Revised GST rates, clarity in rules to boost property sales, say realty players

Realty players hope that property sales will pick up in Mumbai and other cities following the implementation of revised GST rates May 10 onwards. They also expect clarity in regulations after the completion of general elections to help the situation. However, a section of the builders and developers noted that the revised GST rates may impact property prices. Knight Frank India CMD Shishir Baijal…