Environmental Activism Slows Real Estate Growth in Pune
Pune's real estate sector is facing challenges due to persistent activism and stringent environmental regulations, causing delays in project approvals and increased regulatory scrutiny.
Real EstatePuneEnvironmental ActivismMpcbCredaiReal EstateJan 19, 2025
Speaking at a real estate expo, Kaneria highlighted an increase in show cause notices from pollution control authorities, driven by complaints from activists.
'The green norms are very complex, and it is extremely difficult for developers to comply with them in their entirety.
Developers usually approach the Maharashtra Pollution Control Board (MPCB) with their grievances,' he explained.
MPCB officials maintained that they provide sufficient time for developers to respond to show cause notices.
'However, the board will have to take action against those who fail to rectify their irregularities,' stated an MPCB official.
This regulatory action has led to several large real estate projects being stalled, which is expected to impact the supply of new homes in the city, as noted by Bharat Agarwal, president of Naredco Pune.
Ranjit Naiknavare, president of Credai Pune, defended the developers, stating that they do follow anti-pollution rules.
'The dust primarily comes from infrastructure works such as road construction and metro projects.
Most developers are adhering to municipal norms to avoid dust pollution by using green nets for barricading and watering structures,' he said.
The real estate sector in Pune is grappling with these challenges, which are not only delaying project timelines but also increasing costs.
Developers are urging for a more balanced approach to environmental regulations that supports sustainable development while also considering the economic impact on the industry.
Frequently Asked Questions
What is the main issue affecting the real estate sector in Pune?
The main issue affecting the real estate sector in Pune is the persistent environmental activism and stringent regulatory scrutiny, which is causing delays in project approvals and increased costs.
Who is Manish Kaneria and what did he say about the situation?
Manish Kaneria is the head of the environment committee of Credai. He stated that the green norms are very complex and difficult for developers to comply with, leading to an increase in show cause notices from pollution control authorities.
How are MPCB officials responding to the complaints?
MPCB officials are granting enough time for developers to respond to show cause notices. However, they will take action against those who fail to rectify their irregularities.
What is the impact of regulatory action on the real estate sector in Pune?
Regulatory action has led to the stalling of large real estate projects, which is expected to affect the supply of new homes in the city.
What measures are developers taking to comply with environmental norms?
Developers are adhering to municipal norms to avoid dust pollution by using green nets for barricading and watering structures. They are also working to comply with anti-pollution rules, although they face challenges from infrastructure projects like road construction and metro works.
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