The Hindu : Andhra Pradesh News : What They Say

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Thursday, Apr 24, 2008
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Andhra Pradesh

Andhra Pradesh

What They Say

“The middle class aspirations are going to be badly hit following the rise in prices of steel and cement. Latest projects are going to come with a higher price tag and the new customers are sure to feel the pinch.”

K. Pratap,

MD, Golden Gate Properties “The stocks are not regular and the sales have been affected. The construction work is affected and there is no way a majority will find ways to pay for such higher prices.”

Qutbuddin Ahmed,

Cement dealer, Bharatnagar. “The chasm between dreaming for a home and owning it is getting wider. Owning a home is turning into a privilege than a necessity.”

Amresh Kumar,

Private employee, Balanagar. “All our plans have gone awry and we do not know how to juggle the available resources.”

Sanjay Reddy,

Gachibowli

“I thought of cement flooring and even that is not possible now. My family just decided to keep the construction work in abeyance for some time.”

Jangaiah,

Motinagar “The middle class aspirations for quality dwellings are in a mess following the rise in pricing of raw material. Since the profit ratio per sft has gone down for builders, there will be a round of revision in the property prices and flats will become that much more dearer.”

C. Prabhakar Rao,

President, Greater Hyderabad Builders Federation.

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