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GST Review May-2025

GST Implications on Self-Redevelopment

Keval Shah
Introduction Living in a metro city comes with its share of perks—vibrant culture, connectivity, and economic opportunities. However, many of these cities are dotted with aging residential buildings that no longer meet modern safety codes or lifestyle expectations. Redevelopment has emerged as a vital solution, offering residents a way to upgrade their homes and living conditions. While traditional redevelopment involves partnering with a developer, a growing number of societies are exploring self-redevelopment to take control of the process themselves. Redevelopment is the process of demolishing and reconstructing old buildings with the help of a real estate developer. The developer usually bears the cost of construction and, in return, is compensated through the sale of additional flats built on the same land. This process is regulated by local authorities and often invo.......