NAREDCO urges government to address regulatory challenges affecting real estate development in cities like Mumbai, Chennai, and Kolkata.
Real EstateAviation RegulationsNaredcoUrban DevelopmentInfrastructureReal Estate MumbaiSep 11, 2024
NAREDCO is concerned about the regulatory challenges affecting real estate development in cities like Mumbai, Chennai, and Kolkata, particularly with regards to aviation regulations.
NAREDCO has recommended the relocation of certain aviation facilities, extending shielding benefits to include buildings and other structures, and conducting aeronautical studies to resolve legal issues.
The AAI is responsible for regulating aviation activities and ensuring safety standards in the industry, including determining areas eligible for shielding benefits and issuing No Objection Certificates (NOCs).
The height restrictions imposed by aviation regulations have significantly constrained real estate development in urban areas, limiting the construction of taller buildings and affecting the overall development of cities.
NAREDCO's mission is to promote and regulate the real estate industry, addressing various issues affecting the sector and promoting the development of the industry.
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