Not sure if anyone has noticed, cost of building materials has gone up 20 -25 %
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For most working people a 20 – 25% increase on a 750 rupees gas cylinder or a 100 rupees per litre fuel might be still affordable.
But a 20 – 25% increase in new home ownership cost or renovating / maintenance cost of existing homes for the same working people will make such needs unachievable.
Didn’t you know that “Achche din Aa gye h”.
A house does not need regular revamps. By the term maintenance I mean, wall coloring(2-4years), dusting(weekly), out of order light bulbs replacement(every 9-10 months), AC maintenance(every year), water tank cleaning(every couple of months), toilet cleaning(once a week), septic tank cleaning(3-4 years), electric switch replacement (rare). So, it won’t affect much. Rent might go up, tennants don’t have much to worry. Have I missed something?
Agree. Last week I was watching this construction video, where they were building a outdoor shed for parking cars.
It was a 2 car park occupying large outdoor space, the pillars were made of concrete and for the roof they done with metal frames and roof tiles to cover. Looking at the number of metal frames and pipes, i thought to myself it would have been much cheaper to just lay concrete and re-enforced steel.
But they explained in the video with all those metal structures and pipes, it is now much cheaper for roofs to be built this way compared to laying concrete the traditional way. I think we will start seeing more house roofs being built this way.
All prices have shot up by 25-50% in the last one year (since covid).
Be it construction or be it food/consumables, everything is up. My favourite comparison is brookebond tea powder.. from ~₹350 in 2020, it’s at ₹450 now..
Now, with these fuel prices, you can only expect them to go up even further!!
Even I’ve noticed this. Actually the lockdown situation had a major role in this. We were having one of our house constructed and lockdown happened. Almost every construction project were stopped and most of the materials prices were down to get rid of stocks (especially cement which has a relatively short shelf life).
When lockdown was removed, all the construction projects started at the same time. Our bricks supplier warned us about the shortage of bricks due to the sudden spike in demand. And he was right, bricks costs are still high. Same happened with cement and iron bars as well. Unless the stock is greater than the demand , the prices are not going to come down.
Everything has gone up except bank balance
Labour cost had gone up a lot. I spent a lot more on labour during the early months of pandemic after the lockdowns were relaxed. Finding skilled labour was also difficult. Materials also has gone up but main cost is labour.
Acha hai na. Itne din se aankhein taras gayin thi. Petrol diesel gas nahi to cement hi sahi. 
This comes under extra curricular development. 
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Obviously because we as country is growing. It signals Growth. Petrol, gas, you name it. All uptrend
For most working people a 20 – 25% increase on a 750 rupees gas cylinder or a 100 rupees per litre fuel might be still affordable.
But a 20 – 25% increase in new home ownership cost or renovating / maintenance cost of existing homes for the same working people will make such needs unachievable.
Didn’t you know that “Achche din Aa gye h”.
Obviously because we as country is growing. It signals Growth. Petrol, gas, you name it. All uptrend
The only thing which is not growing is my income.