Builders Protest Rise in Sand, Cement prices

About 500 people including builders / promotors and workers participated in the protest rally by BAI (Builders Association of India) to voice their disapproval over the soaring prices of cement and sand in the Tamil Nadu state.

Five associations including CREDAI (Confederation of Real Estate Developers Association), Indian Institute of Architects, Association of Licensed Building Surveyors, Association of Consulting Civil Engineers and Coimbatore Civil engineers Association, joined the protest.

Creating Artificial Demand..!

Mr. R. Krishnasamy

They alleged that the major cement companies were creating artificial demand & increasing the prices of cement.

Mr. R. Krishnasamy, Chairman,  BAI - Coimbatore Centre , said, ''The CCI (competition commission of India) has acknowledged that about 11 cement companies artificially increased the price by creating demand. They slapped a fine of  about Rs. 6,310 crore against the companies. However, instead of reducing prices, they reduced production & created artificial demand and a hike in prices, he alleged. This is not only affecting consumers.But also builders / promoters, who are forced to increase the overall prices.

Mr. R. Krishnasamy also said, ''The cement prices per bag has increased from Rs.260 to Rs.330, a 20% increase in the past 6 months, while the price of sand per unit had gone up to Rs. 5,500 from Rs.3,000. Due to the increase in sand price, the association had asked the Tamil Nadu government to allow quarries to produce ‘manufactured’ sand."

Builders' Assocation of India -  Coimbatore Centre

Veera Towers, 93-S, Krishnaswamy Road,

COIMBATORE- 641 001, Phone +91 422 2547070

Mobile : 98422 24146

E-Mail : baicbe02@gmail.com, buildersbeam@gmail.com

http://www.baicbe.org/

Share: