September 07, 2018

Mumbai

The Supreme Court on September 5 lifted its August 31 stay on constructions in Maharashtra.

The stay was imposed as the state government had failed to inform the apex court that it had framed a Solid Waste Management Policy in 2017. The state was also fined Rs 5 lakh for its failure to ensure being represented in court. The first fine of Rs 2 lakh was imposed in July and was to be paid within two weeks. The government failed to do that as well. The second fine of Rs 3 lakh was imposed on August 31. Both the fines were paid off by the government on September 4.

Senior counsel Shekhar Naphade, specially appointed to represent the state government to lift the stay on construction, said the affidavit was filed and the court then lifted the stay. He added that no intervening application was filed.

Rajesh Prajapati, Public Relations Committee Chairman, Confederation of Real Estate Developers of India-Maharashtra Chamber of Housing Industry, said lifting of the ban is great news for the real estate industry. "We were positive the Supreme Court would lift the ban on all constructions in Maharashtra as the policy and rules on solid waste management were already in place."

Niranjan Hiranandani, President, National Real Estate Development Council (NAREDCO), said, "Given the proactive manner of working of the administration, I am confident the policy will be implemented in due course. The decision brings relief to home seekers who were faced with the possibility of delayed possession of their homes. Across construction sites jobs are secure and with construction activity continuing stakeholders, including material suppliers, will be pleased that offtake of construction material will continue."

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Source:magicbricks.com