Realtors' body CREDAI has written to the Prime Minister's Office (PMO) for regulating steel prices that have gone up sharply in last two years leading to a rise in construction cost of real estate projects. The Confederation of Real Estate Developers' Associations of India (CREDAI), in a letter to the PMO today, has requested the government to intervene in this matter and arrest undue hikes in the prices of steel. Steel prices have shot upwards from Rs 29,000-32,000 per tonne in 2016 to Rs 51,000-54,000 per tonne, CREDAI said in a statement.