Real Estate

Chairman of IIA-Kerala seeks incentives for construction sector

Our Bureau Kochi | Updated on April 27, 2020 Published on April 27, 2020

Sees housing demand going up post Covid, on reverse migration

The future of Kerala’s construction sector looks bright and promising in post-Covid days, as people’s reverse migration could be expected to accelerate the demand for housing in the State.

Besides, the proven healthcare system would give rise to additional infrastructure in healthcare facilities, turning Kerala into a destination for affordable medical treatment, said L Gopakumar, Chairman, Indian Institute of Architects-Kerala.

The containment of Covid-19 proved to the world that Kerala is a haven for people to settle in, post-retirement. Since industrial or agricultural growth in the State is an impossibility for reasons known to all, only building industry needs to be given priority, he said.

Sops sought

According to him, the construction industry in Kerala suffered huge setbacks in the last few years and Covid-19 inflicted another blow, forcing many projects to slow down or stop. The damage will be far-reaching, impacting individual builders, contracting firms, and the profession at large. Small businesses have been especially hit hard by the economic fallout.

The premier employer of Kerala is the construction industry and millions of daily wage labourers depend on it for livelihood. To ensure the flow of funds, he urged the government to design a bouquet of relaxations and incentives for the next one or two years.

Published on April 27, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!


Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.