The saria price hike across major Indian markets is increasing the cost of house construction, with TMT steel rates rising by as much as Rs 7,000 per metric tonne between 19 August and 5 October 2026, according to a report by Aaj Tak Business.
The latest rates show that prices have climbed in cities and steel markets including Mumbai, Raigarh, Raipur, Hyderabad, Chennai and Goa. The increase affects a key construction input used for structural reinforcement in homes and other buildings. Since TMT steel is a major component of the construction budget, changes in its price directly affect the material cost of self-built houses.
Mumbai recorded a rise from Rs 47,300 per metric tonne on 19 August to Rs 53,000 on 5 October, an increase of Rs 5,700. In Raigarh, the rate increased from Rs 41,500 to Rs 48,400, while Raipur saw prices move from Rs 42,300 to Rs 48,500 over the same period.
The largest rate among the listed markets on 5 October was recorded in Goa at Rs 54,600 per metric tonne, up from Rs 48,400 in August. Bhavnagar followed at Rs 54,500, compared with Rs 48,000 earlier. Hyderabad and Chennai both recorded rates of Rs 52,500, although Hyderabad’s August rate was Rs 45,800 and Chennai’s was Rs 47,500.
Other markets also reported higher prices. Rourkela’s rate rose from Rs 42,500 to Rs 49,400, while Jalna recorded an increase from Rs 46,000 to Rs 52,300. Across the listed locations, the rise ranges from Rs 5,500 to Rs 6,900 per metric tonne, with the overall increase described in the report as close to Rs 7,000 in some markets.
The quoted rates do not include 18% Goods and Services Tax. The final amount paid by buyers will therefore be higher after GST is added. Actual purchase prices may also depend on the supplier, brand, grade, quantity and local delivery costs, although these factors were not detailed in the supplied report.
The increase follows a period of lower prices in May and June 2026, after which rates began moving upwards again. For households planning construction, this means that the timing of material purchases can affect the overall project budget. However, the report does not provide a projected price trend or explain the specific factors behind the latest market movement.
Daily rate changes can be checked through the Ironmart website, ayronmart.com, which publishes updates for TMT steel prices. The listed rates are separate from the applicable 18% GST, and buyers need to account for the tax when estimating the cost of construction materials.
