The Joint action committee of builders in Telangana and Andhra Pradesh represented by the Confederation of Real Estate Developers’ Associations of India along with all its chapters in Telangana and Andhra Pradesh and other associations have decided to extend the cement purchase (boycott) from July 13 to July 20.
They had earlier stopped purchase of cement during July 5-12 protesting against alleged cartelisation by cement manufacturers.
The JAC includes Andhra Pradesh Real Estate Developers' Association, Telangana Real Estate Developers' Association, Builders Association of India and Telangana Builders Federation representing 2000-strong developers community along with 1000 small medium and mega contractors unanimously decide to extend the cement purchasing holiday.
The meeting attended by C. Shekar Reddy, National president CREDAI and chairman and others in a statement said “We have also raised our concerns with the chief ministers of both the states. During our meetings, both instructed the senior officials to look into the matter.”
They wanted the cement manufacturers to avoid cartelisation to affect an increase of up to 50 per cent in both the states and roll back the steep hike to a justifiable increase in prices. Such unreasonable increases in prices would affect the common man and act as a roadblock to the development of the country, the JAC said.