What’s the construction cost at present in this slowdown phase?

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praveen

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Feb 18, 2009, 4:54:50 AM2/18/09
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From: Stranger_in_Heaven (Original Message) Sent: 12/28/2008 1:46 PM
With the ‘slowdown’ I heard lots of major projects are stalled. Big
construction companies are cutting down their staff. Laborers from
other parts of India are going back.
Steel & cement prices are also gone down.

With all these effects does the construction cost went down?
Is it affordable now???

praveen

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Feb 18, 2009, 4:55:07 AM2/18/09
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From: sathyamkm Sent: 12/29/2008 11:06 PM
The current inflation rate which is 6+ may trend down little
You can wait few more months IMO as it has to trickle down

USA will sure to go thorugh deflation phase.
I am not 100% sure about it in India as it is difficult to get good
data points for Indian economy.

If we have a deflation, the prices will go much lower

Also when u look at bubble charts like Mittal's
they have a long way to deflate.

praveen

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Feb 18, 2009, 4:55:16 AM2/18/09
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From: namburi Sent: 1/2/2009 11:01 PM
Hi
In present market situation the prices are not lower but all the raw
materials are at the 2005 prices.
The other positive thing to start construction now is availability of
skilled labour .Since most of the commercial and apartment
constructions are on hold.
Regards
Ar.praveen.N
Ardes Architects and Interior Designers
ardesar...@yahoo.co.in

t...@pmrcorporate.com

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Mar 13, 2009, 10:18:30 AM3/13/09
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On Feb 18, 10:54 am, praveen <npraveen.archit...@gmail.com> wrote:
> From: Stranger_in_Heaven  (Original Message) Sent: 12/28/2008 1:46 PM
> With the ‘slowdown’ I heard lots of major projects are stalled. Bigconstructioncompanies are cutting down their staff. Laborers from
> other parts of India are going back.
> Steel & cement prices are also gone down.
>
> With all these effects does theconstructioncost went down?
> Is it affordable now???
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