Sariya Price Fall: The prices of Sariya, which plays an important role in house construction, has come down in the last month of the year. Their prices change daily and if you are waiting for further price reduction in the new year, then your pocket money may increase.
Who does not dream of owning their own house, but in today’s time, completing it has become one of the expensive deals. Due to increase in the prices of building materials used in house construction, a lot of money is spent on it. Usually, people wait for the construction to start when their prices come down. If you too are planning something similar, then this is the perfect opportunity to get a house built. In fact, even before the arrival of the new year 2024, the prices of rebar (Sariya Price) have reduced in different cities of the country and it forms a major part in the expenditure on house construction.
Effect of rebar prices on construction cost
To build your dream home, you first have to spend lakhs of rupees to buy land and then spend a huge amount on it to get the construction done as per your wish. In this, there are all kinds of expenses ranging from brick and cement, while the price of rebar also plays a big role in the house construction cost, even a slight increase in which increases your expenses. But in the last week of the last month of the year 2023, the prices of rebar have fallen further. A decline in its prices has been recorded from Delhi to Kanpur and from Chennai to Goa.
The decline in prices has continued since the beginning of November
Since the beginning of November till now, there has been a continuous decline in the price of rebar. On November 2, 2023, the price of rebar in Kanpur was Rs 47,000 per tonne, whereas on December 09, 2023, it came down to Rs 46,100 and now on December 22, its price has further come down to Rs 45,700 per tonne. Similarly, in Muzaffarnagar, Bihar, one ton of rebar was being sold for Rs 46,800 on November 2, which had become Rs 46,100 on December 9, 2023, now it has fallen further to Rs 45,700. Similar is the situation in Durgapur and here the price of rebar has fallen to Rs 43,200 per tonne, while in Raipur it has come down to Rs 43,000. Since July till now, this essential thing has become very cheap.
| city (state) | 06 July 2023 | 19 October 2023 | 09 December 2023 | 22 December 2023 |
| Kanpur | Rs 53,000/ton | Rs 47,000/ton | Rs 46,100/ton | Rs 45,700/ton |
| Ghaziabad | Rs 50,500/ton | Rs 47,000/ton | Rs 46,100/ton | Rs 45,700/ton |
| Goa | Rs 51,400/ton | Rs 51,400/ton | Rs 50,000/ton | Rs 49,000/ton |
| Delhi | Rs 51,000/ton | Rs 47,600/ton | Rs 47,100/ton | Rs 46,600/ton |
| Jalna (Maharashtra) | Rs 51,200/ton | Rs 50,700/ton | Rs 49,600/ton | Rs 48,200/ton |
| Chennai | Rs 50,500/ton | Rs 50,500/ton | Rs 48,800/ton | Rs 48,300/ton |
| Rourkela | Rs 47,700/ton | Rs 45,700/ton | Rs 44,500/ton | Rs 43,300/ton |
TMT Steel Bar Price Changes (Without 18% GST)
It is noteworthy that in the last year 2022, its prices were on fire and they had reached the sky. At present, the rate at which rebar is available is almost half that of last year. In the month of April 2022, its price in the domestic market had reached around Rs 78,800 per tonne. If we calculate the price by applying 18 percent GST on it, it comes to around Rs 93,000 per tonne.
The burden on your pocket should not increase in the new year.
If you are still expecting further decline in the prices of rebar for building a house, then let us tell you that this plan can also prove to increase your expenses. In fact, daily changes are seen in the prices of rebar across the country. In such a situation, it is possible that the rate at which it is available today may suddenly increase tomorrow. If this happens, then your plan to get your house ready can also move forward.
You can check the latest price of iron bars in your city on Ironmart (ayronmart.com) website. It is important to note here that the prices of rebar are quoted on per tonne basis and GST at the rate of 18 per cent fixed by the government is applicable separately on these.
