The Supreme Court has upheld the right to open spaces in Navi Mumbai, while the Bombay High Court has struck down the Centre’s move to grant post-facto Coastal Regulation Zone (CRZ) clearances. Both decisions reinforce our constitutional rights to a healt
EnvironmentNavi MumbaiOpen SpacesCrz ClearancesEnvironmental RegulationsReal Estate MumbaiOct 07, 2024
The Supreme Court's decision upholds the right to open spaces in Navi Mumbai, reinforcing the constitutional rights to a healthy environment and highlighting the importance of maintaining green areas in planned cities.
The Bombay High Court ruled that the Centre's move to grant post-facto CRZ clearances was non-statutory and not legally permissible, as it would have opened the floodgates for regularizing projects that violated environmental laws, causing severe environmental damage.
AMRUT recommends a benchmark of 10,000 square meters of open space per thousand population, while Navi Mumbai has only 3,000 square meters (0.3 ha per 1,000 people), which is significantly below the recommended standards.
The ‘pollute and pay’ syndrome refers to the practice of allowing projects to pollute and then paying a nominal penalty to regularize violations. This approach is discouraged as it undermines environmental laws and can lead to severe long-term damage.
The destruction of mangroves and wetlands in Uran taluka has led to unseasonal floods and the inundation of paddy fields, demonstrating the severe consequences of such environmental violations and the need for stricter regulations and enforcement.
The luxury real estate market in Mumbai is experiencing a slowdown as potential buyers become more cautious. Industry insiders provide insights into the factors contributing to this trend.
Uttar Pradesh Real Estate Regulatory Authority introduces QR codes for new real estate projects to ensure transparency and accountability.
The real estate market in Mumbai has seen a significant surge, with over 1.41 lakh property units registered in 2024, marking a 13-year high. This trend indicates the robust economic activity and the growing appeal of Mumbai's property market as a long-te
Global investment giant Blackstone is set to acquire a 14.3% stake in Kolte-Patil Developers, a prominent real estate company in India, through an open offer. This strategic move underscores Blackstone's commitment to the Indian real estate market.
Mumbai-based space start-up Manastu Space has successfully test-fired its home-built green propulsion system, Vyom 2U, on the PSLV Orbital Experimental Module-4 (POEM). The thruster was fired for 30 seconds, tilting the platform by 24 degrees and impartin
While festive offers are tempting, real estate experts advise homebuyers to scrutinize the fine print and assess the true value of the add-ons.