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

Post-Budget Expectation Quote by Jayesh Rajpurohit, Co-Founder and CEO of Brick & Bolt

New Delhi, February 03, 2025: The Union Budget 2025-26 offers a strong push to this…

4 hours ago

Views on Retrospective GST Input Tax Credit Amendment, Commercial Space by Vimal Nadar, Head of Research at Colliers India

New Delhi, February 03, 2025: There was an ongoing dispute between commercial real estate companies…

5 hours ago

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