By Bricksnwall | 2023-10-03
Real
estate developers are worried about the development ban and how it may affect
project delivery in light of the pollution crisis in Delhi, NCR.
The real
estate industry may face difficulties as a result of the government's decision
to prohibit building in order to compensate for the deteriorating air quality.
But in our opinion, this action is crucial to balancing the growing pollution
levels in and around the nation's capital. Nayan Raheja of Raheja Developers
stated, "We aim to continue with soft operations that do not contribute to
pollution in order to continue the construction process.
While
environmental protection is critically needed, it will present challenges for
both builders and homebuyers in the real estate market.
Still,
we'll try to continue doing things like installing equipment and remodeling
interior spaces that don't harm the environment. Only following the
government's regulations will do this, but in order to prevent significant
backlogs in work, we must make sure that as many duties as possible are
completed," said Mohit Goel, MD of Omaxe Group.
Still,
we're determined to carry on with our business in a way that respects government
regulations and the preservation of the environment. According to County Group
Director Amit Modi, non-environmentally harmful chores like installing
equipment and beautifying the interior would take precedence.
Friday Delhi
was at the top of an IQAir-compiled list of the world's most polluted cities
in real-time, with an AQI of 611 in the "hazardous" category.
For a variety of reasons, the national capital's air quality deteriorates from October to November.