Decline in GST for building material will boost the Real Estate trade

28 Nov 2021 CW Team

The real-estate market is recovering and showing signs of positive growth. According to a Reuters poll report, house prices will grow on an average of 15 per cent across India in 2021. More than 50 per cent of Indians in metros believe the festival season, typically the last quarter of the year, is appropriate for investing in real estate. Good initiatives from the government concerning interest subsidies and affordable housing loans are encouraging prospective customers. “We have witnessed an increase in demand especially after the second wave and most building material companies are also geared up for the ongoing festival season in the current quarter,” says Dr Prashanth Reddy, Managing Director, Fundermax India, as he shares his insights on the industry, the rising input costs of building materials, and more, with SERAPHINA D’SOUZA.

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