| Construction cost shoots up | |||
Construction cost of ground floor has increased to Rs600 per square foot and upper floor to around Rs400 per square foot, whereas, in January these were Rs450 and Rs300 per square foot respectively. Cement contributes 14 to 18 per cent of total cost of project. Steel bar price up from Rs33,000 to Rs42,000 per metric tonne Steel makes 5% of overall construction. Daily wage of unskilled laborer is up from Rs150 to Rs175 and brick layers & stone masons are up to Rs400 from Rs250. Sand prices have increased by 300% from Rs400 per trolley to Rs1200 per trolley. Sand comes from the river banks and beds, when the water is high the price goes up. Prices are expected stabilize at around Rs900 per trolley load.
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| AL FAISAL PROPERTY SERVICES & CONSTRUCTIONS Rawalpindi |
cell phone 03335172786 5591220 5592548 |
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| Ayaz Builders 148A, Street 37, Sector F-10/1 Islamabad, Pakistan |
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