India, Sept. 27 -- Developers may pass on Goods and Services Tax (GST) benefits to homebuyers only after three to six months, and the impact is likely to be seen on affordable housing projects that come up in peripheral areas where land costs are lower, real estate developers and experts said. According to them, prime areas of metro cities where land costs are high might not gain from the GST 2.0.

The government's recent GST cuts for ancillary industries have raised hopes that developers may eventually pass on cost savings to homebuyers. However, developers and experts say that any such benefit will take time. It depends on when key sectors like cement, steel, logistics, and other construction-linked services begin passing their cost adv...