Q:Hi, I heard that cement sales are falling significantly. What is the reason? Is there reduction in construction activities? What is the status of new project development in real estate in India?
Latest Answer: As per the new norms, environmental clearance is required even for mining in less than five hectares of land. But brick kiln owners want to be exempted from obtaining permission from the ministry of environment for earth excavation work. The ministry of environment and forests has been requested for simplification of norms for brick kilns. And it is likely that the authorities may decide that clearance will be required for realty projects having greater than 50 hectares and for projects less than 50 hectares, the SEIAA shall be empowered to give clearances.
Latest Answer: They are providing a housing for more than 30,000 Economically Weaker Section families but now where the houses priced is affordable for the EWS population.