Realty developers urge govt to reconsider proposal to bring FSI, additional FSI under GST

Indian real estate developers are worried. A proposed 18% GST on floor space index could increase housing prices. The developers' body, CREDAI, warns of a 7-10% price hike. This impacts affordability and the 'Housing for All' mission. CREDAI says the tax will hurt both supply and demand. A GST council meeting will discuss the issue.