Aviation Constraints Hold Back Urban Real Estate Development: NAREDCO Seeks Govt Intervention
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
In a bid to help resolve the issue, the developers' body has made certain recommendations that were discussed during a recent meeting with a Joint Working Group, which included an Expert Committee led by Fali Major, NAREDCO said in a release.
The height restrictions imposed by aviation regulations have significantly constrained real estate development in urban areas. Our recommendations are designed to unlock the potential of these cities while maintaining safety standards, said G Hari Babu, National President of NAREDCO.
Among the key points presented were the relocation of certain aviation facilities, such as High Frequency Transmitter (Tx) and Receiver (Rx) stations, outside of main city areas. This would allow for taller buildings in cities like Mumbai, Chennai, and Kolkata without compromising the quality of High Frequency signals.
NAREDCO has also recommended extending shielding benefits--currently applicable only to natural terrains--to include buildings and other structures, thereby facilitating taller constructions in specific areas.
The association has also suggested that the Airports Authority of India (AAI) use more accurate contour data when determining areas eligible for shielding benefits, as the current data has a high margin of error.
Additionally, NAREDCO proposed conducting aeronautical studies to resolve legal issues without the immediate need for demolishing existing buildings, offering a more practical and less disruptive solution.
Another recommendation focused on making existing regulations more flexible concerning the location of approach surfaces when the runway threshold is displaced due to obstacles.
NAREDCO also highlighted the two previously accepted recommendations that are yet to be implemented. These include allowing a 0.5-meter vertical height tolerance during construction and redesigning approach and landing procedures to reflect this change.
Other important issues discussed included revising how height restrictions are calculated near airports, extending the validity of No Objection Certificates (NOCs) affected by the pandemic, and clarifying new regulations related to aerodrome obstacle surfaces.
NAREDCO is the apex body of real estate developers and builders in India, with a mission to promote and regulate the real estate industry. The organization has been actively involved in addressing various issues affecting the sector, including regulatory challenges and infrastructure development.
The Airports Authority of India (AAI) is a statutory body under the Ministry of Civil Aviation, responsible for the development and management of airports in India. The AAI plays a critical role in regulating aviation activities and ensuring safety standards in the industry.
Frequently Asked Questions
What is NAREDCO's main concern regarding real estate development in urban areas?
NAREDCO is concerned about the regulatory challenges affecting real estate development in cities like Mumbai, Chennai, and Kolkata, particularly with regards to aviation regulations.
What recommendations has NAREDCO made to address these challenges?
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.
What is the role of the Airports Authority of India (AAI) in regulating aviation activities?
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).
How do height restrictions imposed by aviation regulations affect real estate development in urban areas?
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.
What is NAREDCO's mission and objective?
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.
Related News Articles
Top Stock Picks for Short-Term Gains: Bajaj Finserv, HDFC Life, HDFC Bank, and LIC Housing Finance
Market tech analysts Soni Patnaik, Mitessh Thakkar, and F&O analyst Rajesh Palviya recommend these stocks for short-term gains.
Mumbai's First Underground Metro Line Nears Completion: A Boost to the City's Infrastructure
The Mumbai Metro 3's Phase 1 is set to start operations soon, with 97% of the work completed. This underground metro line is expected to revolutionize the city's transportation system.
Repo Rate Cut to Boost Property Investment and Fuel Housing Demand
Real estate developers and experts have said that the RBI's decision to slash the repo rate by 25 basis points will support homebuyers and fuel housing demand as home loan EMIs are expected to go down.
Pune Sees a Surge in Property Registrations in November 2024, Boosting Stamp Duty Revenue
Real Estate - Pune registers 13,371 properties in November 2024, generating INR 475 cr in stamp duty revenue.
Diwali Boosts Property Sales in Mumbai by 22%
Diwali has significantly lifted Mumbai's real estate sales by 22.18% in October 2024, with the state of Maharashtra experiencing an 8.20% increase and a notable 44.21% year-on-year revenue jump.
Bhosari MLA Mahesh Landge Calls on Pankaja Munde to Address Pimpri-Chinchwad Air Pollution
Bhosari MLA Mahesh Landge has written to Environment Minister Pankaja Munde, urging immediate action to tackle the rising levels of air pollution in Pimpri-Chinchwad. The letter highlights the impact of urbanisation and real estate development on air qual