Aligarh’s real estate will now have wings

CNow, the GST rate has been reduced to one percent by the 45 lakhs on the erstwhile affordable house. GST has been reduced from 12 percent to five percent on the under construction flat. It is also happy to see the builders pleased after a long time.

Builder worried over the last decade.

People in business were worried about the steady decline in real estate business over the past decade. Since 2014, the situation started to worsen. Many large projects stopped due to reduced low demand. The builders were disappointed in this way. Now the central government has given a significant concession. This can increase the demand for flats.

The important thing is that the builders are happy to have a fixed GST rule of one percent on the apartment for 45 lakhs. For the last several years, the real estate business is going on a slow motion, and now the real estate businessmen can fly high. Apart from this, people who want to buy a flat, plot, etc. will also get relief.

New rules will benefit.

Precious Mangla, CMD, Ozone City says that for the last several years the real estate situation is not good. The new rules of government will benefit greatly. The impact of low GST will affect the flat price.

People will get direct benefits.

Yogesh Gupta, chairman of Kaveri Group, says that after the new rule, now only one percent GST will be given to the erroodable house. This will benefit people directly.

Also Read https://www.newsinheadlines.com/what-makes-a-real-estate-roi-return/