Mumbai Cement Prices: Everything You Need To Know
Mumbai Cement Prices: The cost of cement has increased dramatically in India during the last few years. The string of international problems raised logistical expenses, which directly affected cement prices across the nation. What is Mumbai’s most recent cement prices, and how is the city’s real estate market doing? Cement manufacturing has decreased globally during the previous five years. With over 7% of the world’s production capacity, India is the second-largest manufacturer of cement. In contrast, India consumes the least cement per person among the top cement-producing nations.
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India consumes 200–250 kg less cement per person than the typical person worldwide (500–550 kg). With global events like COVID-19 as well as the Ukraine-Russia Conflict, the consumption capacity significantly decreased. As a result of these events, the price of fuels like coal and petroleum coke increased, and cement costs followed suit. This slowed the development of numerous infrastructural and real estate projects across India. Mumbai cement costs increased by more than 10% in the previous year, and there has been no relief.
However, the government’s sustained emphasis on affordable housing & infrastructure projects, as was evident in the Union Budget 2023–24, will promote domestic cement production, and it is projected that the cost increase will slow down in the future. In 2023, it is anticipated that India’s cement producers will increase global cement production by 80 million tonnes. Moreover, this capacity is anticipated to increase by about 6% CAGR until 2028.
Industry leaders in the Indian cement sector
A total of 20 businesses control over 70% of the Indian cement market. India has 210 cement manufacturing facilities spread out across the nation. South India is where the majority of these plants are found.
The top five cement producers in India are shown below:
- The largest cement producer in India is UltraTech Cement Ltd. The business makes ready-mix concrete, white cement, and grey cement (RMC)
- Ambuja Cement, which is a subsidiary of LafargeHolcim, has a market share of 21%.
- Around 6% of the cement market in India is controlled by ACC Cements. The company has 17 cement facilities, 75 ready-mix concrete plants, and a dealer network of more than 50,000.
- Founded in 1979, Shree Cements Ltd. produced 29.30 million tonnes of cement in 2022.
- According to revenue, Dalmia Bharat Ltd. is the fifth-largest cement producer. The business is well known for making super-specialty cement used in oil wells, railway sleepers, and airstrips.
Mumbai’s price list for cement
Below are the most recent cement prices from Mumbai’s leading cement manufacturers.
| Cement Brand | Price/ 50 kg bag |
| Ambuja Cement | Rs 435 |
| J.K. Laxmi Cement | Rs 420 |
| UltraTech Cement | Rs 425 |
| Shree Cement | Rs 320 |
| JK Laxmi Pro Plus | Rs 438 |
| Hathi Cement | Rs 350 |
| ACC Cement | Rs 370 |
| Birla Cement | Rs 420 |
| Dalmia Cement | Rs 420 |
| Jaypee Cement | Rs 400 |
| Ramco Cement | Rs 430 |
What effect cement prices have on the property market
Industry studies indicate that during the past year, construction costs have climbed by 10–12%. Also, from March to the end of 2022, the cost of raw materials like steel and cement increased by about 20 percent.
Following the epidemic, the real estate market is gradually catching up and meeting the repressed demand. Any large increase in raw material costs is unfavorable for the real estate industry. The increase in the price of raw materials causes developers to overspend on final construction, which raises the value of properties even more.
According to CRISIL, the average cement price rose to Rs 395 per 50 kg bag at the start of 2022, increasing by roughly 12 to 15 percent annually. In June 2022, rates rose by an additional Rs 25–30 per bag. As a result, building a home these days is pricey. Key raw commodities including steel, PVC pipes, sand, and coarse aggregates have all suffered price increases.
The price of building a home in Mumbai
Mumbai has a higher population density than the rest of the country, and there is a shortage of space, so construction costs are higher there. The largest portion of the costs expended, about 60%, is attributable to material costs, followed by labour costs as well as the contractor’s profit margin. A 1,000 square foot house in Mumbai might cost anything between Rs 35 lakh & Rs 50 lakh, depending on the material quality
So, if you are intending to build a home in Mumbai, it is essential to assess the current input cost as well as other aspects, especially if you have chosen to take out a home loan.
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