Development could grind to a halt in Maharashtra, Madhya Pradesh, Uttarakhand, Chandigarh and elsewhere following a Supreme Court ban on construction in parts of the country, delaying deliveries and hurting property companies and allied industries besides putting people out of work. The real estate industry said it’s being punished for state inaction over solid waste management. The intention behind the order is good from a long-term perspective, but a blanket ban stopping all construction will have a negative impact on housing. The SC has banned construction in several states and union territories because they haven’t put in place rules on solid waste management. According to the court, the states and union territories had not framed any policy under the 2016 Solid Waste Management Rules put into effect by the environment ministry in April 2016. Experts are hopeful that the matter will be resolved soon, with the concerned state administrations doing what is necessary and the court allowing construction to resume.
Supreme Court construction ban may take toll on development
Date posted: Tuesday 4 September 2018
Tags: Featured, Indian Economy