GST Council's new tax restructuring could significantly reduce construction costs and boost India's real estate market across residential and commercial segments starting September 22.

Real estate industry warns that rising state-level charges could neutralize GST reform benefits on construction materials in India's property sector.

GST rate cuts on construction materials and policy reforms are expected to drive significant growth in India's real estate sector during the festive quarter, with enhanced affordability and renewed buyer confidence across metro and tier-2 markets.