GST Rate Cut – Panacea or Brief Pain Relief for Real Estate?

The recent interim budget announced fresh sops for the Indian real estate sector – which, on closer scrutiny, did not really send clear revival signals to the market at all. Now, the strident demand for lowering goods and services tax (GST) rates on under-construction properties is on the table.   In fact, the prime minister and finance minister have proactively assured that they are consider…