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Hindustan Times
3 days ago
- Business
- Hindustan Times
Will the government's proposal for two GST slabs—5% and 18%—under a revamped tax regime benefit homebuyers?
The Central government has proposed two tax rates of 5% and 18% in the revamped goods and services tax (GST), slated to replace the current indirect tax regime by Diwali this year, according to media reports. The Central government has proposed two tax rates of 5% and 18% in the revamped goods and services tax (GST), slated to replace the current indirect tax regime by Diwali this year. (Representative photo) (iStockphoto)(MINT_PRINT) While the presently nil or zero per cent GST tax is charged on essential food items, 5% is charged on daily use items, 12% on standard goods, 18% on electronics and services, and 28% on luxury and sin goods, the revamped GST regime will have two slabs plus a special rate of 40% for luxury and 'sin' goods. The development comes hours after Prime Minister Narendra Modi, during the Independence Day address, promised next generation Goods and Services Tax (GST) reforms as a Diwali gift for the country. In real estate, construction materials attract varying GST rates, cement at 28%, steel at 18%, paint and varnishes at 28%, ceramic tiles at 18%, and sanitary ware at 18%. Services like architectural design and project management are taxed at 18%. These rates directly influence project costs and, in turn, housing prices. Under construction real estate projects attract GST of XX and ready-to-move-in YY%. Under-construction residential property attracts 5% GST (1% for affordable housing), while ready-to-move-in property with an occupancy certificate attracts no GST. Also, under the proposed GST structure, most goods and services would fall under either the 5% or 18% slab, replacing the current 5%, 12%, 18%, and 28% rates. However, even if the government cuts indirect taxes, the key question remains: will developers pass on the savings to homebuyers, or retain them to protect profit margins, say experts. 'A reduction in GST on under-construction homes would provide much-needed relief, making housing more affordable and boosting sentiment in the real estate sector,' says Vikas Bhasin, MD of Saya Group, a luxury real estate developer. Agrees Pradeep Aggarwal, founder and chairman, Signature Global (India), 'The housing sector stands to benefit from these reforms, as moving to a two-slab structure will not only make GST compliance easier for real estate developers, but also help rationalise input costs, improve cash flows and eventually reduce the cost of homes for buyers.' Lower input costs may boost affordability Currently GST in the real estate sector applies through multiple rates. Affordable housing projects attract a GST of 1% without input tax credit. On the other hand, non-affordable housing attracts a GST of 5%. Affordable housing is officially defined as a residential unit up to 60 sq. m carpet area in metropolitan cities and 90 sq. m in non-metros) and priced up to ₹45 lakh. Let us take the case of cement which is a key input. If GST on cement reduces from 28% to 18%, developers will see a significant reduction on construction costs. GST proposals: A 10%–20% reduction in overall taxation would make property more affordable, say financial experts.(HT Graphic) 'Even if the government reduces indirect taxes, the real question is whether developers will pass on the benefit to homebuyers. There's a possibility they may retain it to safeguard their margins, rather than lowering prices,' says Abhishek Kumar, founder and chief investment advisor of SahajMoney, a financial planning firm. Affordable housing rates are likely to change substantially, if the concessional tax treatment continues. However, luxury housing can see higher indirect costs if high-end fittings and finishes fall under the 40% luxury rate, say experts.. Push towards formalisation of property deals Experts believe that revision of GST rates could do more than trim costs. It has the potential to bring a structural shift in the way real estate transactions are conducted. With the lowering of the overall tax burden, the sector could witness higher compliance, reduced cash dealings and a greater flow of transactions through formal channels. Also Read: Is Gurugram's luxury real estate boom sustainable? Experts weigh in on price and demand trends 'A 10%–20% reduction in overall taxation would make property more affordable, spur transactions, and shift dealings into the formal economy, a major boost for India's largely cash-oriented real estate sector,' says B. Srinivasan, director and founder, Shree Sidvin Investment Advisors. Anagh Pal is a personal finance expert who writes on real estate, tax, insurance, mutual funds and other topics
Business Standard
09-07-2025
- Business
- Business Standard
Don't miss the Last Few Ready-to-move-in Units at Saya Gold Avenue, Indirapuram--offered at New Launch Rates in the Area
NewsVoir New Delhi [India], July 9: Over the past decade, Gurugram and Noida have consistently captured the spotlight as NCR's most dynamic real estate hubs. Backed by robust infrastructure, sustained corporate demand, and a steady influx of premium residential and commercial projects, these cities have emerged as aspirational destinations for homebuyers and investors alike. However, Ghaziabad--particularly Indirapuram--is now reclaiming its place on the real estate map with renewed momentum and high-profile launches that are reshaping perceptions. Developers such as Saya Group, ATS, Express Builders, and a few other reputed names have significantly shaped and elevated the residential landscape of Indirapuram. However, the recent launch of Prestige City Indirapuram by one of India's leading developers has brought unprecedented attention back to this vibrant micro-market. The project not only added much-needed modern inventory but also signalled strong developer confidence in Indirapuram's potential as a high-demand urban destination. Indirapuram's appeal, however, goes far beyond one marquee project. The locality has been steadily gaining ground because of its