Costs of new houses are expected increase after India implements GST.
As there will be tax on property which is yet to taken under possession, this will generate huge cost and this will be taken out from buyers pocket.
Vicious cycle will impact badly on housing prices.
Prices will go up at all sites, making it further difficult to own a house.
So it will be always good to buy a ready possession old house.
Instead to go on new construction.
This is our analysis of what it will impact.
Also it will affect on banking sector as home loan intrest rates should be brought down to facilitate buying of new houses, may affect banking sector revenue and profit.
It will affect negatively on housing industry.
Sales may go down.