In reference to GST Council meeting, the Finance Minister has announced a reduction in the GST rate on cement from 28 percent to 18 percent.

Quote from Mr. Avneesh Sood - Director, Eros Group 

“The GST Council’s move to reduce the tax rate on cement from 28% to 18% is a landmark reform that will have far-reaching benefits. For the common man, this directly translates into greater affordability in home construction and aligns perfectly with the government’s vision of ease of living. At the same time, developers gain significant relief on input costs, which ensures ease of doing business and creates healthier project economics. This step will encourage timely delivery, improve margins, and ultimately make housing more accessible, especially in the affordable and mid-income segments where cost sensitivity is highest. Beyond immediate savings, the reform is also set to boost buyer sentiment and sustain housing demand at a critical juncture for the industry. It is a well-calibrated policy decision that supports both consumers and developers, while reinforcing the national mission of ‘Housing for All.’”