The two months prolonged lock down due to Covid-19 pandemic has been catastrophic for all businesses across the world. In Assam, the lock down has practically stopped all economic activities in all the sectors including the real estate sector. The real estate sector contributes up to 7% to 8% in the country’s total GDP. The ongoing Covid-19 lock down, currently in its 4th phase, has significantly affected the dynamics in terms of labour availability, and there is a fear the cost of production will increase and that may lead to price inflation from the supply side.
Our Managing Director, Mr. Manoj Jalan discusses these strategic issues facing the real estate industry and the possible effects of a long Covid-19 lock down in an interview with ETV Bharat.
In the interview, Mr. Jalan speaks about labour availability and stresses that although the Government has allowed resumption of work with 15% occupancy, yet it has not been possible because labour movements in the orange and red zones which are Covid-19 affected, are restricted. He speaks on a variety of other pertinent issues facing the real estate industry. Please watch the video interview for more details.
