New Delhi, September 6, 2025: The 56th meeting of the Council of Goods and Services Tax (GST) has approved the reforms announced on 15 August 2025 by Prime Minister Shri Narendra Modi. These reforms are considered one of the land that focuses on providing an important lighting to the common man of India by simplifying the tax burden on essential goods and services, compliance with business growth and promoting total economic growth.
The real estate sector of India has enthusiastically welcomed the move. Experts have noticed in particular that the reduction of GST from 28% to 18% on cement and marbles, and from 12% to 5% on granite blocks, would lead to an overall decrease in the final costs of residential units, to which home buyers consider considerably.
“We Wholeheartedly Welcome the GST Council’s Move on rate rationalization Ahead of the Festive Season. By reducing the tax burden, The Move Comes as a Major Relief for the Common Man. The Housing Sector, Participularly, Stands to Cement Materials Blocks from 12% to 5%, as this will ultimately reduce home prices for consumers and create sustainable demand Across segments, “Said Mr. Pradep Aggarwal, founder and chairman, Signature Global (India) Ltd.
“This reform gives a big push to the housing sector that makes home ownership more accessible to a broader population,” he added.
Mr Ashok Kapur, chairman, Krishna Group and Krisumi Corporation, Said: “The decision of the GST Council to properly approve the implementation of the next generation GST reforms is a crucial step to simplify India’s tax structure and to stimulate economic growth. For real estate, these reforms are particularly important because they will benefit directly from reduced taxes such as losing the congestion of houses, and the marblebloks, and the and the marmerbloks and the and the marmerbloks and the and the marmer, and the and the marmer, and the and the marmer, and and the and the marmer, and the and the marmer and marble and the and the marmer and marble and and the pride and the and the marble and marble and and the marmer and marble and and the and the marble and marble-stretch and For Thuisbuyers. “
Mr. Sumit Agarwal, director, Ashtech GroupSaid: “The movement of the government to reduce GST on cement, marble and other important inputs will considerably reduce construction costs in both real estate and infrastructure. This is an important step that is expected to not only alleviate the burden for developers, but also encourages the demand and will also give a strong boost for industry as a whole.”
Mr. Vikas Bhasin, director, I Group, Said: “We welcome the government’s decision about the rationalization of broad GST rate, which will benefit the public.
The reduction of GST on cement is also a positive step and will help alleviate construction costs. However, it is important to note that building materials are only around 25-30% of the total costs of real estate projects, and cement is only one of the many inputs. That is why the impact of this step on the final prices will be limited. “
Mr. Deepak Kumar Jain, founder and CEO of TaxManager.in, said: “Real estate, one of the most labor-intensive sectors, is expected to win considerably from the reduction of the GST rates of 28% to 18% on important building materials such as cement, tiles and other inputs. This step will help to a certain extent.
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