While the Centre’s move to extend timelines for project completions and registrations by six months has come as a relief, real estate players from Hyderabad said that relaxations on GST, even by one or two percent, would have made a real difference. “Considering the price of all raw material is on the rise, we were really hoping that we would be given some relief on GST,” said D S Prasad, director, Aparna Constructions.
On the other hand, chairman of Anarock Property Consultants, Anuj Puri, feels the extension is a boon for the industry. “This will de-stress developers significantly since construction activity had been halted all across the country. Homebuyers’ wait will get extended by this move, but this was, in any case, inevitable,” he said.
Read More at: https://timesofindia.indiatimes.com/city/hyderabad/wanted-relief-on-gst-say-hyderabad-builders/articleshow/75730770.cms