The Indian realty sector and its current condition is going to have a profound impact on the country’s economy. This is because of a large number of individuals and businesses depend on the sector as it alone contributes 7-8% to the country’s GDP. A change in real estate prices leads to a change in the related businesses and individuals creating a ripple effect across the economy. Realtors are eagerly waiting for the government and banks to come up with relief packages and norms for resuming construction work. Amid all of this, the migration of laborers has further made the situations more complex for some developers.
While the real estate developers are keen on resuming their operations, the government has made it perfectly clear that sites following the rules of social distancing and sanitization protocols will only be allowed to function. This announcement requires developers to sternly and quickly look into the matters of hygiene and cleanliness of their construction sites, workers, contractors and another workforce present at their workplaces.
The altered working cycle with immense focus on cleanliness and hygiene is necessary to prevent the spread of the virus by breaking the chain of infection. There will be a significant change in operating standards of real estate construction management to keep the deployed workforce safe and healthy when realtors begin operating on these new principles and protocols.
