that it will reduce the price of gravel sand, cement, brick, M-sand, timber, but the promise is delayed, EPS said.

Meanwhile, Thennarasu said that cost of cement bags was Rs 420 to Rs 450 in March 2021 and CM Stalin advised on modalities to reduce the cement price, subsequently, cement manufactures were consulted and rates were brought down.

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