Delivery of nearly 5,000 housing units offered since lockdown in Noida, Greater Noida: NAREDCO-UP

The Uttar Pradesh chapter of realtors’ physique NAREDCO on Monday mentioned its member builders have offered supply of nearly 5,000 housing units in Noida and Greater Noida since the imposition of COVID-19 lockdown.

These units are from 5 main actual property teams — Supertech, Migsun, Panchsheel, Sikka and Trident. Details from different members concerning their deliveries in Gautam Buddh Nagar district have been sought, NAREDCO-UP mentioned in an announcement.

NAREDCO-UP president R Ok Arora expressed optimism on the true property sector, which had come to a grinding halt since the lockdown in March, returning to tracks quickly.

“Based on the available data, NAREDCO member developers like Panchsheel Group offered delivery of approximately 1,100 units, Migsun Group 1,225 units, Supertech Group 1,976 units, Sikka Group 250 flats and Trident Group 350 units after the implementation of the lockdown,” Arora was quoted as saying in the assertion.

Details of flats offered by different member builders are additionally being collected, Arora, who can also be the chairman of Supertech Group, mentioned.

He mentioned the UP chapter of the National Real Estate Developers Council (NAREDCO) has made efforts to deliver again the migrant staff who had left development websites amidst the lockdown.

The builders’ physique had signed a Memorandum of Understanding with the UP authorities for rehabilitation of migrant staff, on the premise of which many of them have been introduced again from totally different elements of the state and offered job, lodging, meals and crucial amenities in order to renew development, he mentioned.

“With the joint efforts of all developers, the workers could be brought back and construction resumed at sites. In spite of all odds, the developers have been able to give possession of an impressive number of units to buyers since the implementation of lock down,” he claimed.