Budget 2026: Real Estate Seeks GST Relief, Affordable Housing Boost

• Real estate sector demands GST relief and infrastructure focus in Budget 2026.
• Developers and homebuyers seek GST reduction to make home purchases affordable.
• Current GST on residential projects is 5% or 12%, with 1% for affordable housing up to ₹45 lakh.
• Key demands include reducing GST rates, increasing affordable housing limit to ₹80-90 lakh, and expediting project approvals.
• Lowering GST on works contracts from 18% to 12% or 5% is also sought to reduce construction costs.

Why It Matters: Real estate industry urges Budget 2026 for GST relief and policy reforms to boost affordability and growth.