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Kishan Reddy Says Modi’s GST Cuts Will Fuel Housing Demand

Low interest rates coupled with Telangana's permanent RERA authority are expected to build buyer confidence.

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Overview

  • At the CREDAI Hyderabad Property Show, Union Minister G. Kishan Reddy framed the recently announced GST slab reductions as an immediate boost to middle-class home-buying capacity.
  • He praised Telangana’s permanent Real Estate Regulatory Authority and appellate tribunal, highlighting the registration of around 10,000 projects and 4,000 agents under RERA-TG.
  • The minister credited low Reserve Bank of India interest rates and income tax exemptions up to ₹12 lakh with making housing loans more affordable and manageable for borrowers.
  • Kishan Reddy attributed expanded homeownership to flagship welfare schemes such as Pradhan Mantri Awas Yojana, Swachh Bharat, PM Ujjwala and Ayushman Bharat lifting millions out of poverty.
  • He affirmed that the Centre’s Ease of Living urban improvements have further supported the expansion of the real estate sector.