A materials price variance would not be caused by requiring laborers to work overtime. The whole cost of construction materials, including planning, design, labor, and material costs, ranges from 1000 to 1500 rupees per square foot.
The cost of the materials price is influenced by the type and quality caused of the building materials. The rising cost of raw materials is terrible news for the Indian real estate market, which is recovering from the pandemic. The business is in good shape since home loan rates are at an all-time low and there is plenty of unmet demand in the market.
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