Goa CM Says Ministers Support Minimal GST on Housing
Real Estate

Goa CM Says Ministers Support Minimal GST on Housing

Chief Minister Pramod Sawant stated that the recently reconstituted group of ministers (GoM) on the real estate sector believed that the Goods and Services Tax (GST) on housing should be kept to a minimum to ensure housing affordability for the common man. He noted that the final decision would be made at the next meeting, scheduled to be held in Goa on either September 23 or 24. Sawant, who leads the GoM, mentioned that the issue of GST on housing was a major topic of discussion in the GoM's meeting. The GoM also emphasised the need to support the real estate sector under GST.

Sawant highlighted that the meeting addressed three significant issues: GST on properties leased by the government for over 30 years, matters related to housing societies, and the potential imposition of GST on redevelopment projects. He indicated that this was the first meeting held after four years.

Additionally, Sawant mentioned that another topic of discussion was whether a minimum GST should be applied to houses that have undergone redevelopment. He also noted that the state government had been asked to provide data on housing societies and industrial plots. Proposals had been submitted by West Bengal, Punjab, and Maharashtra, and all states had been requested to submit their redevelopment schemes and report revenue losses.

Sawant concluded by stating that various issues concerning the real estate sector and the submissions from state governments were reviewed. The council decided to gather updated data from all states on each agenda point to assess the detailed revenue implications and other issues before making any decisions.

Chief Minister Pramod Sawant stated that the recently reconstituted group of ministers (GoM) on the real estate sector believed that the Goods and Services Tax (GST) on housing should be kept to a minimum to ensure housing affordability for the common man. He noted that the final decision would be made at the next meeting, scheduled to be held in Goa on either September 23 or 24. Sawant, who leads the GoM, mentioned that the issue of GST on housing was a major topic of discussion in the GoM's meeting. The GoM also emphasised the need to support the real estate sector under GST. Sawant highlighted that the meeting addressed three significant issues: GST on properties leased by the government for over 30 years, matters related to housing societies, and the potential imposition of GST on redevelopment projects. He indicated that this was the first meeting held after four years. Additionally, Sawant mentioned that another topic of discussion was whether a minimum GST should be applied to houses that have undergone redevelopment. He also noted that the state government had been asked to provide data on housing societies and industrial plots. Proposals had been submitted by West Bengal, Punjab, and Maharashtra, and all states had been requested to submit their redevelopment schemes and report revenue losses. Sawant concluded by stating that various issues concerning the real estate sector and the submissions from state governments were reviewed. The council decided to gather updated data from all states on each agenda point to assess the detailed revenue implications and other issues before making any decisions.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement