A Study Of Impact Of Gst And Rera On Building Construction Projects And Real Estate Sector For Pune Region

Abstract

The construction business is one of India's most important and lucrative industries for economic development and progress. Most construction projects in India have time and expense overruns, according to conventional belief. The prior literature research were separated into two categories: factors that cause time overrun (delay) in construction projects and factors that cause cost overrun in construction projects (increasing of the cost). The purpose of this study is to examine the impact of the Real Estate Regulation Authority and the Goods and Services Tax on Pune. The paper's goals were met by a quantitative technique in which a valid questionnaire was issued online to owners, consultants, contractors, and project management firms. Responses from owners, consultants, project managers, and office engineers in the Indian (Pune) construction industry will be analysed using the Relative Importance Index Factor, and some key factors demonstrating the impact of the Real Estate Regulation Authority and the Goods and Services Tax on the Pune construction industry will be highlighted. The Indian real estate sector is not immune to the country's revolutionary tax reforms since 1947.