Covid19 that has put the entire country under lockdown has brought the good out of the builders across India. While some developers have offered free cancellation, some are providing food for construction workers.

By Varun Singh

Covid19 has raised its head and many are suffering especially the poor. In such times of need some developers have decided to not think of profits.

Due to the impact of Covid19, several construction workers are suffering too. While many were migrating, some developers saw to it that their construction workers didn’t suffer.

A Mumbai based developer Chandak group because of Covid19 distributed ration of 1-month to all its construction workers.

Their Facebook page said, “During these challenging time, we are doing our bit for the people who work tirelessly for us.”

Many developers are also known for not full refunding the cancellation fee. However, because of Covid19 the developers have even started refunding entire cancellation amount.

Migsun Group, a Delhi based developer says, “We have also taken care of the cancellation part where we are assuring full refund if a buyer changes his or her mind. Offers are for Greater Noida projects in ready-to-move-in projects or the ones that are going to be ready within six months.”

Amidst Covid19 some developers are also making EMI free for the first three months,

Meanwhile, Mumbai’s Lodha Group last week announced that it has waived off the rentals of close to 200 retail outlets on its property. This move was taken after PM announced a national lockdown.

Some builders even provide advance salaries to their workforce, so that they can tackle the emergencies arising out of Covid19.

Even builders body CREDAI has said that they are ensuring amenities for the construction workers.

Satish Magar, President, CRDAI National had said, “We are also ensuring that our construction workers are provided with basic amenities to be able to cope up with the ongoing situation.”

Leave a Reply
You May Also Like

Homes to be delayed, as cement, steel prices go up

Home buyers to be affected fears the apex body of real estate…

Kashmir Files Director Vivek Agnihotri buys Mumbai Flat for ₹17.92 crore

By Varun Singh Kashmir Files the movie that created a buzz strong…

Warehousing & Logistics sector shows resilience amidst Investment drought 

The year 2023 reported absorption of 37.8 Mn sq ft, 21% higher,…

Avg Ticket Size Drops In Mumbai Grows In Thane

Average ticket size of an apartment show a considerable drop in Mumbai.…