Reaction quote by Sammeer Pakvasa, Managing Director & CEO, Eleganz Interiors || GST Council Announcement on simplifying the structure to two slabs (5% and 18%) while introducing a 40% levy on luxury/sin items
“The GST rationalisation is a forward-looking reform that will have a positive multiplier effect across industries. By reducing tax rates on everyday essentials and discretionary spends, the government has directly enhanced consumer purchasing power and confidence. This is critical for sectors like real estate, interiors, and design, where consumer sentiment plays a vital role in driving investments. With improved affordability and greater liquidity in the hands of households, we expect demand to strengthen not just in travel and lifestyle, but also in housing and workspaces — areas where people are increasingly willing to invest in quality and sustainability. The reforms mark a decisive step in making India’s growth story more inclusive and consumption-driven.”