How migrant labour of our country get back to work?

As India enters 4.0 lockdown, the Narendra Modi led government is looking in every possible way to slowly resume economic activities. The Center has withdrawn its lockdown directive and only broad central guidelines and allowed states to follow their strategies for the gradual establishment of the economy. Therefore, the Modi government will have to come up with a big financial package, which will put money in the hands of the people so that they start spending on their essential needs.

To do this, workers must be assured that precautionary measures have been taken that require a strong message. In addition, the transport service is also required to return to the workplace with all health protocols, including facilities for daily commuting.

The migrant labor population is widely engaged in the transport, construction and MSME sectors. Getting them back to work is a challenge as we get out of lockdown but we have to assure them of their safety and health. Most people want to return home due to uncertainties combined with fear. The industry can play a major role at this time. State governments have started working towards restructuring the economy to allow for a regular job or assisted living which in turn will help them earn income and reduce savings after one month of lockdown.

The basic minimum living conditions will encourage them to return to work quickly. Authorities are working with skill occupations in the states, which map the skills of available laborers and accordingly ensure that they reach the nearest places where these skills are required in the industry.

Some economic activities, such as construction, may still require local labor from non-containment areas, and initially in small numbers. In rural areas, long-distance demand and supply chains of essential commodities are being opened through digital platforms by some state governments. But both central and state agricultural agencies will need to coordinate with district-level marketing boards to reroute supply chains to organized retail chains in cities and towns.

The government is required to play the role of a market proponent to improve economic duration. Manufacturing and construction companies have to get on track with better credit availability. Once manufacturing and manufacturing improve, more jobs will be possible. Better credit for companies will add liquidity to the economy.

RERA project deadline to bring relief to developers, relaxation to house buyers interests

Although MSMEs, NBFCs and HFCs were the main focus of the Finance Minister's address, the real estate sector also received a major boost from the announcements made by Nirmala Sitharaman on Wednesday. Giving a major relief to real estate developers, FM extended the timeline for completion and registration of the project by 6 months.

The move will help the developers immensely as construction activity is grinding across the country. The wait for house buyers gets a bit long, but it was inevitable.

Including COVID-19 in the definition of “Force Measure” or “Act of God”, and the State / UT Regulatory Authority to revise the lawsuit on the moto and the date of registration and completion of projects by 6 months, in advance there is a boost for the sick. It is slated to combat disruption caused by epidemics. "This will not only provide more time for the project to be completed without any obligation for delay in completion of the project, but also prevent them from facing legal matters due to delays limited to this 6-month extension window. Will give,” a tax expert said.

While COVID-19 dissemination has been challenging for many sectors, including real estate, with many research reports in this area it appears encouraging that real estate is still considered the best investment option. This will be further strengthened by the Finance Ministry with various liquidity measures that will help reduce the rigidity currently being seen in the Indian real estate market.

In addition, the announcement of Rs 30,000crore special liquidity plan for NBFCs / HFCs and MFIs will ease the liquidity misery of stressed stakeholders. This would greatly benefit the real estate sector, given that NBFCs and HFCs are its main lenders.

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.

RERA real estate Karnataka projects extends deadline to three months

Since the Karnataka Real Estate Regulatory Authority (RERA) has disrupted the supply chain of building materials across the country due to the lockdown, the extension of all residential buildings in Bengaluru has passed on completion. MAHA RERA had also extended the deadline to complete the projects by 3 months.

Apart from the disruption in the supply of construction materials, most of the labor workforce has also moved back to their house-towns. Given that the present conditions are not conducive to construction work.

The Karnataka RERA Authority has extended the project deadline by 3 months for all RERA registered projects, with the completion date expiring on or after 15 March 2020.

As per the Real Estate Act 2016 all the statutory compliance deadlines and rules and legislation which were to be held in March, April and May 2020 have been extended till 30 June 2020.

What are the important precautions need to take care after lockdown?

As we make our way into normal life, there are still things we need to be cautious about. We still need to do our best to stay safe and protect ourselves, as well as the people around us.

We can no longer be careless and as things return to normal, they are far from it. But we cannot stop life; we need to bring back our regular routine, but keeping safety and our health in mind. Here are some precautions you need to do now –

1.  Wear a mask when you are out of the house. Even if it is going for a walk inside your construction society, you should wear a mask.

2.  Avoid social gatherings. It is very enticing to catch all the people you missed during the lockdown, but do not meet in groups. Try to catch as much as possible through a phone call or video call.

3.  Build and carry a safety kit. Like a first aid kit, a safety kit should have basics such as:-

• A face cover - This will help prevent you from touching your face when you exit.
•  Hand Sanitizer - This should be handy when you are going out or otherwise.
•  Hand Soap - If you are going out and have a soap bar in place, it is better to use your own soap.
•  Gloves - This is required when you are touching high contact surfaces such as lift buttons, ATMs etc.
•  Toilet seat sanitizer and tissue paper - If you are using the toilet at work or anywhere, you will need to keep both of these items with you.
•  Tissue - If you have a cold or allergic cough / sneeze, be on the safe side and cover your mouth with a tissue every time you cough. You need to throw the tissue in the bin as soon as possible.

4.  Do not take a shared ride in a cab or auto. Sit on the back seat and place your mask exclusively in the cab.

5.  Try and spend less time on the roads, especially if you do not have your own transport. Talk to your company to find out if you can travel during non-peak hours.

6.  If you are using public transport such as rail, metros and buses, use gloves when you are sitting on the railings and transacting money. Use an e-wallet and pass to avoid touching as much money as possible. If you can't avoid it, use the sanitizer as soon as you do.

7.  Avoid crowded lifts, take the stairs or wait for the next lift. If you are using stairs or escalators, do not touch the railing.

8.  At work, make sure you have tissue on your table and a sanitizer. As you work, wipe your desk, mouse, keyboard, and screen with a sanitizer or alcohol rub.

9.  Make sure that there is enough distance between you and your colleague when you are at your work center. There should be a minimum distance of 6 feet between you and the next person.

10.  If you need to have meetings, try calling them, especially if it is for a group of more than 5 people.

11.  Reduce the amount of paper you use, send documents digitally and have an e-signature. This will cut down on the amount of paper you come in contact with.

12.  If you have your meal at the office, make sure to at least carry your cutlery. Avoid using shared cutlery.

13.  When you return house, wash your hands immediately. If possible, take a shower as soon as you get house.

14.  At house, keep your house clean and hygienic regularly.

15.  When possible, get professionals to visit and consecrate your house, apartment building, and workplace. This needs to be done regularly until the number of cases is zero.

STAY HOME, STAY SAFE, STAY ALIVE