Builders ask Govt To Reconsider GST on FSI Charges, Warns of Potential 10% Increase in Housing Prices
CREDAI has strongly opposed the proposed 18% GST on FSI (Floor Space Index) and Additional FSI charges, claiming that it could raise housing prices by 7-10%, making affordable housing projects financially unfeasible. The real estate body has urged the government to reconsider the move, warning that it could lead to stalled developments and disrupt the housing market.
