NAREDCO urges UP CM to provide relief to real estate developers amid pandemic ...Middle East

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NAREDCO urges UP CM to provide relief to real estate developers amid pandemic
source : Devdiscourse ( Middle East ) () 27
Real estate body NAREDCO on Wednesday said it has requested Uttar Pradesh Chief Minister Yogi Adityanath for an 18-month interest-free period for developers for clearing outstanding land dues, lease rent and other payments amid the second wave of the COVID-19 pandemic. The National Real Estate Development Council (NAREDCO) has also sought extension of time period for completion of projects, among other relief measures to mitigate problems in completing construction and handing over possession of flats to allottees. In a letter to the chief minister, NAREDCO UP Chairman R K Arora said the real estate industry, in spite of its vast potential and capabilities to support the economy, has been ''

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