The National Green Tribunal's directive has become a pivotal juncture for Mumbai's real estate sector, halting around 200 projects across the city's metropolitan region, particularly those within a 5-kilometer radius of key ecological zones.
Mumbai Real EstateEcosensitive ZonesNgt DirectiveEnvironmental ClearancesSanjay Gandhi National ParkReal Estate MaharashtraDec 31, 2024
The NGT directive mandates that real estate projects exceeding a built-up area of 20,000 square meters within a 5-kilometer radius of eco-sensitive zones must obtain environmental clearances from central authorities instead of state authorities.
The affected eco-sensitive zones include the Sanjay Gandhi National Park in Borivali, the Flamingo bird sanctuaries in Thane and Navi Mumbai, and the Tungareshwar Wildlife Sanctuary in Vasai-Virar.
The directive has led to regulatory uncertainty and delays in project approvals, causing significant financial ramifications for developers due to rising costs and extended timelines.
CREDAI-MCHI, the builders' association, has highlighted that the blanket implementation of the directive has failed to consider Mumbai's unique urban landscape, where eco-sensitive zones often overlap with high-density populations.
Developers have petitioned the Supreme Court for a temporary suspension of the directive and are calling for interim measures, such as allowing state-level hearings during the transition period.
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