• India's real estate activity has continued to grow exponentially, thanks to expanding urban limits, relaxation of regulatory bottlenecks and inflow of foreign investments
  • However, the continued increase in input costs has posed issues for the industry, with soaring prices of cement and steel being largely responsible for pushing up construction costs
  • Construction costs also vary geographically, with Mumbai being the most expensive in the country and Hyderabad the least expensive
  • GST implementation has led to an about 1% decline in taxation on construction (assuming that construction works components under both warm shell packages and interior works account for an equal share in the costs)
  • The construction industry is likely to enter the next stage of the growth curve in the near future, owing to the technological revolution that is currently underway