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Everyone dreams of owning their own house and they work hard to make it come true. But in today’s time, house construction is one of the most expensive works and one has to spend a lot of money to get the house of one’s dreams ready. This is the reason people wait for the prices of building materials to reduce, so that their out-of-pocket expenses can be reduced.
If you are also waiting for this, then this news is going to make you happy. In fact, while the prices of building materials had increased significantly in the beginning of March as compared to February 2024, there was also a rise in the prices of rebar. But, within a week the prices of rebar, which plays the most important role in construction, have fallen from Kanpur to Mumbai.
Bar became cheaper at the end of March
This year, a fall in the prices of rebar (Sariya Rate Fall) was seen in the beginning of 2024 and it continued in the month of February also. But in the beginning of March, its prices were seen increasing instead of falling further. But, in the last one week between March 21 and March 26, iron bars have become cheaper in many cities and its prices have come down. It is noteworthy that among the building materials used in house construction, apart from cement-brick-sand, there is huge expenditure on rebar. Changes in its prices can increase or decrease the cost of construction.
Impact on house construction cost
If there is an increase in the price of iron bars then your pocket money increases and if it falls then it decreases. Talking about the present time, the prices of bars have decreased from Delhi to Mumbai and from Kanpur to Goa. Sariya price has fallen by up to Rs 4,000 in many cities. Let’s take a look at their latest prices in major cities…
TMT Steel Bar Price (Without 18% GST)
| city (state) | 21 March 2024 | 26 March 2024 |
| Kanpur | Rs 48,400/ton | Rs 44,500/ton |
| Ghaziabad | Rs 48,800/ton | Rs 44,500/ton |
| Raipur (Chhattisgarh) | Rs 43,000/ton | Rs 42,800/ton |
| Muzaffarnagar (UP) | Rs 48,400/ton | Rs 44,500/ton |
| Bhavnagar (Gujarat) | Rs 48,400/ton | Rs 48,000/ton |
| Durgapur (West Bengal) | Rs 43,200/ton | Rs 38,600/ton |
| Indore (Madhya Pradesh) | Rs 48,800/ton | Rs 48,700/ton |
| Mumbai | Rs 49,400/ton | Rs 49,000/ton |
| Goa | Rs 48,700/ton | Rs 48,600/ton |
| Jalna (Maharashtra) | Rs 49,400/ton | Rs 48,800/ton |
| Chennai | Rs 47,500/ton | Rs 47,300/ton |
Check the price of your city like this
Check the rate of your city here: 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.
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