Categories: National

Commentary: GST rate cut in 2019 and its impact on Indian residential real estate

By Mr. Sankey Prasad, Chairman and Managing Director, Synergy Property Development Services.

New Delhi, January 08, 2018: “The expected lowering of GST on under-construction flats and houses to 5%, as well as hiking exemption threshold for MSMEs by the GST Council would be a welcome move, and pro-industry initiative taken by the government.  We will have to watch and see as to how this move pans out and its possible implications in the long run. However, the general sentiment within the real estate fraternity is upbeat, with the move likely to set the industry on an optimistic path.”

Corporate Comm India(CCI Newswire)

AddThis Website Tools

Recent Posts

Reaction on Union Budget 2025 by Akshat Khetan, Founder, AU Corporate Advisory and Legal Services 

New Delhi, February 01, 2025: The Union Budget 2025 has brought forth significant reforms aimed…

2 days ago

Budget reaction from Dr Niranjan Hiranandani, Chairman, NAREDCO & Hiranandani Group, on Union Budget 2025

Real Estate & Infrastructure Industry Perspective New Delhi, February 01, 2025: From the vantage point…

2 days ago

Budget reaction from Mr. Pradeep Aggarwal, Chairman, Signature Global (India) Ltd., on Union Budget 2025

New Delhi, February 01, 2025: The Union Budget 2025 is a game-changer, reinforcing India's commitment…

2 days ago

Budget reaction from Sudarshan Lodha, Co-Founder & CEO, Strata SM REIT

New Delhi, February 01, 2025: The Union Budget 2025-26 takes meaningful steps toward strengthening India's…

2 days ago

Reaction on Post Budget reaction-Mr. Vijay Jain, Managing Director, Star Estate

New Delhi, February 01, 2025: I am highly encouraged by the Budget's focus on expanding…

2 days ago

Post-Budget reaction by Mr. Ajay Choudhary, CMD of Ace Group on Union Budget

New Delhi, February 01, 2025: The 2025 Union Budget brings strategic reforms set to propel…

2 days ago