Real Estate Set to Surge after GST Cut on Cement, Construction Materials

Udit Jain, Director, ONE Group, said, "For homebuyers, every rupee counts, and the GST cut on cement brings real relief. Lowering input taxes directly softens construction costs, which means developers have more headroom to keep entry-level housing within reach. At a time when rising prices often push buyers into delay, this step can be the trigger that converts aspiration into action."

Ashwani Kumar, Pyramid Infratech, said, "Reducing GST on key construction materials is likely to highly benefit the real estate and infrastructure sector. Lowering down the GST rate of 28 percent to 18 percent on cement will make a substantial difference in the project cost for the developer community hence enabling them to pass on the benefits to homebuyers. The announcement, coming at a time of the festive season, infuses positive sentiments in the market as it’s a strategic reform that will enhance homebuyers' affordability while empowering developers to deliver projects more sustainably and profitably.”

Sunny Katyal, Co-Founder, Investors Clinic, said, "Reduction in GST rate on construction materials such as cement, sand, and bricks, while on the one hand will propel real estate growth, it will also provide momentum to infrastructural development. Moreover, the reduction in GST on most goods will also have a multiplier effect and boost economic growth, which in turn will also benefit the real estate sector."

Harvinder Singh Sikka, Chairman, Sikka Group, said, “This decision by the government has brought relief not only to the real estate sector but to the entire construction industry. Reducing GST on cement from 28 percent to 18 percent and on basic materials like bricks and sand from 12 percent to 5 percent will lower project costs and make timely delivery easier. Coming during the festive season, this move will strengthen homebuyers’ confidence and infuse fresh energy into the market. At the same time, faster infrastructure growth will generate more employment opportunities, directly benefiting the economy.”