The ongoing conflict in West Asia is significantly impacting construction costs in India, with realty developers facing pressure to raise prices for both ongoing and upcoming projects. Input costs have surged by 5-12%, primarily due to increased prices for steel and other materials, which have risen by 20% for steel and 10-15% for metals and fittings. This escalation in costs is expected to push project timelines back by 3-6 months as supply chain disruptions and labor availability challenges persist. Parveen Jain, president of the National Real Estate Development Council (Naredco), noted that fixed revenues from sold projects mean any increase in input costs directly affects profit margins. Smaller developers are particularly vulnerable and may be the first to implement price hikes. Despite these challenges, the luxury housing market continues to show resilience, driven by strong demand. Developers are exploring local sourcing and self-reliance strategies to mitigate the impact of rising costs and supply chain issues.