Union Minister for Coal and Mines G. Kishan Reddy, on Sunday, said that reducing GST slabs as announced by Prime Minister Narendra Modi during his Independence Day speech is sure to put more money in the hands of people. This, in turn, should help in buying a house, which is a long-felt emotional need for many people, he said.

The Modi Government policies in the last 11 years has not only helped the middle class fulfil their dream of owning a house, but also fuelled the growth of the real estate industry, he maintained while addressing the Confederation of Real Estate Developers Association of India, Hyderabad chapter (CREDAI) on the second day of property show here.