Construction cost of realty projects may rise 3-5% in 2026: Report

The construction cost of real estate projects is expected to rise by 3-5% in this calendar year due to high costs of labour, steel, diesel, and cement, according to JLL India. Realtors' bodies CREDAI and NAREDCO said that the real estate sector has started witnessing a shortage of building materials and construction costs could rise if the US-Israel-Iran war continues.