Ahead of the festive season, the government has slashed GST on key construction materials, making homes cheaper to build.
Families building their own homes will see costs fall. But what about flat buyers in metro cities where builders handle construction? Experts explain.
The GST Council has reduced the tax on cement from 28% to 18%, and on bricks, tiles, and stone fittings from 12% to 5%, with the changes coming into effect from September.
A home costing Rs 20 lakh to build could now save Rs 40,000–Rs 50,000 thanks to lower GST.
Large real estate projects costing crores will save lakhs. If developers pass this on, flats could get cheaper.
Sanjay Sharma, SKA Group says, “GST cuts will lower construction costs, speed up projects, and make homes more affordable. It boosts buyer confidence too.”
Kushagra Ansal of Ansal Housing says, “Lower prices of cement and tiles will ease funding and delivery of projects. A win-win for both industry and buyers.”
From Sandeep Chillar (Landmark Group) to Prateek Tiwari (Prateek Group), experts say reduced GST will bring better deals, flexible payment plans, and higher trust.
Developers hint that up to 60% of savings may reach customers. With timely project delivery and lower costs, this is a festive season boost for homebuyers.