For realty companies, there's shrinking room for complacency

The Brihanmumbai Municipal Corporation's suspension of water supply to construction sites threatens execution timelines for Mumbai-focused realty developers, with prolonged curbs likely to push costs higher. Pre-sales growth is set to moderate in FY27, and the Nifty Realty index has already slid 9% so far in 2026 amid elevated home prices, foreign fund outflows, and rising interest rate concerns. Of around 207,000 housing units scheduled for 2026 completion in the Mumbai Metropolitan Region, Mumbai alone accounts for a 69% share, making the city particularly sensitive to these disruptions.