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GST Reforms 2025: How A Two-Slab Structure Will Transform Indian Real Estate

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GST Reforms 2025: How A Two-Slab Structure Will Transform Indian Real Estate


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Govt plans a two-slab GST reform by Diwali 2025, cutting rates on cement and materials, promising 8-15% savings for homebuyers and transforming real estate with transparency.

The GST reform is expected to particularly benefit affordable housing, with ripple effects across the sector.

The GST reform is expected to particularly benefit affordable housing, with ripple effects across the sector.

Authored By Sahil Agarwal

India’s real estate sector stands on the brink of a revolutionary transformation as the government proposes a simplified two-slab GST structure, replacing the current complex four-tier system. Expected to roll out by Diwali 2025, this reform promises substantial savings for homebuyers while fundamentally reshaping the real estate industry.

The proposal consolidates GST into just 5% and 18% slabs, eliminating the existing 12% and 28% brackets. Research by ClearTax indicates that 99% of items in the 12% bracket will move to 5%, while 90% of items in the 28% bracket will shift to 18%. This rationalization will significantly lower construction costs, with homebuyers emerging as the primary beneficiaries.

Cement, currently taxed at 28%, will drop to 18%, a 10 percentage point reduction. Paint and other construction materials will see similar cuts. These reductions are expected to translate into 8-15% savings for residential buyers. For a Rs 50 lakh apartment, this could mean potential savings of Rs 4-7.5 lakhs.

Industry surveys suggest the reform will alter how developers approach project planning and pricing. With simplified tax structures and lower input costs, the focus will shift from tax optimization to customer value creation. Developers are likely to adopt transparent pricing models and customer-first strategies, broadening the homebuyer base and compelling innovation in design, amenities, and financing partnerships.

The reform is poised to particularly benefit affordable housing, with ripple effects across the sector. Price-sensitive buyers in tier-II cities such as Pune, Ahmedabad, Kochi, and Indore are expected to drive unprecedented demand growth. Data from ASSOCHAM indicates the simplified GST structure will bring millions of first-time buyers into the market. Developers will need to tailor projects for young professionals and growing families, reshaping portfolios and accelerating residential expansion beyond metros.

On the supply side, the two-slab structure will revolutionize real estate operations. Predictable tax rates will enable developers to forge long-term supplier relationships and streamline procurement, reducing project timelines and enhancing quality. Simplified compliance will free up resources for PropTech adoption, digital customer experiences, and process automation, modernizing industry operations.

Banks and housing finance companies will also benefit, with clearer cost structures leading to faster loan approvals and innovative financing products. Stronger partnerships between developers and financial institutions are expected, expanding homebuyer financing options. Smaller developers will gain from reduced compliance costs, while larger players will need to compete on innovation and customer service rather than tax structuring expertise.

Ultimately, the industry will witness a clear shift toward innovation, customer focus, and operational efficiency. This reform represents one of the most significant structural changes in Indian real estate in decades — one that promises to democratize homeownership while driving transparency, efficiency, and customer-centric growth across the sector.

(The author is the chief executive officer of Nimbus Realty)

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Disney+ cancellations soar after Jimmy Kimmel suspension

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Disney+ cancellations soar after Jimmy Kimmel suspension


Danielle KayeBusiness reporter

Reuters A man wearing a black suit speaks with his hands raised in front of him.Reuters

Comedian Jimmy Kimmel was temporarily suspended last month

Disney+ and Hulu cancellations rates doubled in September after TV host Jimmy Kimmel was briefly taken off air, suggesting the move may have hurt the entertainment giant financially.

Data from analytics firm Antenna shows Disney+’s so-called churn rate – the percentage of subscribers who cancel each month – jumped from a 4% average to 8%, which equates to about three million cancellations, while Hulu’s rose to 10% or more than 4 million.

Disney suspended Kimmel after comments he made about the shooting of Charlie Kirk, following pressure from a federal regulator. The decision sparked free speech debates.

ABC, which airs Jimmy Kimmel Live, reinstated him within a week after a backlash.

Disney, which owns ABC, decided on 17 September to take the comedian off air, two days after Kimmel had said, during one of his shows, the “Maga gang” was “desperately trying to characterise this kid who murdered Charlie Kirk as anything other than one of them” and of trying to “score political points from it”.

