Lockdown impact: CREDAI Pune writes to Maha govt

09 Apr 2021 Editorial Team

The Pune chapter of the Confederation of Real Estate Developers Associations of India (CREDAI), the apex body for private real estate developers, has written to the Maharashtra government about contradictions in the recent break-the-chain lockdown order pertaining to the real estate sector.

CREDAI鈥檚 letter states that the site offices and construction activities of realtors are allowed, but the head offices have been asked to stay shut鈹乭ampering work because allied operations run primarily from the head offices.

The letter mentioned that several verticals such as marketing, sales, bills recovery, payment of labourers and suppliers need office spaces to function properly.

CREDAI Pune Metro, which is an association of builders and promoters in Pune and Pimpri-Chinchwad municipal areas, has around 1,400 members.

Over 5,000 construction projects in Pune, Pimpri-Chinchwad and Pune Metropolitan Region Development Authority (PMRDA) had come to a halt due to the Covid-induced lockdown last year.

As the so-called second wave of the pandemic strikes a repeat of the health crisis in the state, especially in Pune, Maharashtra government has clamped down restrictions announcing weekend lockdown and night curfew across the state. Pune Municipal Corporation has also ordered the closure of all establishments and markets except the essential services shops till April 30.

Also read: New construction guidelines in Maharashtra during Covid

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..