Moneycontrol.com-Imposing GST on FSI charges could increase housing prices by 10%, adversely impact demand: Developers
Real estate developers across the country have urged the central government to reconsider the proposal of bringing FSI (floor space index) and additional FSI charges within the scope of Goods and Services Tax (GST), as the move may trigger an increase in property prices.
Reacting to the development, Niranjan Hiranandani, Chairman, National Real Estate Development Council (NAREDCO), echoed similar concerns and said that the contemplation to impose an 18 percent GST on FSI and additional FSI charges has alarmed the industry.
