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Realty prices may fall by up to 5% as tax on cement slashed to 18%
The New Indian Express Madurai
|September 05, 2025
PROPERTY prices could fall by up to 5% following the reduction in goods and services tax (GST) on key construction materials.
The GST on cement has been cut from 28% to 18%, while the tax rate on marble and granite blocks has been reduced from 12% to 5%.
Anuj Puri, Chairman, ANAROCK Group, said the forthcoming GST changes, effective from September 22, 2025, will have a positive impact on residential, retail, and office real estate sectors. Puri added that lower GST on construction materials like cement can reduce construction costs by as much as 3-5%. "Lower construction costs, if passed on to homebuyers, can boost demand in these segments," he added.
This story is from the September 05, 2025 edition of The New Indian Express Madurai.
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