New Delhi, April 20, 2020: “In these testing times, the government’s decision to allow construction activity brings in much needed relief. Like we have maintained, the beginning of construction activity, though with rightful caveats, will not just help the sector but will kick start economic activity in the country. The resumption of construction activity brings wages to labourers, cash flow to developers and more importantly credit growth for banks. Quite a few developers will be able to start construction activities post 20th April, as they fall within the criteria set by the Ministry of Home Affairs of having labour camps at their respective sites for construction workers. As many workers haven’t been able to travel back to their native place and we are observing developers taking care of them at site, the order is bound to have a favourable impact.”
Corporate Comm India (CCI Newswire)
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