Sector 43 Property

India’s construction sector has several challenges. There are no standards in the industry and there is a deficiency of project management expertise, which results in project delays and cost overruns. The software used are expensive and require advanced hardware. Unfortunately, despite the benefits of BIM, some mavens in the industry are clinging to the old ways of working.

In a recent study by a mobile application brand, launched last month in Paris, breathing in Noida’s air is equivalent to smoking 9.2 cigarettes a day. This makes Noida the world’s most polluted city. In order to curb the rising pollution levels, the UP pollution control board has in a letter to Union environment ministry sought an assistance of Rs 433 crore. The assistance will be used for upgrading infrastructure that could help bring down pollution levels in Noida and Greater Noida.

Though over two years have passed since the Real Estate (Regulation & Development) Act, 2016, has been enacted, the market is still recovering from the side-effects of consumer-friendly law. But, the top brands in the sector have gained the most since the law came into effect, says a report.

Delhi’s fight with air pollution goes on amid several partially implemented measures to tame it. And, the neighbours are only making matters for the national capital. According to a study by The Energy and Resources Institute (TERI) and Automotive Research Institute of India (ARAI), 64 per cent of the city's air pollution is caused by external factors.

In order to provide relief to homebuyers and stop builders from using loopholes in the Real Estate (Regulation & Development) Act, 2016, efforts are being made by state authorities to provide more teeth to the law.