Festive season, GST rate cuts set stage for housing demand revival: Mohit Goel of Omaxe

GST rate cuts on cement and construction materials are expected to lower developers’ input costs by 2-4%, potentially boosting housing demand, especially in the affordable and mid-market segments. This, coupled with the festive season’s increased inquiries and stable interest rates, creates favorable conditions for new project launches and improved affordability. Developers aim to pass on cost benefits to homebuyers gradually.

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