Resurgent Covid: Rising infections to subdue growth
By IANS |
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Growth chart. (File Photo: IANS). Image Source: IANS News
New Delhi, April 7 : Resurgence of Covid-19 cases, along with high inflationary pressure is likely to subdue the economic recovery process, fear industry insiders.
Besides, economy watchers cite partial restrictions as well as localised lockdowns as real demand killers .
However, the shock of the initial lockdown in 2020 is not expected to be repeated this time around due to excessive liquidity, low interest rates, combined with the experience gained by India Inc in handling the situation last year.
Similarly, the expansion in e-commerce space by companies is also expected to play a crucial role during this period.
DDA’s Green Development Area policy will push the real estate growth: NAREDCO
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In the seminal titled ‘Consultative Process on DDA Green Development Policy’, Rajeev Talwar, Chairman, NAREDCO, said that a huge number of people have invested in land and expected that a change will come in policy through which they will be able to monetise and give a direction to new development in the region.
ET Bureau
DDA’s Green Development Area policy will bring a paradigm shift in Delhi in terms of curbing vehicular pollution and push the real estate growth, according to the National Real Estate Development Council (NAREDCO).
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New Delhi: With the Delhi Development Authority (DDA) has proposed to make modifications to the Master Plan-2021 for incorporating the Green Development Area Policy, the National Real Estate Development Council (NAREDCO) organised ‘Consultative Process on DDA Green Development Policy’ Hybrid event today.
While addressing the NAREDCO workshop, Ms. Manju Paul, Addl. Commissioner, Planning, Delhi Development Authority (DDA), said, “The Green Development Area Policy is extremely important and DDA is very keen to implement it without any delay.”
Ms. Paul also appreciated the NAREDCO’s efforts in organising this consultation and indicated that the recommendations, as received would be put up to the board of inquiry and suggestions incorporated in the policy. She also indicated that the DDA would also invite NAREDCO for presenting their recommendations to the board of inquiry. The regulations will lay down a detailed procedure to ensure implementation of the polic
In a meeting with Rajendra Kumar Tiwari, Chief Secretary, UP and Additional Chief Secretary, Industry, Arvind Kumar real estate developers put up various suggestions to complete construction and give delivery of maximum housing units to allottees.