Home buyers worried as builders ask for full payment before July 1

The government on Thursday asked builders to pass on the benefit of lower tax under the GST system to buyers by reducing prices and instalments, otherwise the action will be violative of the anti-profiteering clause. "I want to make it clear that cost of land in cities like Mumbai is not cheap. That's why the prices of houses in Mumbai or nearby areas are not falling. According to the new circular…