HomeLatest200 MMR Projects on Hold After NGT Directive

200 MMR Projects on Hold After NGT Directive

200 MMR Projects on Hold After NGT Directive

A recent ruling by the National Green Tribunal (NGT) has disrupted approximately 200 real estate projects in the Mumbai Metropolitan Region (MMR), as developers now face a bureaucratic impasse following the tribunal’s directive. The order, which mandates that all projects within a 5-kilometre radius of eco-sensitive zones secure environmental clearance from the central government, has created a severe bottleneck in the region’s development sector.

The NGT ruling, passed on August 9, applies nationwide, targeting projects exceeding a built-up area of 20,000 square metres within designated green zones, wildlife sanctuaries, or heavily polluted areas. In MMR, this affects several high-profile projects near the Sanjay Gandhi National Park, the Flamingo Bird Sanctuary in Thane and Navi Mumbai, and the Tungareshwar Wildlife Sanctuary in Vasai-Virar. While the directive affects both ongoing and new projects, the major concern for developers lies in the absence of clear guidelines from the Union Ministry of Environment, Forests and Climate Change (MoEFCC).

Developers report confusion, with state agencies unable to grant the necessary approvals, citing lack of jurisdiction post-NTG ruling. Meanwhile, central agencies, tasked with issuing clearances, have yet to establish a framework for evaluating these projects. Industry bodies like the National Real Estate Development Council (NAREDCO) have expressed frustration over the lack of an efficient system to implement the order, which has left developers with mounting costs and prolonged timelines. Builders have raised concerns over how this uncertainty affects not just ongoing projects but also potential launches, as many of these developments, including amendments to existing plans, require fresh environmental clearances.

The impact is not limited to developers but extends to homebuyers, as delays push back delivery dates. The issue has reached the Supreme Court, with CREDAI-MCHI—an association of real estate developers in Mumbai—seeking a stay on the order until a central appraisal committee is constituted to process these projects. The court is set to hear the case on January 21, with the MoEFCC directed to respond to the petitions. While state-level environmental authorities previously handled such clearances, the shift to centralised oversight has resulted in administrative chaos, exacerbating the situation for Mumbai’s already strained real estate market.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Zuari Agro Chemicals Faces Softer Quarterly Demand

Zuari Agro Chemicals Faces Softer Quarterly Demand

Zuari Agro Chemicals reported a weaker financial performance for the opening quarter of the financial year, with revenue declining to around ₹6 billion as...
India Steel Strategy Shifts Towards Value Products

India Steel Strategy Shifts Towards Value Products

India’s largest steelmakers are increasingly looking beyond expanding crude steel output and are instead prioritising value added manufacturing to strengthen earnings and improve capital...
Uttar Pradesh Cement Capacity Expansion Supports Infrastructure

Uttar Pradesh Cement Capacity Expansion Supports Infrastructure

India’s cement manufacturing landscape has entered another phase of expansion after Birla Corporation increased its installed cement capacity to 21.4 million tonnes annually following...
India Aluminium Extrusion Demand Drives Urban Growth

India Aluminium Extrusion Demand Drives Urban Growth

India’s aluminium extrusion market is poised for sustained expansion as demand from construction, transport, renewable energy and manufacturing sectors approaches 858,000 tonnes, reinforcing the...
India Steel Sector Gains Investment Grade Recognition

India Steel Sector Gains Investment Grade Recognition

India’s largest steel producer has secured a global investment-grade credit rating from Moody’s, a move expected to strengthen access to international capital as the...