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Tiles to make homes costlier

Tiles to make homes costlier

Apnaloan.com Research Bureau

01 Apr 2008

The real estate business has had the rising costs of construction as a major concern. Adding to this list is the rising cost of vitrified and floor tiles.

Now, it is mandatory for the ceramic manufacturers to show the actual MRP (maximum retail price).

The MRP has been increased by around 100 per cent on vitrified tiles to ensure that the tax is paid. There has been a 50-75 per cent hike in the cost of floor and roof tiles.

The MRP on the vitrified tiles box of average quality was Rs. 350-400, as against the actual price of Rs 700-800, the DGCEI official said.

Industry insiders predict an increase of 10 per cent in the cost of tiles, come May 2008.

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