State Continues To Dole Out Sops To Struggling Real Estate Sector

Govt. to help relax ban on construction in buffer zone of flamingo sanctuaries.

- Sharad Vyas

As part of the series of concessions being granted to the real estate sector, which is facing a credit crunch, the State government aims to help relax the ban on construction in the buffer zone around flamingo sanctuaries in Mumbai and Thane.

Ahead of the Assembly polls, the State government is pushing the Union Ministry of Environment, Forest and Climate Change (MoEFCC) to notify Eco Sensitive Zones (ESZs) around the sanctuaries. The notification will help real estate developers seek a relief from the ban imposed by the apex court on construction within the buffer zone. Real estate bodies have submitted an affidavit to the courts on the need to lift the ban for the benefit of the industry.