Hyderabad, March 20 -- The prices of flats in Hyderabad may increase as the global shipping crisis begins to impact the real estate market.

The disruption caused by the Strait of Hormuz blockade has raised the cost of construction materials and delayed their supply.

Rerouting of ships

According to a report by real estate consulting firm Anarock, due to the rerouting of ships, delivery of key construction materials is now taking 10 to 20 days longer than usual.

At the same time, shipping costs have increased by around Rs 1.5 lakh to Rs 3.5 lakh per container. These rising expenses are directly affecting the real estate market and may lead to higher prices for flats in Hyderabad.

Steel, which is a major material used in construction, h...