NEW DELHI: Confederation
of Real Estate Developers’ Association of India (CREDAI) NCR chapter has
decided not to procure cement from Ultratech and Lafarge, alleging carelization
and malpractices by these firms.
The developers’ body
said in a statement that the decision has been taken in order to help fair
price determination of key raw materials required for the realty sector. This
announcement stop buying from these companies was made at the AGM held
yesterday.
CREDAI National
President Getamber Anand said to a news agency "We have decided to boycott
Ultratech and Lafarge, as they have not delivered the cement to our members at
the decided price, despite taking advances". He also suggested that the body may on a national strike if the situations did not change.
On the other hand, CREDAI NCR President Manoj Gaur said that there are
about 220 members of CREDAI in the national capital region and all have
unanimously decided to stop procurement of cement from Ultratech and Lafarge."
He alleged that these companies have increased cement prices by 40 per cent and
it seems they are involved in cartelisation. All members of CREDAI NCR have agreed to stop buying from these companies with immediate effect.
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