Santosh Agarwal, CFO & executive director of Alpha Corp Development Ltd, said, “The rationalisation of GST slabs represents an important step toward simplifying India’s tax framework and enhancing transparency in the real estate sector. By potentially reducing the tax burden on housing, this reform is expected to strengthen buyer confidence, encouraging more informed and faster decisions. For developers, a predictable and streamlined GST structure could reduce transaction complexities and enable smoother project execution. This reform will provide fresh momentum to the real estate sector, supporting sustained growth and reinforcing India’s position as a dynamic housing market.”
Parvinder Singh, CEO of Trident Realty, said, “The shift to a streamlined GST structure is an impactful reform for India’s real estate sector. With rates on key materials like cement now lower, construction becomes more cost-efficient, giving developers room to build smarter with greater flexibility in pricing. This simplification enhances cost transparency, reduces tax inefficiencies, and offers a more stable environment for long-term planning. For homebuyers, the impact is twofold with greater affordability, and a noticeable uplift in overall value. These savings give us room to do more – invest in smarter layouts, sustainable materials, and the kind of modern conveniences today’s buyers expect. By easing the overall tax load, this reform is expected to make quality housing more accessible while energising demand across key urban markets.”
Yateesh Wahaal, director of M3M India, said, “The GST rationalisation on cement, steel, and other core construction materials is a welcome and progressive step for the real estate sector. It signals the government’s commitment to supporting infrastructure growth and easing cost pressures in a high-input industry. While the overall impact will unfold over time across various asset classes, this move undoubtedly contributes to a more sustainable and cost-efficient development environment. At M3M India, we are closely evaluating the implications, and remain focused on delivering quality and value across all our projects.”
Subhashendra Kumar, CFO of Trehan Iris, said, “We welcome the move towards a simplified two-slab GST structure of 5% and 18%, which marks a progressive step for the sector. The rationalisation of taxation is expected to lower overall project costs, enabling developers to offer more competitive pricing to homebuyers. At the same time, it will bring greater transparency and streamline compliance, thereby improving operational efficiency. Such policy clarity is likely to reinforce buyer confidence, stimulate demand across the housing market, and lay the foundation for sustained long-term growth for both homebuyers and the real estate industry.”
Rahul Singla, director of Mapsko Group, said, “This reform marks a defining moment, not just for taxpayers, but for the real estate sector and homebuyers alike. By reducing GST into a two-slab structure of 5% and 18%, the government has directly addressed long-standing cost pressures on construction and essential goods. Lower input costs will translate into more competitive pricing, enabling developers to deliver quality housing at greater value. For homebuyers, the move enhances affordability and builds confidence at a time when demand is already robust. Real estate is a pillar of India’s growth story, and such structural simplification will accelerate housing uptake, attract investments, and generate a stronger momentum for urban development across the country.”
Ashish Jerath, president (sales & marketing) of Smartworld Developers, said, “The rationalisation of GST is a significant and progressive reform that provides additional purchasing capacity in the hands of buyers. This easing of cost pressures and the availability of more funds will translate into higher purchasing power. A homebuyer is now able to make a purchase decision with greater confidence, knowing that they have spare funds to pay for their EMI. This, along with the Income Tax cut announced earlier this year, will act as a catalyst for real estate demand.”