The real estate and construction sector in India has long been among the most affected under the Goods and Services Tax (GST) regime since its rollout in 2017. Developers, contractors, and homebuyers have consistently highlighted how high tax slabs on essential materials inflated housing costs and slowed infrastructure growth. The government’s recent rationalisation of GST rates marks a major shift. By reducing taxes on key inputs such as cement, marble, granite, and job work for bricks, project costs are set to fall — boosting demand, affordability, and employment across the ecosystem.