Editorial: Real Estate industry is a bad employer
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India, Aug. 14 -- image description
By Dr Sanjay Chaturvedi, LLB PhD
Not all but majority of the builders have stopped paying salaries to their regular employees on pretext of Lockdown. On condition of anonymity, an employee having middle level of employment with a builder who took thousands of crore saying that he got Rs25,000/- a month instead of his full salary. Hundreds and thousands of such full time employees are been not paid by the builders who are having huge projects and have availed crores of rupees as loan. From where is is suppose to pay his EMI and pay for the education of the children?
When project life is three to five years, builders get sales in last few finishing year. He puts his funds, either own fund or borrowed t...
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