Covid19 Impact: Realtors’ body NAREDCO urges for $200 billion package for economy

Covid19 Impact: Realtors’ body NAREDCO urges for $200 billion package for economy

As the sector accounts for 6-7% of India’s GDP and employs nearly 10-11% of population, Real estate developers’ body the National Association of Real Estate Developers Council has urged the government to focus on the demand of the developers. The pandemic has stalled all activities in the sector apart from disrupting the businesses across the country.

MUMBAI: Real estate developers’ body the National Association of Real Estate Developers Council (NAREDCO) has sought $200 billion relief package from the government to ease the impact of COVID19 on various sectors in the economy.

As the sector accounts for 6-7 per cent of India’s GDP and employs nearly 10-11 per cent of population, the body has urged the government to focus on the demand of the developers.

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