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Private construction work in full swing in Kashmir

Besides the hike in wages of daily-rated labourers, there has been 15 to 25 per cent increase in the costs of bricks, sand, stone and cement.

PTI |Updated: October 25, 2019, 11.10AM IST
Private construction work is in full bloom in Kashmir but the exodus of non-local labourers after the abrogation of Article 370 provisions has resulted in cost escalation of building material, according to industry players here. Besides the hike in wages of daily-rated labourers, there has been 15 to 25 per cent increase in the costs of bricks, sand, stone
on small profit margins in government contracts. The price escalation is in the range of around 25 to 30 per cent, which makes undertaking these works at this juncture unviable," Ishfaq Ahmad, a government contractor, said. He said the tenders for new work will have to figure in the price escalation as and when construction work can be resumed.

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