The Confederation of Real Estate Developers’ Associations of India (CREDAI) has written to the Uttar Pradesh Chief Minister requesting to extend the deposit dates of all the dues related to Noida, Greater Noida, and Yamuna Authority to 18 months without any interest so that the developer could begin construction work first and pay the liabilities once the lockdown is lifted.

After a brief lull in 2020 due to the pandemic and the lockdown that affected all industries, the Indian steel industry is expected to bounce back to a robust growth phase in 2021. Recovery in demand is already visible in the construction, automobile, and white goods segments.

Over twenty-two thousand active covid-19 cases have been reported in India, out of which around eight thousand cases have been cured. (Source: www.mygov.in dashboard, as of April 29th 2020).

Over 1.6 million positive cases and around hundred thousand deaths have been reported world over, and the number seems to be only growing (at 2.68 percent on a daily basis), as per World Health Organisation’s (WHO) Covid-19 dashboard.

The world is witnessing unprecedented times. The World Health Organisation (WHO) has declared the COVID-19 coronavirus to be a controllable pandemic and has advised governments across the world to adopt comprehensive measures to contain its spread.