Rise in construction material, labour cost may push up realty rates in Kolkata

Fri, 11/12/2021 - 00:00

Author: ET Realty, PTI

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Realtors have hiked property prices in West Bengal and have attributed it to the sharp rise in input costs and buoyancy in the demand for housing, a CREDAI official said on Thursday. Buoyancy in the demand for housing in the state, specially in the affordable segment, with support from the state and central governments has encouraged them to take the decision to increase property prices, the official said. An increase of about five per cent has already been affected done and another 10 per cent will be hiked by 2022, he said.

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