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Cement prices have increased by 28% and steel prices have gone up by 47% in the last four years Surat: About 300 construction sites across the city will remain shut to protest the increase in the prices of cement and steel on Friday. Builders affiliated with the CREDAI’s Surat chapter will shut the construction and related activities as part of the strike announced by the Builders’ Association of India (BAI). CREDAI office-bearers said that the cement prices have increased by 28% and steel prices have gone up by 47% in the last four years. “Around 30,000 construction workers, too have supported the strike and they will stay away from work,” CREDAI president, Ravji Patel told TOI. The CREDAI office-bearers will also submit a memorandum to the district collector demanding reduction in the prices of cement and steel. ....
Surat: At a time when the Airports Authority of India (AAI) is pushing for the parallel runway at Surat airport, the real estate players want the government to drop the proposal on the grounds that it will hamper development of new commercial and residential projects in the vicinity. Realtors said that about 198 buildings are identified as obstructions and the new projects are facing building height restriction due to the existing runway. The parallel runway will further restrict the growth of the real estate projects in key areas of Surat, which is forecast to be the 9th fastest growing city in the world by World Economic Forum (WEF). ....