Delhi Air Pollution: Real Estate Concerns
ECONOMY & POLICY

Delhi Air Pollution: Real Estate Concerns

Real estate bodies have expressed their concerns about the severe air pollution in Delhi-NCR after the implementation of GRAP III (Graded Response Action Plan) to combat pollution levels. The Confederation of Real Estate Developers' Associations of India (CREDAI) has issued an advisory highlighting the adverse effects of air pollution on the health of residents and the real estate sector.

Delhi-NCR has been grappling with high levels of air pollution, especially during the winter months. The implementation of GRAP III, which includes stricter measures to control pollution, has raised concerns among real estate developers. The measures include restrictions on construction activities, the closure of certain industries, and a ban on diesel generator sets.

CREDAI, a prominent real estate body, has urged its members and developers to take necessary precautions to mitigate the impact of air pollution. The advisory emphasizes the need for developers to adopt sustainable construction practices, including better waste management and use of eco-friendly building materials. It also encourages the implementation of green initiatives such as rooftop gardens and air purifiers in common areas.

The adverse effects of air pollution on the health of residents have been a major concern. Studies have linked exposure to high levels of air pollution with respiratory problems, cardiovascular diseases, and increased mortality rates. Real estate developers are worried that such concerns could impact the demand for residential properties in the Delhi-NCR region.

CREDAI's advisory aims to create awareness and encourage responsible practices among developers and residents alike. It emphasizes the importance of regular monitoring of indoor air quality and the installation of air purifiers in homes and offices. It also advises residents to use public transportation, carpool, or opt for electric vehicles to reduce vehicular emissions.

The real estate sector is one of the major contributors to pollution, with construction activities and energy consumption being significant factors. CREDAI's advisory suggests the adoption of energy-efficient practices, such as the use of solar panels and LED lighting, to reduce the sector's carbon footprint.

While the implementation of stricter measures like GRAP III may pose short-term challenges for the real estate sector, it also presents an opportunity for developers to embrace sustainable and environment-friendly practices. By prioritizing the well-being of residents and the reduction of pollution, the sector can contribute to a healthier and greener future for Delhi-NCR.

In conclusion, the concerns raised by real estate bodies regarding the severe air pollution in Delhi-NCR after the implementation of GRAP III highlight the need for responsible and sustainable practices in the sector. The advisory by CREDAI serves as a reminder of the harmful effects of pollution and encourages developers and residents to take necessary actions to combat air pollution and promote a healthier environment.

Real estate bodies have expressed their concerns about the severe air pollution in Delhi-NCR after the implementation of GRAP III (Graded Response Action Plan) to combat pollution levels. The Confederation of Real Estate Developers' Associations of India (CREDAI) has issued an advisory highlighting the adverse effects of air pollution on the health of residents and the real estate sector. Delhi-NCR has been grappling with high levels of air pollution, especially during the winter months. The implementation of GRAP III, which includes stricter measures to control pollution, has raised concerns among real estate developers. The measures include restrictions on construction activities, the closure of certain industries, and a ban on diesel generator sets. CREDAI, a prominent real estate body, has urged its members and developers to take necessary precautions to mitigate the impact of air pollution. The advisory emphasizes the need for developers to adopt sustainable construction practices, including better waste management and use of eco-friendly building materials. It also encourages the implementation of green initiatives such as rooftop gardens and air purifiers in common areas. The adverse effects of air pollution on the health of residents have been a major concern. Studies have linked exposure to high levels of air pollution with respiratory problems, cardiovascular diseases, and increased mortality rates. Real estate developers are worried that such concerns could impact the demand for residential properties in the Delhi-NCR region. CREDAI's advisory aims to create awareness and encourage responsible practices among developers and residents alike. It emphasizes the importance of regular monitoring of indoor air quality and the installation of air purifiers in homes and offices. It also advises residents to use public transportation, carpool, or opt for electric vehicles to reduce vehicular emissions. The real estate sector is one of the major contributors to pollution, with construction activities and energy consumption being significant factors. CREDAI's advisory suggests the adoption of energy-efficient practices, such as the use of solar panels and LED lighting, to reduce the sector's carbon footprint. While the implementation of stricter measures like GRAP III may pose short-term challenges for the real estate sector, it also presents an opportunity for developers to embrace sustainable and environment-friendly practices. By prioritizing the well-being of residents and the reduction of pollution, the sector can contribute to a healthier and greener future for Delhi-NCR. In conclusion, the concerns raised by real estate bodies regarding the severe air pollution in Delhi-NCR after the implementation of GRAP III highlight the need for responsible and sustainable practices in the sector. The advisory by CREDAI serves as a reminder of the harmful effects of pollution and encourages developers and residents to take necessary actions to combat air pollution and promote a healthier environment.

Next Story
Infrastructure Energy

TKIL, KIS Partner to Boost Biogas in Clean Energy Push

In a strategic move to diversify its operations and support India’s clean energy goals, TKIL Industries (formerly thyssenkrupp Industries India) has entered the bio-chemicals sector through a new partnership with KIS Group, a global leader in sustainable biofuel technologies. The collaboration focuses on boosting Compressed Biogas (CBG) production using advanced technology and localized biomass resources. This association marks a significant step for TKIL Industries as it expands into the renewable energy space. By leveraging KIS Group’s expertise and proprietary technologies, the company..

Next Story
Real Estate

Noida & Jewar Set for Sharp Rise in Property Costs

Noida and Jewar may oversee significant price hikes for properties. This is due to a recent proposal from Gautam Buddha Nagar which outlines plans to increase circle rates, the minimum price at which a real estate property can be sold to a buyer as determined by the government, in both cities. This increase in circle rates would lead to an increase in the stamp duties a homebuyer would have to pay. Under the proposal, high-rise apartments in Noida may see a 20 per cent increase, while Greater Noida is set for a 30 per cent hike. The most substantial rise is expected in agricultural land pric..

Next Story
Infrastructure Urban

KPIL Bags Rs 6.21 Bn Orders Across Railways and Infra

Kalpataru Projects International Limited (KPIL) has announced the acquisition of new orders worth approximately Rs 6.21 billion across its Buildings & Factories (B&F) and Railway businesses in India. This development comes as a significant addition to the company's growing list of orders, underlining its strong presence in India’s infrastructure sector. Speaking on the milestone, Manish Mohnot, Managing Director & CEO of KPIL, expressed optimism about the company’s continued momentum. “We are delighted with the order wins in our B&F and Railways business. These wins will help us further..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?