GST Rate Cuts to Boost Real Estate, Spur Festive Demand and Economic Growth
Mr. Ankur Jalan, CEO, Golden Growth Fund (GGF), a category II Real Estate focused Alternative Investment Fund (AIF):
The GST rate rationalisation is expected to streamline compliance across industries, enhance operational efficiency, and strengthen tax collections. By stimulating demand in core sectors such as real estate, infrastructure, agriculture, automobiles, healthcare, and education—key pillars of India’s economy—this timely reform is set to boost overall economic activity. It also comes at an opportune moment, paving the way for increased consumption during the upcoming festive season.
Bengaluru-based real estate developer Sanjeevini Group Chairman and Founder, Umesh Gowda H.A:
The next-gen GST reforms aided by declining interest rates will spur consumption demand, bolster the real estate sector and give a boost to the economy. The upcoming festive season may see developers pass on some benefits to the homebuyers to accelerate sales in view of a weak first half of 2025.
Mr. Vijay Harsh Jha, founder and CEO of property brokerage firm VS Realtors:
The cut in GST rate on cement will provide the much-needed fillip to the affordable housing sector, which off late has seen considerable reduction in supply with developers refraining from launching new project due to rising cost and reduced viability. This move will further accelerate the ongoing infrastructure development providing a broader stimulus to the economy and India’s growth story.