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Aditya Thackeray appealed to NAREDCO for document of real estate monsoon challenges

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Maharashtra has tested over 75838 samples out of which only 6% of people are tested positive while 94% were negative.

Keeping in mind the challenges various industries are facing, NAREDCO hosts Shri. Aaditya Thackeray, Cabinet Minister, Tourism and Environment, Government of Maharashtra, to address the reeling issues of real estate while providing a roadmap for the future of Maharashtra. Reductions of stamp duty, Financial Stimulus were widely discussed but key focus was to rejuvenate every industry in Maharashtra post COVID-19 pandemic.

During the webinar Shri Aaditya Thackeray appreciated the real estate fraternity stating that “COVID 19 is the biggest crisis in the history of mankind and Real estate’s contribution to fight COVID19 is immense” he further added, “Only when we save lives, we can save the world from pandemic. Maharashtra has tested over 75838 samples out of which only 6% of people are tested positive while 94% were negative. Economic pain is immense however first priority today is to save lives. When we break the chain of this virus, we will be able to lift the lock down and focus on bringing back normalcy. We are working towards putting it all together and have a single clearance which will be brought in post COVID world.”

Shri Aaditya Thackeray also showcased a roadmap for the tourism in Maharashtra by bifurcating the tourism in 3 simple verticals as Eco Tourism, Heritage Tourism, Spiritual Tourism which would follow a PPP model. Connectivity to the tourist hotspots was also addressed along with the safety of the international women travelers across Maharashtra. He said, “Tourism is the most unexploited industry of Maharashtra”

To address the real estate’s monsoon challenges, he appealed to NAREDCO to send out a document with the list of requirements which would be addressed before monsoon. He said, “The government has taken step bit by bit and not jumped in the situation to keep a check on money at hand. We are also ensuring that all the pending work is completed before monsoon.” Currently the government is working toward flattening the curve of COVID 19 in the state. Post lockdown the government will work on a reformed way for SRA in 2020.

Webinar had prominent developers such as Dr. Niranjan Hiranandani, Mr. Ashok Mohanani, Mr. Vikas Oberoi, Mr. Rajan Bandelkar in Mumbai along with Mr. Bharat Agarwal from Pune and Mr. Rajanendra Wani and Mr. Sunil Gawade from Nashik. More than 2000 people were attending the webinar.

While commenting on the concerns of industry, Dr. Niranjan Hiranandani, National President, NAREDCO said, “While the entire real estate industry is holding hands of the government to together fight this pandemic, there are some challenges our fraternity is facing. We are taking care of food, shelter and sanitization of the workers at the construction sites, we request the government to give us the permission to begin the work at the sites as keeping a social distancing is possible on site.. Another suggestion we would like to make is of reducing the stamp duty in order to create demand of housing in Maharashtra and increasing the buying power of the consumer.” 

Adding to it Mr. Rajan Bandelkar, President, NAREDCO Maharashtra Said, “We urge the government to reduce the stamp duty prices by 50% in order to increase the buying power of the consumer and increase the demand of housing in Maharashtra. This is the only way our industry can make a comeback. He further added that we are following the guidelines of standard operating procedures during these challenging times. To ensure that we break the chain, developers have ensured that the labour work force is quarantined at the construction site with adequate supply for necessary resources while following social distancing.”

The entire industry along with citizens of Maharashtra is with the Chief Minister and together we will overcome this crisis and win.

ALSO READ: Why Real Estate During Lockdown, it ticks 3S’s – Safe, Stable & Secure Investment

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