For the past 15 years, first the booming IT sector and then the burgeoning ecommerce industry in the south helped in generating a steady stream of end-users
Finance Ministry said builders can levy GST on buyers of affordable housing projects only if they reduce the apartment prices after factoring in the credit claimed on inputs
Demonetisation, Rera and GST have impacted the sales and cash flows of developers, causing a spurt in consolidation in the sector