strategic connectivity to Delhi, Noida, and other parts of Ghaziabad. With seamless access via National Highway 24, the Delhi-Meerut Expressway, and multiple metro stations, the area has become exceptionally well-connected to job hubs, industrial clusters, and social infrastructure. For many families and professionals who need to commute frequently, Indirapuram strikes the right balance between accessibility and quality of life. According to reports, the new offering by Prestige Group has been launched at an introductory price starting from Rs. 12,500 per sq ft. While new projects take 3-4 years to be ready for possession, those seeking a ready-to-move-in apartment in a similar price range can consider Saya Gold Avenue--a landmark development that has set new benchmarks for premium living in Ghaziabad. Offering last few ready-to-move-in inventory, a blend of luxury amenities, and thoughtfully designed residences, Saya Gold Avenue has been a preferred choice for end users seeking immediate possession without compromising on specifications or lifestyle aspirations. Saya Gold Avenue is already home to more than 1,400 families. Commenting on the rising profile of Indirapuram, Mr. Vikas Bhasin, CMD, Saya Group said, "Indirapuram has evolved into one of the most promising real estate destinations in NCR for both end-users and investors. Its excellent connectivity with Delhi and Noida, thriving industrial ecosystem, and a well-developed office market have driven steady demand. Moreover, major infrastructure projects like the Delhi-Meerut Expressway and expanding metro corridors have transformed the area's accessibility and liveability. As more people prioritise ready-to-move-in homes in well-established neighbourhoods, Indirapuram stands out for offering a blend of convenience, value, and modern urban living." Other notable projects in the vicinity, such as ATS Advantage and Shipra Srishti, further reinforce Indirapuram's reputation as a mature micro-market with robust social infrastructure--schools, hospitals, shopping centres, and recreation facilities all within easy reach. From an investment perspective, Indirapuram's growth trajectory is anchored by several positive fundamentals. The area offers comparatively attractive pricing when measured against neighbouring markets like Noida and Delhi, making it an appealing option for both end users and investors. Its well-established infrastructure and robust civic amenities add to the overall liveability quotient. Additionally, there has been consistently high absorption of inventory, with low vacancy rates in quality residential projects, reflecting steady demand. The continued interest from reputed developers who are launching premium gated communities further reinforces Indirapuram's position as a promising destination for real estate investment. As NCR's real estate continues to expand outward, Indirapuram is perfectly positioned to attract a new generation of homebuyers seeking modern homes with strong connectivity and reliable social infrastructure. With developments like Prestige City Indirapuram and Saya Gold Avenue setting benchmarks, the locality is poised to shine even brighter in the years to come.
The Wire
09-07-2025
- Business
- The Wire
Don't miss the Last Few Ready-to-move-in Units at Saya Gold Avenue, Indirapuram—offered at New Launch Rates in the Area
New Delhi, Delhi, India (NewsVoir) Over the past decade, Gurugram and Noida have consistently captured the spotlight as NCR's most dynamic real estate hubs. Backed by robust infrastructure, sustained corporate demand, and a steady influx of premium residential and commercial projects, these cities have emerged as aspirational destinations for homebuyers and investors alike. However, Ghaziabad—particularly Indirapuram—is now reclaiming its place on the real estate map with renewed momentum and high-profile launches that are reshaping perceptions. Developers such as Saya Group, ATS, Express Builders, and a few other reputed names have significantly shaped and elevated the residential landscape of Indirapuram. However, the recent launch of Prestige City Indirapuram by one of India's leading developers has brought unprecedented attention back to this vibrant micro-market. The project not only added much-needed modern inventory but also signalled strong developer confidence in Indirapuram's potential as a high-demand urban destination. Indirapuram's appeal, however, goes far beyond one marquee project. The locality has been steadily gaining ground because of its strategic connectivity to Delhi, Noida, and other parts of Ghaziabad. With seamless access via National Highway 24, the Delhi-Meerut Expressway, and multiple metro stations, the area has become exceptionally well-connected to job hubs, industrial clusters, and social infrastructure. For many families and professionals who need to commute frequently, Indirapuram strikes the right balance between accessibility and quality of life. According to reports, the new offering by Prestige Group has been launched at an introductory price starting from Rs. 12,500 per sq ft. While new projects take 3–4 years to be ready for possession, those seeking a ready-to-move-in apartment in a similar price range can consider Saya Gold Avenue—a landmark development that has set new benchmarks for premium living in Ghaziabad. Offering last few ready-to-move-in inventory, a blend of luxury amenities, and thoughtfully designed residences, Saya Gold Avenue has been a preferred choice for end users seeking immediate possession without compromising on specifications or lifestyle aspirations. Saya Gold Avenue is already home to more than 1,400 families. Commenting on the rising profile of Indirapuram, Mr. Vikas Bhasin, CMD, Saya Group said, 'Indirapuram has evolved into one of the most promising real estate destinations in NCR for both end-users and investors. Its excellent connectivity with Delhi and Noida, thriving industrial ecosystem, and a well-developed office market have driven steady demand. Moreover, major infrastructure projects like the Delhi-Meerut Expressway and expanding metro corridors have transformed the area's accessibility