Prices rose six per cent last month, from Rs 255 at the end of September, and another Rs 5-15 this month. Industry experts say prices may inch up more, as peak construction period sets in. After the Union Budget, prices had surged to a high of Rs 275 before subsiding to a low of Rs 240 during monsoon.
Interestingly, prices are rising when the industry is heading for another low-growth year after growing at a decade low of less than five per cent in 2010-11.