Wary real estate industry braces for material shortage, project delay and price shocks
Kolkata: Kolkata’s real estate market is staring at fresh time and cost escalations as the war in West Asia disrupts supplies of construction materials, delays project execution and pushes up apartment prices. A letter from CREDAI West Bengal to chief secretary Manoj Kumar Agarwal, seeking extension of project timelines because of material shortages, has highlighted…
