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Axis ecorp



Real Estate Developers Fear Construction Activity Could Come to a Halt Over Delhi Lockdown

Apr 24, 2021
| By: Faizan Haidar, ET Bureau
| Source Link: Click Here

Real estate developers fear construction activity could come to a halt again as labourers have started migrating after the announcement of a six day lockdown by the Delhi government in wake of a sharp surge in Coronavirus cases.

According to the multiple developers, many labourers who were listing their hometowns during Holi haven’t returned and they were already operating at 50% capacity. “In UP, the labourers have stayed back due to the Panchayat election. Obviously, there is a fear among them and the recent closure announced by the Delhi government will further escalate the problem,” said R K Arora, Chairman, Supertech Group and President NAREDCO-UP

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