The Telangana unit of the Builders’ Association of India (BAI) has warned of a statewide suspension of construction works from December 1 if the government fails to address long-pending bill clearances. With over Rs 800 crore in dues affecting nearly 8,000 bills, small and medium contractors are under severe financial strain.
The Builders Association of India has urged the Telangana government to drop plans to implement the Hybrid Annuity Model (HAM) for road development. Citing poor toll recovery feasibility and socio-economic risks, the group proposed an alternate constituency-wise road maintenance model.
Cement body accuses Credai and BAI of artificially jacking up prices of flats and houses, says they are holding on to prices despite having a margin of more than 100%
