Realty companies upbeat on GST reforms, expect better affordability

Real-estate firms have welcomed the Goods and Services Tax Council’s reforms, expecting better affordability for buyers, spurring demand, while lower input costs are likely to support developers and enhance project viability. The council has reduced the rate on cement from 28 per cent to 18 per cent, while the rate on sand lime bricks or stone-inlay work and granite blocks has been reduced to 5 per cent from 12 per cent. Read Article