New Delhi, April 7 -- Rising crude oil prices linked to tensions in West Asia could increase construction costs and create supply chain pressures for India's real estate sector in the near term, according to an analysis by EY.

The analysis noted that while the sector remains largely stable for now, developers are beginning to face cost pressures on key construction materials.

"Construction activity continues normally, impact currently limited to cost pressure and supply chain monitoring," the report said.

It added that rising crude prices are already affecting the cost of several inputs used in real estate projects.

"Rising crude prices will have an adverse impact on cost of production of various industries like cement, steel etc whic...