Merlin Group Welcomes PM's Economic Package

Shri Sushil Mohta, President, CREDAI West Bengal and Chairman, Merlin Group speaking about the economic stimulus said, "The direct & indirect impact on the economy with our Industry has been surely the highest. This is because the construction sector employs uneducated construction workers, semi-skilled workers like housekeeping and security staff, skilled labour like electricians and plumbers, graduates like engineers and managerial personnel. This of course does not account for the retail workforce working in the malls or the construction material supply chain ecosystem employees. While the construction sector is fortunate enough to contribute to state and Central revenues through stamp duty, sanction fees and related charges, GST on flats and construction materials etc, it needs Governments intervention in this hour of crisis."   Shri Saket Mohta, Managing Director, Merlin Group stated, “We welcome the decision of Prime Minister to provide the 20 lakh Crores economic package for the development of the economy of India. We are looking forward to the announcements of the Finance Minister for the upliftment and development of the real estate industry which is already reeling under crisis in the on going Covid 19 crisis. Real Estate -construction sector, 2nd highest job provider and supporting 300 industries, can be the engine for restarting the economy of country.We will hopeful that the finance minister will announce sops for the housing industry which was mentioned by the Hon’ble Prime Minister.