Real Estate Latest News-TMT Bar And The Best Chance To Build A Cheap, Strong House-Pic Credit Google

Real Estate Latest News-TMT Bar And The Best Chance To Build A Cheap, Strong House

Real Estate Latest News-TMT Bar And The Best Chance To Build A Cheap, Strong House-The government has increased the export duty on steel. Apart from this, the slowdown in the real estate sector has also reduced the demand for all the building materials, including TMT bars. Due to these reasons, the prices of the materials used in building the house are decreasing.

It is everyone’s dream to have their own house. People keep adding money for years to build their houses. Inflation hit the dreams of such people as a blow. However, amidst the inflation that has been causing problems for the people for the last few months, good news has also come. The prices of many building materials required to build a house have come down significantly in the past. Due to this, it has become easier now to build your dream home.

Real Estate Latest News-TMT Bar And The Best Chance To Build A Cheap, Strong House

TMT Bar has become so cheap

According to traders, the price of TMT Bar (Saria) has become cheaper by about Rs 8000 per tonne in the last month. Due to rising interest rates and challenges in the real estate sector, the demand for building materials has come down. Apart from this, some favorable government policies have also helped in reducing their prices. Traders say that the price of cement in the market has also come down by Rs 60 in the last two-three weeks. He also said that in the coming days, there may be a further fall in the prices of building materials like cement and TMT bars. If market experts are to be believed, apart from TMT bars and cement, the prices of bricks have also come down these days. The reason for this is also the decrease in demand.

Real Estate Latest News-TMT Bar And The Best Chance To Build A Cheap, Strong House

Home is stronger than the bar

According to the data, the price of TMT bars in the wholesale market is around Rs 60,000 per tonne these days. Their prices in retail are between 62 to 63 thousand rupees a ton. A month ago, the price of TMT bars was around Rs 70,000 a ton. In this way, the retail rate of TMT bars has come down by about Rs 8000 a ton in a month. In making the house strong, the most role is played by the bar. Generally, people cut down on the use of TMT bars to reduce the cost. Right now since its price is low, then this is a good opportunity to increase the strength of the dream house.

Real Estate Latest News-TMT Bar And The Best Chance To Build A Cheap, Strong House

Prices are falling because of this

Actually, the central government has increased the duty on the export of steel. Due to this, the prices of steel products have fallen sharply in the domestic market. This is also the main reason for the decrease in the prices of TMT bars. The decline can be gauged from the fact that at one time in April, the retail price of TMT bars had reached Rs 82 thousand per tonne. Right now the price of branded TMT bars has also come down to Rs 92-93 thousand per tonne. A month ago, their price had reached 98 thousand rupees per ton.

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