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.
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