Iran War: Luxury Housing Prices Soar as Imported Material Costs Surge

• India's luxury housing segment faces price hikes due to increased costs of imported construction materials like marble, glass, and premium fittings.
• Supply disruptions from the US-Israel war on Iran are driving up prices, impacting high-end residential projects in Gurugram, Mumbai, and Bengaluru.
• Imported Italian marble, high-performance façade glass, and designer sanitary ware from Europe and West Asia are particularly affected.
• Fuel-linked cost increases in logistics and processing, along with rerouting fees, add significant premiums to materials like Italian Statuario and Calacatta marble.
• Developers anticipate over 5% price hikes for luxury projects, with the impact most visible in new inventory and projects in early construction stages.