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REALTY PRICES TO CRASH!! BANGALORE:SAND TOUCHES 65K

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REALTY PRICES TO CRASH!! BANGALORE:SAND TOUCHES 65K

Last updated: November 14 2011
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  • REALTY PRICES TO CRASH!! BANGALORE:SAND TOUCHES 65K

    Sand touches Rs 65K, truck strike still on

    Manu Aiyappa, TNNNov 8, 2011, 07.49AM IST Times of India


    BANGALORE: Festival season has failed to bring cheer to the ailing construction industry as the cost of a truckload of sand has shot up from Rs 25,000 just a fortnight ago to Rs 65,000 in the black market. This is because of the ongoing strike by sand suppliers.

    Uncertainty has gripped the construction of thousands of residential flats, commercial premises and infrastructure projects. Some builders said they might not be able to give timely possession of the flats and business premises that were due to be completed by May-June , 2012.

    "Though black marketers risk operation of trucks between 2 am and 4 am because of the strike, and though we are prepared to pay more, the supply is not enough," said Ramesh H Shahabad of Vinayak Constructions.

    "Though sand comprises only 2% of the input in a building project, it is a critical component ," lamented another builder Ankit Kumar of Brick By Brick Builders. Lakhs of construction workers have been virtually jobless for the last two weeks.

    The sand suppliers, who are demanding a sand mining policy, justify their strike alleging harassment by local authorities , imposition of arbitrary charges in the name of royalty and impounding of trucks with sand. This, it said, compelled the suppliers to go on strike from October 22.

    "On an average, we supply huge quantities of sand through over 5,000 trucks daily. While the local administration levies Rs 400 per truck as royalty, in reality, the truckers have to shell out Rs 1,500-Rs 3,000 per truck, failing which the vehicles are detained.The authorities were also booking cases against the drivers and owners. Hence, they had no option but to resort to a strike," Karnataka Sand Truckers ' Association president B Kodandaramu said.

    However, transport officials said the strike is the fallout of stricter monitoring by the state government of sand excavation , which was required considering that poor quality of sand was being used in construction . "We are trying our best to meet their demands and ensure that sand transportation is regulated without causing any hindrance," said transport minister R Ashoka. So far, we are not affected by the truckers' strike. We are managing with our existing inventory. But since we need to source fresh supplies later in the week, we hope the strike will be called off. The industry, on an average, is paying 10% more per truckload due to the strike.
  • #2

    #2

    Re : REALTY PRICES TO CRASH!! BANGALORE:SAND TOUCHES 65K

    Sorry. What is connection between sand price going up and reality price going down .

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