Environmental Activism and Strict Norms Hamper Pune’s Real Estate Sector
The real estate sector in Pune is facing significant challenges due to persistent environmental activism and stringent adherence to green norms, impacting the growth of projects and the supply of new homes.
Real EstateEnvironmental NormsMpcbPuneActivismReal Estate MaharashtraJan 19, 2025
Speaking at a real estate expo organized by the industry body, Kaneria highlighted that the complexity of green norms makes it difficult for developers to comply fully.
Frequently Asked Questions
What are the main challenges faced by the real estate sector in Pune?
The main challenges faced by the real estate sector in Pune include persistent environmental activism, stringent green norms, and regulatory actions that have led to the stalling of large projects and affected the supply of new homes.
How are developers addressing the issue of dust pollution in Pune?
Developers in Pune are adhering to municipal norms by using green nets for barricading and regularly watering structures to control dust pollution, especially from infrastructure works.
What role does the Maharashtra Pollution Control Board (MPCB) play in regulating real estate projects?
The MPCB grants developers sufficient time to respond to show cause notices and rectify irregularities. However, they will take action against those who fail to comply with environmental norms.
Why do developers find it difficult to comply with environmental norms in their entirety?
The green norms are very complex, making it difficult for developers to comply fully. This complexity often leads to show cause notices and regulatory actions from pollution control authorities.
How is the stalling of large real estate projects affecting the housing market in Pune?
The stalling of large real estate projects due to regulatory actions on environmental issues is likely to affect the supply of new homes in Pune, potentially leading to a shortage of housing options for buyers.
Related News Articles
Mumbai Monsoon Mayhem: Traffic Chaos Brings City to a Standstill
Mumbai monsoon chaos, traffic congestion, Mumbai traffic police, rains in Mumbai, traffic update
MahaRERA Switches Back to Old Website Amid Technical Issues with MahaCRITI
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has temporarily switched back to its old website due to technical issues with the new MahaCRITI platform, causing delays in accessing key services.
Congress Government Pledges Full Support to the Real Estate Sector
Uttam Kumar Reddy, a prominent figure in the Congress government, reassured real estate developers of the government's commitment to full-fledged cooperation with the industry. Speaking at the 14th Edition of the Property Show, Reddy outlined several init
How Buyers Benefit from Realtors Using Technology in the Real Estate Industry
Platforms like Zoom have become indispensable for virtual meetings in the real estate industry. For buyers and sellers, these tools offer unprecedented convenience and efficiency.
Credai Urges Government to Exempt GST on Fees for Extra FSI
Credai, the leading real estate association, has urged the government to exempt GST on fees paid by builders for extra FSI. This move could significantly benefit the construction industry and boost housing projects.
Israeli Stock Market Climbs Higher; TA-35 Index Up 1.09%
The Tel Aviv Stock Exchange (TASE) saw a positive close today, with the TA-35 Index rising 1.09%. Shares in Mivne Real Estate KD Ltd reached a 52-week high, surging 2.93% to 1,124.00. Crude oil prices for February delivery also showed an upward trend.