The government’s proposed GST reform is being hailed as a relief for homebuyers, but according to Dime founder Chandralekha MR, the biggest winners may not be buyers at all—it’s the developers.

The new GST reforms, dubbed the "GST bachat utsav" by the government, came into force on September 22 — the auspicious first day of Navratri — with a promise to bring cheer to the middle class due to ...