The Confederation of Real Estate Developers Association of India (CREDAI), through its Srikakulam town president Gurugubelli Raju, announced on Friday, September 19, 2025, that the Union government’s recent decision to reduce GST on cement and other vital construction materials would provide a substantial uplift to the industry. This proactive step is widely expected to translate into more affordable property rates for prospective homeowners.
Mr. Raju highlighted in an interview with The Hindu that lowering the GST on cement from 28% to an 18% slab would significantly decrease overall construction expenses. “We foresee a deduction of ₹35 to ₹40 on each bag of cement following these GST revisions,” he stated. He emphasized the importance of cement manufacturers ensuring that these GST benefits are directly passed on to the construction industry, thereby guaranteeing that property buyers ultimately experience the true financial advantage.
Furthermore, Mr. Raju lauded the State government’s progressive steps, including easing norms for high-rise building construction and waiving NALA (Non-Agricultural Lands Assessment) charges. He believes these combined initiatives will greatly benefit Srikakulam’s real estate sector. “Builders can now potentially offer discounts ranging from ₹3 lakh to ₹4 lakh on each apartment, thanks to these government decisions. This positive environment is expected to encourage many realtors who had previously put projects on hold to now resume their work,” he concluded, signaling a renewed optimism in the market.