Housing projects likely to come to a standstill in Kozhikode districtThe pandemic-induced spike in prices of essential construction materials and the shortage of stock with wholesale traders have emerged as a challenge for many small and large-scale construction projects in Kozhikode district. Many housing projects, which were resumed after the first wave of the pandemic, are likely to come to a standstill again owing to the new crisis. Contractors of small-scale housing projects pointed out that the price hike had come at a time when many projects were already pending because of the shortage of labourers. According to Subair Kolakkadan, chairman, CCI, the State government is seemingly ignoring the confederation’s call for the formation of a regulatory board to monitor and control the prices of construction materials in the market. The shipping cost had already been hiked by many private operators citing operational hurdles and shortage of labourers, they say.

Source: The Hindu April 26, 2021 17:41 UTC