India, March 23 -- Real estate developers' bodies Credai and Naredco have warned that a prolonged US-Iran war could push up construction costs, as key materials such as steel and tiles become more expensive due to rising fuel and freight costs. This, in turn, may delay project timelines and raise housing prices.

The impact is largely driven by higher crude oil prices and logistics disruptions, which are already feeding into steel and other construction inputs, putting pressure on developers' margins.The two associations, together representing around 20,000 developers, also expressed concern about possible delays in completing real estate projects due to likely shortages of construction materials.Parveen Jain, president, NAREDCO, said the...