A Case Study to Analyse the Impact of GST on the Real Estate

Abstract

The Indian Real Estate Sector has been touted as one of the fastest growing sectors of the Indian economy.
The ongoing trends contributed by the development of the concepts of modernization and westernization have fueled
the development of this sector significantly. All this have completely changed the way we perceive our dream homes. A
spurt in the income as well as an increase in the population is also said to have contributed to the development of this
sector. Government policies are the driving forces of the real estate sector. This is since growth of this sector and
growth of the country’s economy go hand in hand. Approximately 9% of the country’s GDP comes from this sector.
The Indian economy has seen several reforms in the real estate sector by the government to strengthen the regulation,
contribute to growth as well as to protect the consumer. One such instance of government reform is the Goods and
Services Act, 2016. Keeping in light the above statements, this paper attempts to highlight the impact of GST on the
real estate sector and its after-effects on the various aspects of this sector. The perception of various stakeholders of
the real estate sector regarding the impact of GST on them can also be studied. This paper makes the use of secondary
data.