Our latest report explores the impact of the latest GST reforms on the real estate sector, effective 22 September 2025.
This analysis examines how the revamped GST regime simplifies taxation, lowers construction material costs, and aims to make real estate more affordable across asset classes.
Key highlights
-The September 2025 GST reform simplifies taxes from five to four slabs with a new 40% slab applying to most luxury goods.
- Significant tax cut on construction materials like cement, paints and tiles aims to reduce overall construction costs.
- Construction costs across real estate asset classes are expected to decline in the range of 2.5% to 4.4%.
-GST on rental lease for commercial, manufacturing and warehousing properties remains the same at 18%.
- Investments across all asset classes are set to have higher ROI potential and lower project risks.
There’s a whole lot more in our report.
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