The construction projects across the state 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 and adding to this is labour migration, Assocham said today.
The Associated Chambers of Commerce and Industry of India (Assocham) interacted with around 150 people from 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.
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