the old tax rates will apply for those registering after july 1 the 12 gst will be applicable for benefits of the low rates to be passed on the consumers might have to wait for at least 3 monthsnew projectsgera developments managing director said rohit gera sa ys new projects will see lower input costs and will allow developers to quote lower prices but a12 gst will be applicable on this quoted price the impact depends on the ratio of construction costs to selling priceresale projectsthere is no impact of gstreragst impactmost developers feel prices should go up by 58 if supply remains muted this is because developers are cautious because of the real estate regulation act rera rera and gst are coming in simultaneously it will take a few months to see how the market reacts said gopal sarda group ceo of kolte patil developers