September 21, 2025

The excitement buzzed at a property show on the eve of September 21, 2025, right before the new GST slab system kicked in! Visitors eagerly listened to real estate developers explain their projects, but guess what? GST was not a hot topic. Why? Because developers decided to eat the GST cost themselves to keep prices sweet. "We have decided to absorb the GST ourselves and don’t include it in the overall pricing. It will be intimidating if we add that too," said Sandeep Reddy, Director of Aditya Construction Company. For two ready-to-move projects, they didn’t charge GST at all, and the third project’s plan is still brewing. Here’s the scoop: GST on cement dropped from a spicy 28% to a cooler 18%! This change can trim property prices by 3-5%, which means more smiles for home buyers. Gopinath, CEO of the South Indian Cement Manufacturers’ Association (SICMA), shared, "Cement being a core input in housing, infrastructure, and industrial projects, the lower tax rate will reduce construction costs, benefiting home builders, affordable housing, and public infrastructure." Big players like CG Sathish, Deputy MD of Casagrand, kept the wheels turning: "Our business strategy is anchored in long-term planning and demand dynamics, and all our launches are progressing as scheduled. The GST reduction is a welcome structural reform that will strengthen affordability and sentiment in the medium to long run, but it has not impacted our immediate cycle." Business is booming, and bookings aren’t slowing down because buyers look beyond taxes—they crave good location, quality, and timely delivery. Ranjeeth Rathod, MD of DRA, felt cool about the GST changes too. "It is marginal. There has been no slowdown and demand is still good. We are launching three projects in the next two months," he revealed. Adding more spice, Gopalakrishnan J, ED & Group CEO of Shriram Properties Ltd, said, "Barring seasonal interruptions (due to inauspicious seasons in the South), we have not seen any slowdown linked to the GST cut itself. In fact, most buyers have continued to take a long-term view, making purchase decisions based on lifestyle needs, financial planning, and the trust they place in developers." He strongly believes the GST cut will pump up confidence and help the housing market grow in a healthy way. "We believe this reform will benefit both homebuyers and developers, creating healthier market dynamics and contributing meaningfully to India’s housing growth story," he added. So, the new GST slab has stirred the real estate pot, but it’s a tasty mix! Prices stay friendly, projects roll out on time, and buyers keep their eyes on the prize — a perfect home. With cheaper cement and stable demand, India’s housing market looks ready to sparkle.

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Tags: Gst slab, Real estate, Cement tax, Property price impact, Housing demand, Gst cut,