GST 2.0: How Reduced Taxes on Construction Materials Will Lower Housing Prices in Odisha

The Centre’s GST 2.0 initiative is set to transform Odisha’s real estate sector by lowering taxes on essential construction materials like cement and steel from 28% to 18%. This move is anticipated to reduce housing prices, particularly in cities such as Bhubaneswar and Cuttack, making homeownership more accessible.