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Construction activity to get a boost as government allows vaccination for adults

Construction activity to get a boost as government allows vaccination for adults SECTIONS Share Synopsis The much-awaited announcement was made on Monday evening in the backdrop of India recording a relentless surge of over 200,000 cases of Covid-19 for the past five days. According to industry experts, the move will boost the construction activities and address the issue of reverse migration of labourers to some extent. The move will boost construction activities as it will help the labourers get vaccinated at the earliest. Construction activity is set to receive a boost following the government’s decision to allow Covid-19 vaccination for all citizens above the age of 18 years from May 1 as this will push inoculation of labourers as a rapid pace.

COVID-19: Developers welcome Centre s decision to vaccinate all above 18 years of age

COVID-19: Developers welcome Centre s decision to vaccinate all above 18 years of age NOAH SEELAM / AFP The Real estate developers have welcomed the decision of government of India (GoI) allowing vaccination above 18 years of age group. Construction activity will get a boost due to this decision and address the issue of reverse migration of labourers to some extent the real estate experts believe. Ashok Mohanani, President, NAREDCO Maharashtra said, After the record spike in Covid-19 cases, the next phase of Covid-19 vaccination to those above 18 years of age is a great move by the Government. It will boost the construction activities also we hope that the vaccination drive will be expedited further, mitigating the risk factor. We have made the Antigen test mandatory for all the migrant workers as per the Government guidelines till they get vaccinated. Labourers are the most vital and integral part of real estate development and taking utmost care of them is our paramount respo

COVID-19 in Mumbai: Amid spurt in cases, BMC allows architects, supervisors, engineers at construction sites

COVID-19 in Mumbai: Amid spurt in cases, BMC allows architects, supervisors, engineers at construction sites
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Why may it be a good idea for homebuyers of Maharashtra, Madhya Pradesh and Karnataka to buy homes before March 31, 2021?

: Saturday, March 6, 2021, 1:10 PM IST Why it may be a good idea for homebuyers of Maharashtra, Madhya Pradesh and Karnataka to buy homes before March 31, 2021? Why may it be a good idea for homebuyers of Maharashtra, Madhya Pradesh and Karnataka to buy homes before March 31, 2021? Representational image/ pixabay State governments like Maharashtra, Madhya Pradesh and Karnataka reduced stamp duty to provide relief to home buyers and also to give a boost to the real estate industry that was hit by COVID-19. This is a good enough reason to buy a home in these states. In addition, now with lenders/banks offering special offers for home loans, the cost of owning a home goes down further. However, these offers are only valid till March 31, 2021.

Reduction In Home Loan Rates Will Help Demand Side Immensely : What Experts Say On Recent Cuts In Home Loans

ICICI bank reduced its interest rate on home loans up to ₹75 lakh to 6.70 per cent The country s top lenders including State Bank of India (SBI), Kotak Mahindra Bank, HDFC Bank, as well as ICICI Bank recently reduced the interest rates on home loans. Along with the low-interest rates, the banks are providing various offers including discounts on processing fees or special benefits for women customers to lure home buyers. On Friday, March 5, the country s leading private lender ICICI bank announced that it reduced its interest rate on home loans up to ₹ 75 lakh to 6.70 per cent, its lowest in 10 years. ( Also 

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