Great opportunity to build a house, cement and rebar have become so cheap in the market - Newztezz Online

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Saturday, March 16, 2024

Great opportunity to build a house, cement and rebar have become so cheap in the market


See the report of ICRA, which keeps an eye on the market price of cement in the country, or the analysis of the rebar market of Ironmart, the prices of both these things used in building houses have fallen.

Now the weather has started feeling a little warm. This is the most important time of the year when people start some new work. In such a situation, if you are planning to build your own house, then this is a great opportunity to build your house. At present, there is a decline in the prices of cement and rebar in the country.

Yes, see the report of ICRA, which monitors the market price of cement in the country, or the analysis of Iron Mart's rebar market, the prices of both these things used in building houses have fallen. There has been a big change in their prices in the last few months.

Cement bars became cheaper

If you are interested in building a house, then even a small saving in the cost of cement and rebar can actually be huge. These two are the most important building materials for constructing a house. If we look at ICRA's cement sector report for February 2024, it shows that the price of each bag of cement has come down. At present the average price of each bag of cement in the country has reduced by 5 percent. At present the rate of cement bag in the country is between Rs 355 to Rs 375.

Similarly, the rate of rebar has also come down in the last few months. If we look at the price in Muzaffarnagar of Bihar state, the per tonne price of rebar has come down. In the beginning of January, the price of rebar had reached Rs 47,000 per tonne, which has now fallen to Rs 43,300 per tonne. In such a situation, the basic expenditure of people for building houses has decreased.

India is currently the world's largest construction economy, due to which the country's GDP growth has also been better than expected. Recently, when the GDP figures were released, it was said that there was an increase in construction activities in the country.

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