Mumbai, Maharashtra, 4th of September, 2025 : Ashish Kukreja, CEO and Founder of Homesfy.in and mymagnet.io
“GST 2.0 is not just an incremental reform but a structural reset for Indian real estate. The shift to a broad two-slab structure of 5% and 18%, along with a 40% demerit rate, signals the government’s intent to simplify and strengthen an eight-year-old tax regime. For our sector, the rationalisation of rates on key construction materials like cement and steel from 28% to 18%, and granite blocks and sand-lime bricks from 12% to 5%, directly translates into lower project costs and more affordable homes.Real estate already employs over 7 crore Indians, making it the country’s second-largest employer. These reforms will encourage developers to launch more projects, creating new jobs and improving buyer sentiment. Importantly, a simpler, more transparent GST framework can help resolve long-standing challenges around input tax credits and compliance, while also attracting institutional capital into emerging segments such as affordable housing, co-living, and rental housing.
There will naturally be transitional issues in adapting to the new framework, but the overall direction is positive. GST 2.0 gives buyers affordability, developers confidence, and the sector a foundation of trust, and that combination is vital for the next phase of growth in Indian housing.”
About Homesfy
Homesfy is one of the fastest-growing companies in the organised real estate industry. With 400+ motivated team members across Mumbai, Pune, Delhi NCR, Hyderabad, Bengaluru, and Dubai, the firm partners with reputed builders like Lodha, Godrej, Prestige, Dosti, Runwal, Hiranandani, Piramal, Raymond, and Mahindra to facilitate real estate sales.
Aniruddha Mehta, Chairman & Managing Director, Umiya Buildcon Ltd
“The rationalisation of GST under the proposed reforms marks a landmark moment for the real estate and construction industry. Simplifying tax slabs on key inputs like cement, steel, and paints will reduce pricing inefficiencies, improve procurement processes, and ease cash flow challenges — all of which are crucial for sustainable project execution. Even a modest reduction in input costs can significantly enhance project viability and timelines, particularly in affordable and mid-income housing where pricing sensitivity is high.Beyond cost savings, GST 2.0 has the potential to catalyse growth and job creation across the broader ecosystem. As one of the country’s largest employment generators, real estate stands to benefit from improved liquidity and reinvestment opportunities, leading to more jobs in construction, allied industries, and services.
Moreover, a simplified and transparent tax regime instills greater confidence among both homebuyers and long-term investors. It can drive capital inflows, support sustainable building practices, and ultimately contribute to India’s housing and infrastructure goals. That said, clarity on transitional provisions and tax credit flow will be essential to ensure a smooth shift and protect near-term working capital cycles.”
About Umiya Buildcon Limited:
Umiya Buildcon Limited (BSE: 532376 | NSE: UMIYA-MRO) is a publicly listed Indian company operating across two key verticals: telecom and networking, and real estate development. Established in 1984, the company has maintained a cumulative turnover of over ₹100 crore for the past three years. Under the MRO-TEK brand, it is a DoT-approved OEM and system integrator with a trusted legacy in networking and telecom, serving Tier 1 ISPs (Vodafone, Airtel, TTSL), Indian Railways, Defence, and key government and industrial sectors. The company manages nearly 1,500 government network links via four on-premises NOCs, with all core hardware and software—such as media converters, routers, switches, UTM, and SD-WAN—developed in-house, supporting Make in India and Atmanirbhar Bharat goals. Its DSIR-recognised R&D centre further drives indigenous product innovation. Diversifying under the Umiya brand, the company has nearly two decades of experience in premium residential and commercial development in Bengaluru and Goa, led by CMD Mr Aniruddha Mehta, and is strategically scaling both verticals to deliver long-term shareholder value.
For more information, please visit: www.mro-tek.com
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