Important advice for apartment society residents during lockdown

Apartment societies can have anywhere from 5 families to 500 families living in the same society. Keeping so many people safe and protected is no simple task. You need to take some precautions so that no one in your society is threatened. Here's what you need to do now:

Control that enters your society

During lockdown, you are not supposed to leave your house and go out. You should practice strict social removal measures. But, you are allowed to go out when you need essential goods and you are allowed to use delivery services. Therefore, if you find anyone who is going against this order, you can restrict their entry. 

The use of a temperature gun is very important. This is one of the early warning signs of the virus and if you use this gun at points of entry, you can easily stop the spread of this corona virus. The temperature gun needs to be given to all security guards and they need to be trained on how to use it and how to report their findings.

Implement contact less delivery

If you are offering groceries and other essentials, opt for contactless delivery. This means that the delivery person will not be allowed to enter the society. They will be asked to leave the package at the gate, and you will have to collect it yourself. In this way less germ and less risk is brought into the society. You can pick it up whenever you want and cannot afford to come in contact with anyone from outside the society.

Shut down all Building facilities

Facilities such as gyms, children's play areas or parks, swimming pools, and others need to be closed immediately. This is to prevent people from gathering together and encourage social distance. But more importantly, people can be prevented in these facilities to avoid any viruses on the surfaces of the devices. The virus remains active for different periods of time on different surfaces, so no risk should be taken. You can always be fit and exercise at home.

Keep sanitizers at all entry points

When you leave your building and return, be sure to clean your hands before entering. Leave the bottles of sanitizer with the security guard and ask them to make sure that whoever enters the building uses it. It is also a good idea to have a sanitizer by lift so that people use it before and after using the lift.

Keep your employees safe

If you still have employees coming to work, such as security guards and maids, educate them and teach them how to properly wash their hands, maintain social distance, and wear masks during work. Provide them with the right tools so that they are not at risk of getting a virus or spreading the virus.

Tamil Nadu offers extension of three months on payment of property tax

Amidst the corona virus lockdown, Chief Minister of Tamil Nadu Edappadi K. Palaniswami extended the deadline for several loans and other payments to be paid appropriately by a quarter.

Chennai: To provide relief amid the COVID-19 lockdown, Tamil Nadu Chief Minister Edappadi K. Palaniswami noted in his address that property tax payments, water charges, agricultural loan installment to cooperatives, housing loan installment to cooperatives, Tamil Nadu Housing Board, Loan fisheries and hand loom cooperative society’s installments can be postponed by 3 months.

The government has also offered to extend the deadline for loan repayment to Tamil Nadu Industrial InvestmentCorporation (TIIC) and from StateIndustries Promotion Corporation of Tamil Nadu Limited (SIPCOT) then payment of maintenance expenses to units working in SIPCOT industrial undertakings.

According to Edappadi K. Palaniswami, a separate fund of INR 200 crore will be activated to finance the urgent requirements to run micro, small and medium sized units.

The extension also includes renewal of driving license and period of obtaining fitness certificate for vehicles till June 30, 2020.

Report suggests that RERAs extends the project deadline by 6–12 months

In a recent report by the PHD Chamber of Commerce, findings from various real estate bodies have suggested that the Center advise all the states to extend the deadline for Real Estate Regulatory Authorities (RERA) to complete projects ranging from six months to 1 year. Should be given just 3 months in the wake of the COVID-19 crisis and the ensuing nationwide lockdown.

The industry body has also proposed that a six-month suspension period be allocated for payment of local body taxes such as municipal taxes and property taxes.

It further suggested that current projects are considered assets to be loaned to developers.

The report states: “Stamp duty and registration fees should be reduced or waived on flats completed for a period of about one year. This will not only be a major challenge for the real estate sector, but it will also boost demand in key industries like cement, steel, electrical etc., while at the same time providing employment opportunities. This can go a long way in rejuvenating economic activities. "

It acknowledged that although the RBI's cut in the emergency rate would reduce interest rates, consumer sentiment should be further stimulated to buy a home.

According to the report of the Board of Industries, "It is suggested that the deduction in interest for home purchases should be reduced this year. For example, for the current year, the deduction of interest may be paid 200 percent of the interest. , Followed by deduction of 175 percent interest paid for the second year, 150 percent deduction of interest paid for the third year and so on. "

It has been suggested that the industry would be helped, such as during the COVID-19 crisis, that the minimum wages of construction workers would be borne by the government using labor funds collected by the developers.

The report also touched on a long-awaited request for industry status for the real estate sector.

Appointment of COVID-19 Marshal to oversee the measures at the construction site New Delhi

As construction work resumes, each construction site in New Delhi will have a COVID-19 marshal to ensure that hygiene measures are properly followed and Personal Protective Equipment (PPE) in labor protection camps has been provided with sufficient supplies.

As the Ministry of Infrastructure wants to start construction work in Tier-2 and Tier-3 cities and rural centers in three extended lockdown, the Center has issued guidelines that make it mandatory for every laborer to conduct a health check-up and it is necessary to stay. 

Every guideline has been chalked out for every construction site. According to sources, there will be a Nodal Officer or COVID Marshal at each work site who will be in charge for all health, sanitation and hygiene measures.

It will be necessary to tell every worker whether they come in contact with COVID-19 positive case and other health related details.

Then all the workers, including the worker workers, will be left at the work site for a fortnight. No workers will be allowed to leave the labor camp after completing the quarantine.

Soap and sanitizer dispensers will stall at the entry and exit points of the main construction site. The government has banned all tobacco products from work sites.

All workers will be provided with face masks, tissues, goggles and gloves. In charge of the cleanliness and cleanliness of those areas, coveralls will be given. All construction materials entering the site will be left incomplete for three days.

Weekly doctors will visit every construction site. In the event of a laborer developing a cough, cold, or other symptoms, an isolation facility will also be built at the work site.

Real estate welcomes lockdown extension, How to measure for liquidity crisis to seek loss

The health and safety of the nation is the focal point at this time. The real estate industry welcomed the Centre's decision to extend the lockdown period until 3 May. But as a body, it is also quick to provide a relief package to the government to alleviate the liquidity crisis faced by the builders and also allow limited construction activities with appropriate. 

“We support the Prime Minister's announcement on the extension of the lockdown. We are waiting for the roadmap to be presented by the government on April 20 and will also urge the government to allow limited construction activity as it will help the real estate sector to bring its economic movement in a formidable shape, "CREDAI.

It is anticipated that this will adversely affect an economy already under severe stress. Industry giants are looking for some measures that will keep businesses such as outright restructuring of bank loans from developers to deal with this liquidity crisis.

However, the cumulative approach of all veterans is that economic activities should start slowly including resuming construction activity at project sites.