GST reform India 2025, real estate tax changes, construction cost reduction, affordable housing GST, luxury housing tax, property prices India, homebuyer benefits, developer margins, Input Tax Credit, construction materials GST

Understand how GST impacts real estate in 2025. Learn applicable tax rates, exemptions, ITC rules, and how to calculate GST on property purchases in India.

The GST Council's GoM proposes increasing the affordable home price barrier from ₹45 lakh to ₹55 lakh. If authorised, this might help budget homebuyers by matching GST incentives with growing property prices and increasing housing accessibility throughout India.

In a major setback to kiln owners and customers, the GST on some sorts of bricks was increased from 5% to 12% on April 1 and the rules governing input tax credit (ITC) were also altered.