The abrupt suspension came hours after Brendan Carr, chair of broadcast regulator, the Federal Communications Commission (FCC), threatened to revoke ABC’s broadcast licence.

The move was met with protests in California and lambasted by the writers and actors guilds, lawmakers and the American Civil Liberties Union (ACLU).

Critics and First Amendment advocates had railed against ABC’s decision as censorship and a violation of free speech. They also called for economic pressure on Disney, urging people to boycott the company’s services.

Hundreds of celebrities and Hollywood creatives signed a letter backing Kimmel, who was later reinstated.

Reuters A man at a protest holds a sign in the shape of Mickey Mouse's face, which reads "Protect Free Speech" and "Cancel Disney ABC".Reuters

Critics called for boycotts of Disney’s streaming services

The new data from Antenna, released on Monday, offers the first indication that Disney may have taken a hit from the blow-back.

Disney+ and Hulu lost millions more subscribers in September compared to recent months, while Netflix saw its churn rate hold steady at 2%.

But it is not clear whether Kimmel’s suspension was the only factor driving the surge in cancellations.

Disney’s move to suspend Kimmel coincided with its announcement of previously planned increases to subscription prices, as the company faces pressure to boost its profit from streaming services.

Despite the rise in cancellation rates, both Disney+ and Hulu saw an uptick in new sign-ups in September, offsetting some of the loss, according to Antenna.

Disney declined to comment and Hulu is yet to respond. However, Disney noted discrepancies between Antenna’s data and its internal figures.



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Video: What to Know About the ICE Raid at a Hyundai Plant

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Video: What to Know About the ICE Raid at a Hyundai Plant


new video loaded: What to Know About the ICE Raid at a Hyundai Plant

ICE and other law enforcement agencies detained nearly 500 workers in Georgia in September. Farah Stockman, who covers manufacturing for The New York Times, describes the fallout from the incident and what could be next for foreign factory investments in the U.S.

By Farah Stockman, Gabriel Blanco, June Kim and Claire Hogan

October 20, 2025



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Pizza Hut to close 68 UK restaurants

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Pizza Hut to close 68 UK restaurants


Charlotte EdwardsBusiness reporter, BBC News

Getty Images A person reaches into a pizza box and cuts a pizzaGetty Images

Pizza Hut is to close 68 restaurants and 11 delivery sites in the UK with the loss of 1,210 jobs, after the firm running them fell into administration.

DC London Pie Limited, which operates Pizza Hut’s UK restaurants, appointed FTI Consulting as administrators on Monday.

However, Pizza Hut’s global owner Yum! Brands has agreed to save 64 restaurants, preserving 1,276 jobs.

Pizza Hut is well known for its family-friendly dining and salad bar, but its UK business has been struggling and had previously gone into administration less than a year ago.

DC London Pie had bought Pizza Hut UK’s restaurants from insolvency in January this year. The company also owns Pizza Hut franchises in Sweden and Denmark.

A spokesperson for Pizza Hut UK said: “We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs.”

Nicolas Burquier, managing director for Pizza Hut Europe and Canada, said: “This targeted acquisition aims to safeguard our guest experience and protect jobs where possible.”

He added that the immediate priority for Pizza Hut was “operational continuity at the acquired locations and supporting colleagues through the transition”.

Zoe Adjay, a senior lecturer in hospitality at the University of East London, said Pizza Hut had been “at the forefront of bringing fast food into the UK” in the 1970s, but had struggled to remain relevant amid increased competition.

“The pizza market has become a lot more upmarket,” she said. “There’s a lot more high-end pizza and they’ve taken a huge market share.”

Ms Adjay added that Pizza Hut had also failed to establish itself on social media in the same way as some of its competitors.

Increased operating costs and “ongoing consumer caution” will likely have contributed to Pizza Hut’s challenges, according to Danni Hewson, head of financial analysis at AJ Bell.

“DC London Pie had rescued Pizza Hut’s UK operations from insolvency less than a year ago, but making a success of a big-name casual dining businesses is a tough job.

“Taking back the brand looks a smart move by Yum! Brands as it has decades of data about how pizza lovers like to consume and exactly what factors need to coalesce to make a location a success.”



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