The cost of construction is the highest among asset classes in Mumbai as compared to other metros cities. It is mainly due to the high prices of primary construction materials such as cement, reinforcement steel, structural steel, and stones.

Mumbai's construction cost is 14% more than Hyderabad and Chennai. According to Construction Cost Guide Book, an analysis guidebook by JLL, taking into account other metros like Delhi, Mumbai, Bengaluru, Pune, has an overall average cost increase of 10%. It highlights the construction cost of real estate property in key markets of Mumbai. And includes a...