India, March 11 -- The ongoing US-Israel-Iran war has tempered sentiment in Mumbai's real estate market, with some homebuyers adopting a wait-and-watch approach over the past 10 days. Real estate experts say that while some buyers have deferred booking decisions and delayed closing transactions amid the uncertainty, overall activity has not stopped. The impact has been most noticeable in the Rs.10-crore-plus segment, they said.

According to a sales executive at a leading real estate firm in Mumbai, some buyers in the luxury segment are pausing purchase decisions until there is greater clarity on the evolving geopolitical situation.

"It is not like transactions are not closing. We closed a few deals in Worli over the last few days, both ...