Pune real estate faces challenges from activism
Pune’s real estate sector, once a beacon of growth, now faces significant challenges due to rising activism and stringent regulatory norms. Industry leaders at a recent real estate expo, hosted by the Confederation of Real Estate Developers’ Associations of India (CREDAI), raised concerns about the mounting influence of activism and the intricate nature of environmental regulations. The interplay between these factors has created roadblocks for large-scale housing projects, potentially affecting the city’s supply of new homes.
Manish Kaneria, head of CREDAI’s environment committee, emphasised that the increasing number of show cause notices from the Maharashtra Pollution Control Board (MPCB) has created a climate of uncertainty for developers. While the board’s actions aim to ensure environmental compliance, Kaneria highlighted the complexity of Maharashtra’s green norms, which developers often find challenging to navigate. Regulatory hurdles, compounded by activist-driven complaints, have delayed several projects, forcing developers to engage with the MPCB for redressal. However, the persistent grievances underscore the need for a more collaborative approach between stakeholders.
Ranjit Naiknavare, president of CREDAI Pune, pointed out that developers are actively adopting measures to curb dust pollution and minimise their environmental footprint. Initiatives such as using green nets at construction sites and regularly watering structures reflect the sector’s commitment to sustainability. Yet, he noted that a significant share of dust originates from infrastructure projects like Metro construction and roadworks, not housing developments. These external factors further complicate the narrative, with developers bearing the brunt of activism that often overlooks broader contributors to pollution.
The delayed supply of housing is a pressing issue for Pune’s rapidly urbanising landscape. Bharat Agarwal, president of NAREDCO Pune, warned that regulatory bottlenecks are likely to hinder the timely completion of large-scale projects, impacting affordability and availability. The industry is calling for the simplification of green norms and regular engagement between developers, environmental authorities, and activists to address grievances constructively. This collaborative dialogue is essential for striking a balance between urban growth and environmental preservation.
Sustainability remains a central theme in these discussions. While regulations are critical for ensuring eco-friendly urbanisation, the industry emphasises the need for targeted enforcement that prioritises genuine violations over broad-based actions. Collaborative solutions are vital to align environmental goals with the city’s burgeoning housing demand. As Pune continues to grow, fostering a sustainable real estate sector that accommodates both development and ecological stewardship will be key to its success.
