Sunteck to Brigade, major listed realtors hike residential prices by 10%

Bengaluru-based developer Puravankara has initiated a similar increase in prices

Major property developers in the country have increased residential prices by 8-10 per cent due to rise in input prices, such as cement, steel and so on.

For instance, Mumbai-based Sunteck Realty has increased prices across its projects by an average 8-10 per cent over the past few months, said its Chairman and Managing Director (MD) Kamal Khetan.

“Higher input costs of materials like cement and steel have led to a marginal increase in price,” said Khetan. Cement and steel prices have risen by 50 per cent in the past six months, said realtors.

Khetan said its buyers appreciate the