“GST 2.0: Building homes, cutting costs.”

Lower costs, higher confidence in housing.                                                                                                                                                                                       

GST 2.0 Brings Relief to Real Estate with Lower Material Rates. The real estate sector is set to benefit from the GST Council’s latest tax rationalisation, which slashes rates on key construction materials. Cement, a major cost driver in housing projects, will now attract 18% GST instead of 28%. Marble, granite blocks, sand-lime bricks, and stone inlay work will also see GST reduced to 5%, easing input costs for developers. Industry leaders hailed the reform as a “festive bonanza” for consumers and a boost for India’s economy. CREDAI estimates construction costs could drop by 5%, offering developers relief from high input costs and paving the way for lower prices or improved margins. While the benefits may take time to reflect due to ongoing contracts, experts expect long-term gains in affordability and project launches. By easing material costs, the move strengthens housing demand in a booming market, aligning real estate growth with urban development.