The slash in GST rates to 5 percent without ITC from the previous 12 percent with ITC for premium homes, and to 1 percent minus ITC for affordable homes from the earlier 8 percent, gives the beleaguered realty sector the much-needed breathing room and will certainly help it maintain some forward momentum in 2019. Another booster shot given by the government is changing the very definition of the budget-range of affordable housing.
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