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Article: INDIA'S CONSTRUCTION COST INDEX UP 7.7% IN 2003-04.
- Article from:
- AsiaPulse News
- Article date:
- April 15, 2004
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NEW DELHI, April 15 Asia Pulse - The Construction Cost Index rose by 7.7 per cent in 2003-04 as against 5.1 per cent in 2002-03, according to the Construction Industry Development Council's latest updates.
"This rise in the construction cost has been due, to a larger extent, to increase in cost of steel and cement, and to a lesser extent to hike in the cost of aggregates and bricks and wages," a CIDC statement here.
The index recorded 2.17 per cent increase during the fourth quarter of 2003-04 as against 2.7 per cent rise in the ...