the real estate sector met with Hon’ble Union Minister, Shri. Bhupendra Yadav, Minister of Environment, Forest and Climate Change to discuss the issue of successive construction bans. Mr. Manoj Gaur from CREDAI NCR, Mr. Lalit Aggarwal-Vice Chairman-Signature Global, Harsh Bansal-Owner, Unity Group, Vipin Aggarwal, CMD, Nimbus Group and Satish Garg from Nirman Udyog Morcha were among the distinguished personalities present at the meeting.
Mr. Lalit Aggarwal, Co-founder & Vice Chairman, Signature Global (India) Limited, highlighted the problems associated with the ad hoc blanket ban on all construction activities. He said that the delays in construction and the increased cost of construction leads to further delays for customers to get possession of their completed properties. He requested the ministry to provide some flexibility either in the RERA deadlines or allow those activities which do not create pollution like painting, plumbing, wiring and soon.
Mr. Aggarwal further added that the construction ban not only causes bottlenecks leading to the loss of jobs of lakhs of construction workers but also causes huge losses to other allied industries related to the real estate sector. He suggested that the construction ban should be implemented only on a selective basis so that the health of people, employment, real estate business as well as the interests of the common home buyers are not affected.
