NEW DELHI: Housing prices will come down after the GST rollout , Union Minister M Venkaiah Naidu today said, while expressing confidence that the landmark tax regime along with property law will bring big relief to home buyers.Naidu, the minister for Urban Development and Housing & Urban Poverty Alleviation, said only fly-by-night operators and habitual tax evaders are opposing the Goods and Services Tax ( GST ). "GST plus Real Estate (Regulation & Development) Act (RERA) will definitely bring big relief to house owners. "As a Urban Development and Housing Minister, I am the happiest man that with the GST, prices of houses will definitely come down," Naidu said. "Land and housing are state subjects. The value of land was to be included in the amount on which tax was to be calculated.

Source: Times of India June 30, 2017 12:37 UTC