As India’s first healthcare REIT, we have been expecting that GST on rent payable by hospitals to REIT owners be waived. We have seen that many hospital operators are not able to set off the GST payable on hospital land and building rent resulting in absorbing the costs. As a new asset investment class for rent-seeking investors, we would expect the budget to address this issue of GST on land and building rentals for hospitals and medical buildings.
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