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Housing Construction Cost Increases By 25 Per Cent
50 sec to read
The cost of housing projects under construction in Kathmandu district has increased by 25 per cent. President of Federation of Contractors’ Associations Nepal (FCAN) Jaya Ram Lamichhane said the construction cost increased with a sharp increase in wage rate and construction materials compared to previous year. He said that the price of construction material has increased by 25 per cent. He said that a sack of cement is costlier by Rs 175 to Rs 200 than last year.
Cement in the market costs between Rs 700 to Rs 725 for a sack. A year ago, it was priced at Rs 520. Similarly, the cost of steel rod has also increased from Rs 58 for a kg to Rs 82. Producers say that the price was increased after the increase in cost of raw materials and import tax. Though the wage rate of workers was fixed in last July, with the condition of not to increase it more than 21 per cent, Lamichhane says the workers are being paid higher than that.
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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include - APP/View/Elements/side_bar.ctp, line 60
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
