<h1>Cost Hike in New Parliament Building Due to Material Prices, Labor Wages, GST Rate, and Earthquake Safety Measures</h1> The cost escalation of the new Parliament building and Vice President Enclave was attributed to rising prices of essential materials like steel and cement, increased labor wages, and a GST rate hike, as reported to the Lok Sabha. The Central Vista project, which includes the redevelopment of Central Vista Avenue and construction of the new Parliament building, is completed. Three buildings under the Common Central Secretariat are expected to be finished by May, with another by April 2026. Additional security measures and structural design adjustments for earthquake zone V also contributed to the increased costs.