As Navratri 2025 starts, homebuyers in Mumbai look for holiday deals and GST perks. But experts and builders told HT.com that deals are scarce. They offer mostly easy payment options. Experts say big project starts in Mumbai’s housing scene will happen later. That period runs from Makar Sankranti to Gudi Padwa. It covers January to March 2026.
Navratri 2025: Mumbai buyers hope for holiday cuts and GST help. Yet experts note few deals now. Key starts come in early 2026. (Picture for show only) (Mehul R Thakkar/HT) Navratri 2025: Mumbai buyers hope for holiday cuts and GST help. Yet experts note few deals now. Key starts come in early 2026. (Picture for show only) (Mehul R Thakkar/HT)
New GST drops for support industries spark hopes. Buyers think builders will share the savings soon. Builders say it will take time though. Savings reach builders when main suppliers pass them on. That includes cement, steel, shipping, and building services.
Don’t pay too much for flights. Search, compare, and save up to 30% now. Start today. Real estate pros say Mumbai saw few project starts in 2025. Delays in green approvals slowed things down. Marketing stayed quiet. Only easy payments appeared as offers. With starts down, old stock sells steady. Builders wait and skip holiday deals or GST talk for now.
The GST Council cut taxes this month on main building items. That covers cement, granite, and marble. It should trim costs for builders. Buyers get some ease too. In GST 2.0, cement and ready-mix concrete face 18% tax. That’s from 28%. Bricks, tiles, and sand drop to 5%. That’s from 18%. Paints and varnishes hit 18%. Down from 28%.
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Why can’t builders share GST perks right away? A builder from Mumbai’s east side spoke off-record. He said no quick way exists to pass GST help. “Savings can wait until support groups share their gains,” he noted. “That means cement, steel, shipping, and building links must act first.”
He added that slow starts this year cut builder rivalry. “New projects launch in a calm market. They spend little on ads. Sales move slow but sure. No big holiday pushes past easy plans mean no GST pass to buyers yet,” he said.
The government’s fresh GST cuts on support industries build hopes. They point to builders sharing costs with buyers down the line. But real estate pros note it takes time.