- Persistent activism and regulatory scrutiny are posing challenges for Pune’s real estate sector, according to CREDAI representatives.
- Show cause notices issued by pollution control authorities based on complaints from activists are on the rise, adding to the industry’s woes.
- Developers are struggling to fully comply with Maharashtra’s intricate environmental regulations, leading to delays in project completion.
- Efforts to engage with authorities like the Maharashtra Pollution Control Board have not been entirely successful in resolving grievances.
- The delay in large real estate projects due to regulatory actions is likely to impact the availability of new housing in Pune.
- Developers are taking proactive steps to curb pollution, such as using green nets and regular dust management practices.
- External factors like dust from infrastructure projects are also contributing to environmental concerns in the city.
- The industry is calling for simplified green norms, constructive dialogue, and targeted enforcement to strike a balance between growth and compliance.
- Collaboration between developers, regulators, and activists will be crucial in ensuring sustainable development and growth in Pune’s real estate sector.
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