With the sudden rise in the prices of cement, developer's apex body CREDAI chairman Lalit Kumar Jain has expressed his concern and said it would have an adverse effect on the real estate and infrastructure sectors which are already reeling under crisis due to high input costs.

Jain, who is also the CMD of Mumbai-Pune developer Kumar Urban development (KUL) said CREDAI will plan to file a complaint with CCI against the ''illogical'' price hike as this  creates pressure on developers to increase sale price of homes.

''Cement prices have increased from Rs 120 to Rs 320 over the past few years,'' he said.

''Usually, monsoons bring down the number of constructions, so the prices too slip. This helps to average out the yearly pricing parameter which has been the norm. It is therefore the cement price hike is unjustified,'' he said.

''The costs of inputs like steel, labor, funding, etc. have been on the rise, contributing to the increased cost of homes and we are fighting against this trend,'' Jain said.

''Steel prices that have gone up from Rs 47,000 to Rs 52,000 per ton, labor cost has increased by 20%, building products like electrical, wood, paint and sanitary ware by 5%. Thus, the construction cost will overall see a nearly 20 percent hike,'' he explained.