Demand for Villas Increases amidst the shortage of construction materials

Posted on June 14, 2021   |  

• The cost of construction materials has increased by 10% in the past few months of 2021. 
• Due to the increasing cost of labor by 7%-10%, there is a rise in the cost of building materials. 
• Amidst the shortage of building materials, there has been a sudden increase in the price of timber, bricks, and more in the month of May, 2021.
• Meanwhile, the price of lumber increased to 170% in the last few months of 2021, resulting in construction delays.