Reduced Okhla eco zone plan put up for comments
The notification will come as a great relief to 20,000 flat buyers in 17 group housing projects near the sanctuary which were falling in the 10km-wide ESZ earlier proposed by the National Green Tribunal
Oct 15, 2014
Source : The Times of India
Okhla Bird Sanctuary


NEW DELHI: The environment ministry on Tuesday invited comments to a draft notification that proposes a reduced the eco-sensitive zone (ESZ) around the Okhla Bird Sanctuary (OBS) — 100 metres from the eastern, western and southern boundary and an area of 1.27km from the northern boundary. 

There will be a restriction on activities such as constructions, quarrying, mining, stone crushing and polluting industries in the ESZ. The notification will come as a great relief to 20,000 flat buyers in 17 group housing projects near the sanctuary which were falling in the 10km-wide ESZ earlier proposed by the National Green Tribunal. 

An NGT order in October 2013 had stopped construction within 10km of the sanctuary and ordered the Noida Authority to not hand completion certificates to realty projects in the area till the ESZ is declared. 

As per the new draft order, areas in the ESZ include parts of sector 95 Noida, Chhalera Orangabad, Nayabans, Shaheen Bagh, Jasola, Abdul Fazal enclave, Okhla, Canal colony under UP Irrigation department, Jogabai and Khizrabad. Vehicular traffic will also regulated in the area in a "habitat friendly" way. 

The ministry of environment, forests and climate change (MoEFCC) has also constituted state level eco-sensitive zone monitoring committees for Uttar Pradesh and Delhi. A team of officials from MoEFCC and state environment agencies will monitor compliance of the provisions in the notification and maintain the sanctity of ESZ as per MoEFCC notification. 

The draft states that the sanctuary is visited by 324 species and its conservation is necessary. 

Latest Realty News

DLF, India's most indebted realty firm, faces tough choices after fund-raising ban
Oct 15, 2014
DLF Limited will be forced to sell assets, even unfinished projects, to meet debt obligations, say bankers
Last day to apply for DDA 2014 housing scheme
Oct 15, 2014
Today is the last day to apply for the Delhi Development Authority's (DDA) highly-successful 2014 housing scheme
Housing demand to pick up in 6-8 months: Report
Oct 15, 2014
Housing sales have remained lower than expected so far during the current festival season mainly due to high interest rates and the demand is likely to pick up only in the next 6-8 months, according to a Knight Frank and Ficci Report
Higher lending to realty & infra projects worries RBI
Oct 15, 2014
At 25% of the total non-food credit, banks’ exposure to the infrastructure and real estate sectors is highest compared with other sectors
Realty-led Per Capita Wealth Grows to $4,650 in 14 Years: Report
Oct 15, 2014
Real estate-led the per capita wealth creation of the country's adult population which has grown at 8 per cent per annum in the past 14 years to $4,650, according to Credit Suisse
Prefabs to be a game changer in realty sector
Oct 15, 2014
With the construction industry facing a huge slump and recovery not yet in sight, the time might be ripe for builders to go for pre-fabricated blocks to cut construction costs
DLF an example of why realty sector needs a watchdog
Oct 15, 2014
The stock market regulator Sebi’s crackdown on India’s biggest real estate company, DLF, is a clear indicator that the sector is in urgent need of a cleansing of the Augean stables, market experts said
REIT $20 billion spending in India delayed by tax rules
Oct 15, 2014
The Indian government has announced rules for setting up real estate investment trusts (REITs), vehicles that may spur $20 billion of property development
Here are South India's real estate hotspots
Oct 15, 2014
Until only recently, the South Indian real estate market was known as highly price sensitive, with buyers primarily focused on the affordability quotient
Charges other than interest cost associated with home loans
Oct 15, 2014
In August, lending institutions, such as State Bank of India (SBI) and Housing Development Finance Corp. Ltd, lowered home loan interest rates marginally for new borrowers

Latest Realty News Of State

Realty Talk's