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Housing construction costs in Indian cities rose 39% over four years, driven by higher labor and material expenses.
The average cost of constructing housing projects in major Indian cities has climbed 39% over four years to Rs 2,780 per sq ft, driven by higher material and labor costs.
Labor costs have surged by 25% in the last year, contributing to an 11% increase in construction costs.
To manage these costs, developers are optimizing budgets, enhancing supply chain management, and investing in automation and training for skilled labor.
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Los costos de construcción de viviendas en las ciudades indias aumentaron un 39% en cuatro años, impulsados por mayores gastos de mano de obra y materiales.