West: No traction for hikes

West: No traction for hikes

Except for local corrections (Pune), prices remain largely at mid-September levels, when sharp hikes took place.

Maharashtra volumes likely down 30-40% vs normal with subdued demand being attributed to low availability of funds. Builder payment cycles are beginning to stretch out as well, putting working capital pressure on the dealers/stockists. While the demand in Gujarat seems to have revived, appetite for a hike is not present and most volumes are getting absorbed at the lower end of non-trade prices.

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