Cementing long-term real estate growth

The recent announcements on GST have positive implications for home seekers; real estate analysts explain the benefits

- Prerna Mistry

As Dussehra draws near, home seekers have brighter smiles and greater expectations for booking their dream home this year. The peak festive season phase is all set to offer them a sweeter deal thanks to some of the decisions taken at the 56th meeting of the GST Council held on September 3, 2025. Let's examine some of the benefits we can look forward to, as shared by real estate analysts and association heads.

Dr. Samantak Das, Chief Economist and Head of Research & REIS, India, JLL, explaining the significance of the announcement, said, “In India, developers do not get the full benefit of Input Tax Credit (ITC) in real estate and hence the high GST rate on cement, currently at 28%, adds to the final apartment cost.

The government's decision to bring down the GST rate to 18% is a welcome move. The impact of this reduction in rate will vary across different segments of the real estate market.”