GST panel recommends affordable housing limit increase to ₹56 lakh nationwide: Sources

A government panel on Goods and Services Tax (GST) for real estate is preparing an interim report with recommendations that could impact affordable housing across India, people in the know told CNBC-TV18. The Group of Ministers (GoM) is looking to raise the affordable housing price limit from the current ₹45 lakh per unit to ₹56 lakh per unit, making more homes eligible for the 1% GST rate that cu…