Rajasthan Housing Projects To Remain Stalled For Nearly 1.5 Months More

Infrastructure and private Rajasthan housing projects worth approximately Rs 10,000 crore would continue to remain stalled for nearly one-and-half months more after Supreme Court did not provide relief to the state government.

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Rajasthan Housing Projects To Remain Stalled For Nearly 1.5 Months More

Infrastructure and private Rajasthan housing projects worth approximately Rs 10,000 crore would continue to remain stalled for nearly one-and-half months more after Supreme Court did not provide relief to the state government. The ban has not only impacted the private housing sector but also delayed the deadline of several of state government’s ambitious projects. This situation is expected to be grimmer due to interrupted supply of sand (bajri) for minimum of two months.

Also Read: Ministry of Housing and Urban Poverty Alleviation Launched 352 Affordable Housing Projects

Uptight over the situation to complete Rajasthan housing projects on stipulated time after coming in the Real Estate (Regulation and Development) Act ambit, the developers have already approached to the Urban Development and Housing (UDH) minister. However, continuous delay is affecting the project cost. Bajri is most essential requirement for construction. In absence of availability, construction of projects are on hold.

Some developers added that nearly 5 lakh labourers, including migrant labourers depend on construction and allied industries. There is no demand for labourers coming from villages for the past two months.

Also Read: Target Achieved By Pradhan Mantri Awas Yojana Rural, Houses Construction

Just after the ban, business has gone down by 85% as there are few buyers for bricks, cement and other material required for construction.

The ban has also raised concern for civic body officials as many development projects in the city are being choked and are racing against time to meet the deadline. Currently, projects like Metro Phase I (B), affordable housing scheme, elevated road (Ambedkar Circle to Sodala) and rejuvenation of Dravyavati River are underway.

Also Read: Real Estate India Hopes On Affordable Housing For Growth In 2018

Approximately 1,200 cubic metres of sand is required every day for infrastructure projects.
After the Supreme Court ban, officials are a concerned lot as there is no reliable and tested alternative.

Source Link- https://timesofindia.indiatimes.com/.

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