GST Cut on Housing Materials to Boost Homeownership, Narrow Affordability Gap

By – Pramod Kathuria, Founder & CEO, Easiloan

“A reduction of GST on housing further helps enhance affordability of the housing sector to buyers. Reducing the overall cost of homeownership improves buyer confidence and facilitates greater accessibility of financing. From the credit supply point of view, it translates into robust demand for home loans since more people can cross the affordability gap between their outgoings and prices of immovable property.”