NEW DELHI: CREDAI, a developer organization, has confirmed that there has been no significant impact of the new Omicron variant on the Indian real estate market and that the growth momentum after the festive sales is expected to continue.

At this time, CREDAI does not expect any disruption to the pace of construction of the project and deliveries will also proceed as promised, unless there is a significant increase in infections in the coming months.

Harsh Vardhan Patodia, President of CREDAI, said: “Developers have learned from the previous two waves of the pandemic and are fully prepared to deal with any disruption related to the supply chain and labor supply. work to a large extent.

Construction of the current projects is continuing as planned so that buyers can take possession of them on time. New project launches will also not be affected.

However, we urge the government to exempt real estate and construction from any future foreclosures or curfews, as stopping construction activities will also have a severe impact on construction workers and economic recovery. “

Patodia added, “We have introduced a few measures to contain the spread by encouraging our member developers to harness the power of digitization and follow rigorous covid security guidelines in their offices and projects. “