No GST Flats in Secunderabad - OC-Ready Means Zero GST

Goods and Services Tax (GST) applies to the purchase of under-construction residential properties in India. The current rate is 5% (without Input Tax Credit) on the agreement value for properties priced above Rs 45 Lakhs, and 1% for affordable housing (below Rs 45 Lakhs). This means that an under-construction flat priced at Rs 1.18 Crore would attract GST of Rs 5.90 Lakhs, payable by the buyer on top of the agreement value.

However, there is a critical exemption: properties that have received their Occupancy Certificate (OC) or Completion Certificate (CC) before the date of sale are exempt from GST. The legal logic is that once the OC is issued, the property is treated as a completed good rather than a service (construction), and completed immovable property is outside the scope of GST.

Om Sree Prithvi has received its OC. This means every unit sold at Om Sree Prithvi is GST-exempt. The flat price is the total price, with no GST added on top.

Configuration	Price	GST if Under-Construction (5%)	GST at Om Sree Prithvi	Your Saving
2 BHK Spacious	Rs 95 Lakhs	Rs 4,75,000	Rs 0 (Zero)	Rs 4.75 Lakhs
2 BHK Premium	Rs 1.03 Cr	Rs 5,15,000	Rs 0 (Zero)	Rs 5.15 Lakhs
3 BHK Spacious	Rs 1.18 Cr	Rs 5,90,000	Rs 0 (Zero)	Rs 5.90 Lakhs
3 BHK Premium Corner	Rs 1.33 Cr	Rs 6,65,000	Rs 0 (Zero)	Rs 6.65 Lakhs
3 BHK Premium Spacious	Rs 1.50 Cr	Rs 7,50,000	Rs 0 (Zero)	Rs 7.50 Lakhs

The savings range from Rs 4.75 Lakhs to Rs 7.50 Lakhs depending on the configuration. This is real money that stays in your pocket instead of going to the government. To put it in perspective, Rs 5.90 Lakhs (the saving on a 3 BHK Spacious) is equivalent to 9 months of EMI, or the cost of a full interior fit-out, or a family vacation to Europe.

OC-Ready: The Key to Zero GST

The Occupancy Certificate is the document that triggers GST exemption. Issued by the local development authority (GHMC in Hyderabad, Cantonment Board in Secunderabad), the OC confirms that the building is constructed as per the approved plan, meets all structural and fire safety requirements, and is approved for residential occupancy. Only after OC issuance does a property become GST-exempt.

Many builders advertise 'near completion' or '90% ready' to attract buyers with the promise of early possession. But until the OC is actually issued, GST applies at 5%. There is no partial exemption. Either the OC exists (zero GST) or it does not (5% GST). At Om Sree Prithvi, the OC is in hand, documented, and verifiable. The GST exemption is absolute, not conditional.

Frequently Asked Questions

Is there really zero GST on flats at Om Sree Prithvi? Yes. Om Sree Prithvi has received its Occupancy Certificate (OC), which makes all units GST-exempt under current tax rules. The flat price is the total price with no GST added. This is verifiable and documented.

How much GST do I save by buying at Om Sree Prithvi? You save 5% of the flat price. For the 2 BHK at Rs 95 Lakhs, the saving is Rs 4.75 Lakhs. For the 3 BHK Spacious at Rs 1.18 Crore, the saving is Rs 5.90 Lakhs. For the 3 BHK Premium Spacious at Rs 1.50 Crore, the saving is Rs 7.50 Lakhs.

What if GST rules change after I buy? GST is applicable at the time of purchase. Once you have completed the purchase of an OC-ready property with zero GST, any future changes to GST rules will not retroactively apply to your purchase. Your transaction is complete at the time of registration.

Do I still pay stamp duty and registration even with zero GST? Yes. GST exemption applies to the GST component only. Stamp duty (approximately 6% in Telangana), registration fee (0.5%), and transfer duty (0.5%) are separate state charges that apply regardless of GST status. Total registration costs are approximately 7% of the agreement value.

PAGE 29: Immediate Possession Flats in Yapral