CREDAI to boycott Shri Cement
The National Capital Region (NCR) division of the Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided to boycott Shree Cement due to complaints of alleged inconsistent price increases and shortages of cement. CREDAI also intends to file a complaint with the Competition Commission of India.
Reportedly, Shree Cement is arbitrarily increasing prices and stopping supply in between, demanding a price revision, despite taking an advance. Through excuses such as plant not functioning properly and issues with transportation the company is not meeting the delivery deadlines, thereby affecting the builders’ construction timelines.