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

GVK’s Reddy sells Two Properties in Hyd for Rs 73.81 Cr

Two properties belonging to GVK Group’s Chairman and Founder G.V. Krishna Reddy…

MahaRERA Bites Off Registration Of 5 Projects

MahaRERA till date has revoked the registration of five projects that were…

This is how MahaRERA plans to deliver Justice fast

MahaRERA has now come up with certain steps to give justice at…

NCR Sees Highest Land Appreciation Since 2019, 38% Rise on Yamuna Expressway

Avg. prices of plots on Yamuna Expressway were INR 1,600/sft in 2019 –…