Homebuyers in Delhi-NCR will have to wait for about three months longer because of a ban by Environment Pollution (Prevention and Control) Authority, or EPCA on construction activities in the region to combat air pollution, leading developers said.
According to Anarock Property Consultants, more than 540,000 housing units are under various stages of construction in NCR. Out of these, 200,000 units are chronically delayed as these were launched in 2013 or before. This means the construction ban will not impact them much as they have been delayed for long.
In the long run, developers might be able to reduce the delay, but projects which are near completion will definitely get delayed,” said Manoj Gaur, managing director of Noida-based Gaur Group. “In that case buyer will go to Rear Estate Regulatory Authority (RERA) and the developer’s reason for delay will not be accepted. In such cases, developers should get extra time to complete the project.”
As per the latest Indian Ports Association report, Thermal coal imports declined by 17.69% to 51.10 million tonnes at the country’s top 12 major ports during April-October this fiscal against 62.08 million tonnes in the same period previous year . As far as coking and other coal is concerned, its handling recorded a rise of 6.88% at 33.43 million tonnes during the seven months period.