Budget 2026: Real Estate Seeks GST Relief, Affordable Housing Boost
Economy
C
CNBC Awaaz•13-01-2026, 14:58
Budget 2026: Real Estate Seeks GST Relief, Affordable Housing Boost
- •Real estate developers and homebuyers demand GST relief in Budget 2026 to make housing affordable.
- •Current GST rates are 5% or 12% for residential projects, 1% for affordable housing up to ₹45 lakh.
- •Industry seeks reduction in GST rates, or zero GST in some segments, and an increase in the affordable housing price limit to ₹80-90 lakh.
- •Demands also include expediting project approvals and reducing GST on works contracts from 18% to 12% or 5%.
- •Meeting these demands is expected to boost the real estate sector, investment, employment, and support 'Viksit Bharat'.
Why It Matters: The real estate sector is pushing for significant GST reforms and increased affordable housing limits in Budget 2026.
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