Source: Money Control ( http://bit.ly/3IBTKhl )

Market observers say that the proposed move aims to simplify the rules and developers will get the benefit of lower taxes. Due to this, homebuyers will also be able to get homes at cheaper rates.

With the central government proposing to simplify country’s GST system and keep items under only two slabs 5 percent and 18 percent, real estate experts believe that this simplicity in the tax structure will reduce the cost of developers and benefit homebuyers.

Market observers say that the proposed move aims to simplify the rules and developers will get the benefit of lower taxes. Due to this, homebuyers will also be able to get homes at cheaper rates.