In order to replace several state and central taxes in India, the Goods and Services Tax (GST), a single indirect tax system, was implemented in 2017.
GST is a significant factor in real estate, particularly when it comes to apartments that are still under construction. While buyers of new or under-construction residences usually pay GST as part of the total cost, ready-to-move-in homes are free from the tax.
The GST Council made a number of significant adjustments to this tax in early September 2025, considerably streamlining it by establishing two distinct slabs. This is especially good news for prospective buyers wishing to buy property in Thane, as the slab rate is cheaper for the majority of industries.
Here, we examine these reforms' potential effects on the real estate sector in more detail.
