Have any building plans in Bangalore? It would be wise to wait for a while, for construction cost is at its peak now—about 25% up.
Realtors blame sand, the price of which has gone up to `25,000 a truckload from `15,000 a few weeks earlier.
Speaking to DNA, Builders Association of India (Bangalore chapter) chairman K Sridhar said due to the steep hike in sand price, construction cost in the city had gone up by 20% to 25%.
“Sand is the new gold here. Our industry will take a big beating inthe next six months if this issue is unattended,” he warned.
Karnataka Lorry Owners and Agents’ Association general secretary BV Narayanappa quoted quality sand at Rs20,000-Rs25,000 a load. “It was Rs15,000 a few weeks back. This hike is mainly because of reduction in supply following curbs on sand mining and decrease in slots around Bangalore,” he reasoned.
Sand hubs like Kanakapura, Maddur, Gouribidanur and Kollegal were not more able to meet the demand, said Monish Kapoor from Kapoor Ventures, a sand trading company. “Official supply from states like Tamil Nadu and Andhra Pradesh has also stopped as those states have brought in strict regulations on selling sand to other states,” he said.
Another reason is Jal. Nagaraj K, member of the Lorry Owners Association and sand trader, blamed the cyclone for the present crisis. “Heavy rains in the past few weeks have raised water levels of tanks and rivers making mining a tough business,” he said.
Hold on, there’s hope. Bellary district is becoming a hotspot for sand mining. A sand trader from Hospet in Bellary, on the condition of anonymity, said traders were getting supply from many taluks in Bellary. Hoovinahadagali and Hagari Bommanahalli top the list. “Though a load of sand costs only Rs10,000 in Bellary, transportation cost and other expenses increase the rates up to Rs20,000 by the time it reaches the city,” he said.
What about the mining curbs? Traders there have found ways to tackle them, he said, adding that the demand for sand is increasing in cities like Bangalore.
Apart from Bellary, a few places in Haveri district, Harihara in Davangere district and Sakaleshpur in Hassan district supply sand to Bangalore.