Trading community in general has lauded the GST Council decision on Goods and Services Tax rate cut on real estate.
Director General of Confederation of Indian Industry (CII) Chandrajit Banerjee said the GST Council’s decision will address the needs of home buyers and boost offtake of housing.
National Real Estate Development Council President Niranjan Hiranandani lauding the decision, said this will give big relief to the home buyers.
Terming the decision as revolutionary, CREDAI President Jaxay Shah said, this move is a significant triumph for home buyers and will play a huge hand in boosting their sentiments.
Finance Minister Arun Jaitley said the GST reduction will certainly give boost to construction sector.