Covid-19 restrictions have not stalled construction in Mumbai in FY22

27 Apr 2021 CW Staff

Real estate developers have not stalled ongoing construction activities in Mumbai despite strict restrictions in Maharashtra owing to the second wave of Covid-19.

This is because the state allowed workers to live on site. While some small developers without the ability to house workers are facing problems, major developers have managed to keep the work going.

There has been no panic among stakeholders this time so far. The economic impact of Covid-19 has not been as severe. Also, a stamp duty cut by the government spurred strong sales for many developers and generated a level of confidence that was absent previously.

All developers said their sites follow Covid-19 measures, including sanitisation, staff rotation, a medical consultation and tests, if required. Developer body CREDAI-MCHI has also advised members to follow pandemic protocols. According to its assessment, 20,000 plus workers are at various sites.

Costs incurred on testing and other arrangements are not significant, developers told a prominent media source.

Also Read: Covid-19 second wave may not impact overall construction activities: ICRA

Also Read: Lockdown impact: CREDAI Pune writes to Maha govt

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