GST rate cut not all that positive for the realty stocks: Here’s why

At first glance, investors looked upbeat on realty stocks after the  GST Council cut rates for under-construction projects to 5 per cent from 12 per cent and reduced it to a marginal 1 per cent from 8 per cent in the case of affordable housing.  Most realty stocks jumped in early trade on Monday, buoyed by widespread optimism that the rate cut may help the realty space emerge as one of t…