India, April 29 -- Abhishek Lodha, CEO and MD of Lodha Developers, has said the impact of the Middle East crisis on construction costs is currently around 3-5% of overall costs. He noted that gas-dependent material categories have been the most affected, while the overall impact on margins remains 'very nominal.'

Lodha said there was a sales shortfall in March from NRIs based in the Middle East, along with some moderation in deal closures in the luxury segment, as homebuyers reacted to the sudden developments.

Speaking during the Q4FY26 earnings call, Lodha said the impact is likely to be temporary, driven by the immediate shock of the event, and he does not expect any sustained segment-wise slowdown unless there is a prolonged energy s...