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