THE CONSTRUCTION BAN due to the extreme pollution levels in the National Capital Region (NCR) and Mumbai could lead to delays in delivery of projects and pose labour challenges, according to real estate players and investors.
Mohit Goel, MD, Omaxe group, said, though the ban makes sense from the environment angle, it might delay delivery of ongoing projects. Nayan Raheja of Raheja Developers agrees, and hopes to continue with "soft activities" that do not contribute to pollution.
The main worry for developers is that if construction work is stopped completely, the labor will return to their home towns and it will be difficult to bring them back. So, it is essential to keep the labour engaged.
This story is from the November 04, 2023 edition of Financial Express Mumbai.
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This story is from the November 04, 2023 edition of Financial Express Mumbai.
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