HomeUncategorized

A construction halt in Delhi NCR could affect 50,000 residential units.

Views: 92
0 0
Read Time:1 Minute, 47 Second
A construction halt in Delhi NCR could affect 50,000 residential units.

According to a survey by Anarock, over 500,000 residential units under construction could be impacted by a construction restriction in Delhi-NCR due to severe pollution. If a construction embargo is implemented, as was done last year, it will have an impact on about 1 lakh units in Gurugram alone. The report also said that the prohibition would affect pricing and cause a delay in project deliveries.

The Greater Noida West, Yamuna Expressway, New Gurgaon, Noida Expressway, Dwarka Expressway, Central Noida, Sector 150 (Noida), Greater Faridabad, Raj Nagar Extension (Ghaziabad), Sohna Road, and Golf Course Extension Road are among the areas in Delhi-National Capital Region (DINCR) where 5.68 lakh residential units are being built at various stages. Together, these areas have more than 4 lakh units.

The typical completion time for residential projects in Delhi NCR is between 6 and 8 years, according to the report, so a construction ban based on air pollution might be a significant setback for these projects. According to Prashant Thakur, senior director and head of research at ANAROCK, recurring construction restrictions have negative effects. A one-month suspension of all construction work often adds three to four months to the completion date.

Advertisements

The Graded Response Action Plan (Grap) standards state that the construction ban on NCR won’t go into effect until the air quality falls into the very poor level. Due to the recent heavy rain and strong winds, Gurugram’s air quality has been considered to be good for the last three days.

According to Parveen Jain, managing director of Tulip Infrastructure and chairman of the National Real Estate Development Council, authorities should stop external construction instead of outright prohibiting real estate activity while allowing plumbing, wiring, tiling, plastering, and other activities. “Instead of prohibiting all operations, the construction ban should only apply to those that pollute the air with dust. In order to prevent the real estate sector from suffering, pollution must be reduced, he said.

Group Media Publication
Construction, Infrastructure and Mining   
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *