Realty sector in Karnataka faces heat from rising input prices

Bengaluru : September 03,2011,12:31:Construction projects across Karnataka are getting delayed, cancelled or halted in progress as the realty sector has been jostling with steep and steady rise in prices of cement, steel rods, bricks and other input material apart from shortage of about 40 percent skilled workers, industry body ASSOCHAM said.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) interacted with around 150 people from the industry across Karnataka, including builders, contractors, developers, building material manufacturers, traders and real estate consultants to ascertain the impact of soaring construction prices and labour deficit on the state?s real estate and construction sector