and liveability. As more people prioritise ready-to-move-in homes in well-established neighbourhoods, Indirapuram stands out for offering a blend of convenience, value, and modern urban living.' Other notable projects in the vicinity, such as ATS Advantage and Shipra Srishti, further reinforce Indirapuram's reputation as a mature micro-market with robust social infrastructure—schools, hospitals, shopping centres, and recreation facilities all within easy reach. From an investment perspective, Indirapuram's growth trajectory is anchored by several positive fundamentals. The area offers comparatively attractive pricing when measured against neighbouring markets like Noida and Delhi, making it an appealing option for both end users and investors. Its well-established infrastructure and robust civic amenities add to the overall liveability quotient. Additionally, there has been consistently high absorption of inventory, with low vacancy rates in quality residential projects, reflecting steady demand. The continued interest from reputed developers who are launching premium gated communities further reinforces Indirapuram's position as a promising destination for real estate investment. As NCR's real estate continues to expand outward, Indirapuram is perfectly positioned to attract a new generation of homebuyers seeking modern homes with strong connectivity and reliable social infrastructure. With developments like Prestige City Indirapuram and Saya Gold Avenue setting benchmarks, the locality is poised to shine even brighter in the years to come. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Fashion Value Chain
09-07-2025
- Business
- Fashion Value Chain
Don't miss the Last Few Ready-to-move-in Units at Saya Gold Avenue, Indirapuram-offered at New Launch Rates in the Area
Over the past decade, Gurugram and Noida have consistently captured the spotlight as NCR's most dynamic real estate hubs. Backed by robust infrastructure, sustained corporate demand, and a steady influx of premium residential and commercial projects, these cities have emerged as aspirational destinations for homebuyers and investors alike. However, Ghaziabad-particularly Indirapuram-is now reclaiming its place on the real estate map with renewed momentum and high-profile launches that are reshaping perceptions. Developers such as Saya Group, ATS, Express Builders, and a few other reputed names have significantly shaped and elevated the residential landscape of Indirapuram. Saya Gold Avenue, Indirapuram However, the recent launch of Prestige City Indirapuram by one of India's leading developers has brought unprecedented attention back to this vibrant micro-market. The project not only added much-needed modern inventory but also signalled strong developer confidence in Indirapuram's potential as a high-demand urban destination. Indirapuram's appeal, however, goes far beyond one marquee project. The locality has been steadily gaining ground because of its strategic connectivity to Delhi, Noida, and other parts of Ghaziabad. With seamless access via National Highway 24, the Delhi-Meerut Expressway, and multiple metro stations, the area has become exceptionally well-connected to job hubs, industrial clusters, and social infrastructure. For many families and professionals who need to commute frequently, Indirapuram strikes the right balance between accessibility and quality of life. According to reports, the new offering by Prestige Group has been launched at an introductory price starting from Rs. 12,500 per sq ft. While new projects take 3-4 years to be ready for possession, those seeking a ready-to-move-in apartment in a similar price range can consider Saya Gold Avenue-a landmark development that has set new benchmarks for premium living in Ghaziabad. Offering last few ready-to-move-in inventory, a blend of luxury amenities, and thoughtfully designed residences, Saya Gold Avenue has been a preferred choice for end users seeking immediate possession without compromising on specifications or lifestyle aspirations. Saya Gold Avenue is already home to more than 1,400 families. Commenting on the rising profile of Indirapuram, Mr. Vikas Bhasin, CMD, Saya Group said, 'Indirapuram has evolved into one of the most promising real estate destinations in NCR for both end-users and investors. Its excellent connectivity with Delhi and Noida, thriving industrial ecosystem, and a well-developed office market have driven steady demand. Moreover, major infrastructure projects like the Delhi-Meerut Expressway and expanding metro corridors have transformed the area's accessibility and liveability. As more people prioritise ready-to-move-in homes in well-established neighbourhoods, Indirapuram stands out for offering a blend of convenience, value, and modern urban living.' Other notable projects in the vicinity, such as ATS Advantage and Shipra Srishti, further reinforce Indirapuram's reputation as a mature micro-market with robust social infrastructure-schools, hospitals, shopping centres, and recreation facilities all within easy reach. From an investment perspective, Indirapuram's growth trajectory is anchored by several positive fundamentals. The area offers comparatively attractive pricing when measured against neighbouring markets like Noida and Delhi, making it an appealing option for both end users and investors. Its well-established infrastructure and robust civic amenities add to the overall liveability quotient. Additionally, there has been consistently high absorption of inventory, with low vacancy rates in quality residential projects, reflecting steady demand. The continued interest from reputed developers who are launching premium gated communities further reinforces Indirapuram's position as a promising destination for real estate investment. As NCR's real estate continues to expand outward, Indirapuram is perfectly positioned to attract a new generation of homebuyers seeking modern homes with strong connectivity and reliable social infrastructure. With developments like Prestige City Indirapuram and Saya Gold Avenue setting benchmarks, the locality is poised to shine even brighter in the years to come.
