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real estate news

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GST

GST Cuts to Lower Costs for Families, Make Homes More Affordable This Festive Season

The GST Council’s decision to slash rates across essential items and housing inputs will lower family expenses and boost property demand. For homebuyers, this festive season could bring better deals, affordability, and a surge in housing activity.
MHADA

MHADA Waives Late Fee in Pune Lottery Case, Hands Over Flat

During MHADA’s 13th Lokshahi Din, a Pune lottery homebuyer got relief after facing delays in payment. MHADA waived a ₹75,000 late fee and ordered possession of the allotted flat to be handed over. A total of 15 citizen applications were heard in the session covering issues across Mumbai, Konkan, and Pune boards.
The GST Council’s landmark reform slashes tax rates on cement and key construction materials from September 22, 2025. Homebuyers stand to gain as lower input costs reduce project expenses by 3–5%, boosting affordability in the mid-income and budget housing segments. Experts including Anuj Puri (ANAROCK) and the Cement Manufacturers’ Association hail the move as transformative, with potential to revive demand and accelerate project launches ahead of the festive season.

GST on Homes: Affordable at 1%, Luxury at 5%, Ready Flats Exempt

Affordable homes attract just 1% GST, under-construction projects 5%, while ready-to-move-in flats are exempt. With cement GST cut to 18%, construction costs may ease, but buyer benefits depend on developers.
GST

Cheaper Cement, Stable GST on Homes: What It Means for Homebuyers

The GST Council has slashed cement tax from 28% to 18%, reducing project costs by up to 4.5%. While GST on properties remains unchanged, the move is expected to support affordability and boost housing supply.

‘We Cut Costs, You Raised Prices’: CM Fadnavis Slams Builders at CREDAI-MCHI Event

At CREDAI-MCHI’s leadership change event in Mumbai, CM Devendra Fadnavis criticised developers for raising home prices despite the government meeting their demands, including premium cuts and infrastructure upgrades.