The Economic Times

West Asia war's connection to South Mumbai property prices: Why Israel-Iran war could push prices up by Rs 50150 per sq ft

South Mumbai home prices are set to rise. The ongoing Gulf war is increasing construction costs for builders. This could lead to a 5% price hike for luxury apartments. Steel and aluminium prices have surged. Imported fittings also cost more. Buyers may face an additional Rs 50-150 per square foot.