Amar Bahl, COO, ART Housing Finance shares view post lowering tax rates in Real Estate

“The reduction in GST for under-construction properties and affordable housing projects is a pragmatic move by the government which will help the real estate sector. The Real estate sector being the second-highest employer in the country after agriculture, any measures to help grow the sector will have multiple positive effects. We can expect demand coming back to the under construction segment and improvement in the sales throughput for the developers. This will be a huge psychological boost for the consumer as this will ease the cost burden on him/ her providing a direct impetus for the housing and housing finance industry.”