The ban on construction activities due to pollution is not recognised by RERA, development authorities, or town planning department
As many as 35 per cent developers confirmed that approvals are still not regulated and 32 per cent of the respondents felt an absence of the regulatory framework to keep a check on prices of raw materials.
Developers claim that steel prices have gone up by 121percent and cement by nearly 38 percent in the last two years and that cost of construction has increased by at least Rs 500 per sq. ft. making projects unviable.
The first batch of oxygen concentrators were booked and issued within hours of inauguration of the oxygen facility on May 2 in Noida
Pankaj Bajaj, President of CREDAI NCR said, "Most of the crisis hit land was lying fallow, and, thus reversing the situation by giving it back to land owners won’t be a big deal." He sees the prices skyrocketing in the Noida extension region despite the nervous and bad mood.