2025-09-04 02:40:18 pm | Source: Square Yards
Quote on Reduction of GST on construction materials and its impact on the Real Estate sector by Mr Piyush Bothra, Co-Founder and CFO, Square Yards
Below the Quote on Reduction of GST on construction materials and its impact on the Real Estate sector by Mr Piyush Bothra, Co-Founder and CFO, Square Yards
The latest GST restructuring comes as a major boost for the real estate sector. With the reduction in costs of key construction materials such as cement and steel, input expenses for developers are expected to ease, making projects more viable. The move towards a simplified two-slab structure will also streamline compliance, making processes smoother and faster. For the residential segment, this is likely to translate into tangible benefits for homebuyers as developers pass on the savings over the coming months. While the impact may take some time to reflect, it could provide much-needed relief in the backdrop of rising property prices and add to overall affordability. Coupled with the optimism of the upcoming festive season, these reforms are well placed to drive stronger demand in the property market.
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