NAREDCO urges government to tackle regulatory hurdles impacting real estate growth in cities like Mumbai, Chennai, and Kolkata.
Real Estate DevelopmentAviation ConstraintsUrban PlanningNaredcoAaiReal EstateSep 11, 2024
The height restrictions imposed by aviation regulations have significantly constrained real estate development in urban areas.
NAREDCO has recommended relocating aviation facilities, extending shielding benefits, and conducting aeronautical studies to resolve legal issues.
AAI is responsible for determining areas eligible for shielding benefits and ensuring safe and efficient air travel.
Implementing NAREDCO's recommendations would unlock the potential of cities like Mumbai, Chennai, and Kolkata while maintaining safety standards.
Some of NAREDCO's recommendations have been accepted, but are yet to be implemented, while others are still under consideration.
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