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Increased tax on building material.

Q: The government has increased the tax amount of construction material. What will be the impact of this rise on the real estate sector?

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Replies (2)
1
Costs of properties are such that refuse to go down which is good for people who own a fair share of estate.
highrise


2
With the hike in service tax, the cost of cement, steel and the labour wages have increased. There is no hope left that costs of properties will come down.
krishnendu1987


3

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