GST rate reductions on construction materials are set to impact India’s housing sector. BPTP CEO Manik Malik anticipates improved affordability, especially in the mid-income segment. He expects increased buyer confidence and market liquidity. The reforms should boost project feasibility and new launches in markets like NCR. Developers will reassess cost models, potentially leading to competitive pricing and timely project execution.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets