The report studies the GST impact on developers of residential real estate projects and the factors affecting property prices charged to the end customer since implementation of India's biggest tax reform. A broad comparison is drawn on the tax implications to this sector pre and post implementation of GST. The paper also showcases the impact of GST on affordable housing and other government aided initiatives.
While the paper identifies the immediate factors for price variations faced by the sector, it also highlights challenges faced by industry in determining the actual benefits, if any, and the manner in which the same can be passed on to end customers. As a highlight to the paper, the results of a dipstick survey of developers across India in relation to pricing, manner of valuation for taxability, discounts on offer to customers are also reported.