Activism and Strict Environmental Norms Hinder Real Estate Growth in Pune
Persistent activism and stringent environmental regulations are posing significant challenges to the real estate sector in Pune, according to industry leaders. The increasing number of show cause notices from pollution control authorities is causing delay
Real EstatePuneCredaiEnvironmental NormsActivismReal Estate PuneJan 19, 2025
Manish Kaneria, head of the environment committee of Credai (Confederation of Real Estate Developers' Associations of India), highlighted this issue on Friday.
He stated that there has been a surge in show cause notices from pollution control authorities, primarily due to complaints by activists.
Credai is a prominent body representing real estate developers in India.
'The green norms are incredibly complex, and it is extremely challenging for developers to comply with them in full,' Kaneria said at a real estate expo organized by the industry body.
He added that developers often approach the Maharashtra Pollution Control Board (MPCB) with their grievances, seeking assistance in navigating these stringent regulations.
MPCB officials, however, maintain that they provide developers with adequate time to respond to show cause notices.
'If the irregularities are not corrected within the given timeframe, the board will have to take action,' an MPCB official explained.
The impact of these regulatory actions on large real estate projects is significant.
Bharat Agarwal, president of Naredco Pune (Pune Real Estate Developers' Association), noted that many large projects are currently on hold due to environmental issues.
This situation is likely to result in a reduced supply of new homes, exacerbating the housing crisis in the city.
Ranjit Naiknavare, president of Credai Pune, acknowledged that developers are making efforts to comply with anti-pollution rules.
'Most developers are adhering to municipal norms to minimize dust pollution.
They are using green nets for barricading and regularly watering structures to keep dust levels under control,' he said.
However, Naiknavare pointed out that a significant portion of the dust and pollution comes from ongoing infrastructure projects such as road works and the metro.
The real estate sector in Pune is facing a complex challenge.
While the environmental activists and regulatory bodies are focused on protecting the environment, developers are struggling to balance compliance with the need to deliver housing projects on time.
This tension is likely to continue, with potential long-term implications for the city's real estate market.
Frequently Asked Questions
What is the main issue affecting the real estate sector in Pune?
The main issue affecting the real estate sector in Pune is the persistent activism and strict scrutiny of adherence to environmental norms, leading to increased show cause notices from pollution control authorities.
Who is Manish Kaneria and what is his role in this issue?
Manish Kaneria is the head of the environment committee of Credai. He highlighted the challenges faced by developers due to complex green norms and the increasing number of show cause notices from pollution control authorities.
How are developers responding to the environmental regulations?
Developers are approaching the Maharashtra Pollution Control Board (MPCB) with their grievances and making efforts to comply with anti-pollution rules, such as using green nets for barricading and watering structures to control dust.
What is the likely impact of these regulatory actions on the real estate market in Pune?
The regulatory actions on environmental issues are likely to affect the supply of new homes, as large real estate projects are getting delayed or stuck due to compliance issues.
What is the stance of the Maharashtra Pollution Control Board (MPCB) on these issues?
The MPCB officials state that they provide developers with enough time to respond to show cause notices. However, if the irregularities are not corrected, the board will have to take action against the non-compliant projects.
Related News Articles
Affordable Housing Supply Drops 21% in Top 7 Cities Amid Rising Demand for Premium Homes
Real estate consultant JLL India reports a decline in affordable housing launches, while premium home sales surge in top 7 cities.
Maharashtra Takes a Giant Leap in Semiconductor Manufacturing with RRP Electronics Ltd's New Facility
RRP Electronics Ltd launches Maharashtra's first OSAT/ATMP semiconductor manufacturing facility, marking a major milestone in India's semiconductor mission.
Police Cracks Down on Gangsters: 151 Cases Registered in Recent Raids
The Kerala police have intensified their efforts against gangsters involved in real estate, soil, and gravel quarrying activities, registering 151 cases in recent raids.
Pune: Sawai Gandharv Bhimsen Mahotsav Kicks Off, Full Schedule Inside
Pune: The much-awaited Sawai Gandharv Bhimsen Mahotsav, one of the most prestigious classical music festivals in India, starts today. Here’s everything you need to know about the schedule and highlights.
Hyderabad Surpasses Mumbai with Rs 1.15 Lakh Crore in Home Sales in 2024
Hyderabad has emerged as the leading city in the real estate sector, recording Rs 1.15 lakh crore in home sales in 2024. According to the latest report by CREDAI, the North West region of Hyderabad continues to dominate the residential market, contributin
Times Now to Absorb Mirror Now Employees: Shutdown and Transition Plan Revealed
Mirror Now, an English news channel, is set to shut down, with Times Now absorbing some of its employees while others are let go. The transition aims to streamline operations and enhance content quality.