Real estate projects in Delhi are struggling to meet their deadlines due to stringent pollution control measures. Despite adhering to strict RERA guidelines, developers face significant challenges.
Delhi PollutionReal EstateConstructionReraDpccReal EstateNov 18, 2024
The main reason for delays in real estate projects in Delhi is the stringent pollution control measures imposed by the Delhi Pollution Control Committee (DPCC). These measures, often including bans on construction activities during high pollution periods, significantly impact project timelines.
RERA, or the Real Estate (Regulation and Development) Act, 2016, mandates developers to adhere to a variety of environmental and safety standards. This already imposes certain regulations on construction activities, but the additional pollution control measures add further complexity.
Developers face challenges such as increased costs, financial burdens, and the difficulty of rescheduling tasks. These measures can also lead to penalties and loss of client trust due to project delays.
Some developers are investing in advanced pollution control technologies to reduce emissions and comply with regulations without halting work. However, these technologies can be expensive, particularly for smaller developers.
The Graded Response Action Plan (GRAP) is a government initiative that categorizes pollution levels and outlines specific actions to be taken at each level. The goal is to provide a more balanced approach to pollution control, minimizing the impact on construction activities.
The India Meteorological Department (IMD) has predicted 'extremely heavy rainfall' for Gujarat and Maharashtra, with Mumbai on high alert and several states on orange alert.
Toronto real estate may seem boring these days, but cracks are quickly starting to appear in its foundations. RBC's Greater Toronto Area mortgage portfolio has seen serious mortgage delinquencies soar in Q3 2024.
Delta Corp Ltd’s shares saw a significant rise, closing at ₹122.65, up by ₹3.20, or 2.68% on the BSE. The company has announced a revised plan for the demerger of its hospitality and real estate businesses.
In a strategic move, The Westin has appointed Ekta Kanchan as the new Director of Marketing and Communications. With a robust background in the hospitality industry, Kanchan is set to lead the hotel's marketing and communications efforts to new heights.
The real estate sector has seen a significant boost with GeeCee Ventures Ltd reporting a 321% year-over-year revenue growth in the third quarter. This has led to a remarkable 13% increase in the company's stock, currently trading at Rs 444.50 per share, w
Forteasia Realty has made significant strides in the real estate sector, delivering 5.3 million sq. ft. of premium projects in just five years. In this interview, Managing Director Sandeep Mangla shares the company's vision, challenges, and future plans.