In the recent wake of increased pollution level that is caused due to construction and unsafe disposal debris, High court ordered a construction ban in Mumbai. The petition taken up by MCHI-CREDAI on this ban to Supreme Court has helped the developers and builders along with the citizens to get some respite as SC decides to lift the ban. SC in its order mentioned that it considered the matter only in order to explore the possibility of safe method of permitting certain constructions in the city of Mumbai for a limited period to pave the way for further orders that may be passed. The ban has a serious impact on the financial loans which have been obtained by the developers and builders. Such a ban makes serious inroads into the rights of citizens under Article 19, 21 and 300A of the Constitution of India.
Statement from MCHI-CREDAI President, Mayur Shah on Supreme Court Order lifting construction ban in Mumbai
The Supreme Court judgment on lifting the construction activity in Mumbai has come as a huge relief to citizens of this metropolis. It is the result of MCHI-CREDAI’s two year persistent efforts.
Most importantly, people living in dilapidated and old buildings will be benefited by this decision as redevelopment activity can now be undertaken by the members of the MCHI CREDAI
As an industry body, we feel that even the Brihanmumbai Municipal Corporation (BMC) and the State Government will generate additional revenue stream of premiums, which can be utilized for sprucing up of the infrastructure such as mono-rail and metro network in the metropolis.
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