NAREDCO seeks govt action on aviation constraints impacting urban real estate
National Real Estate Development Council (NAREDCO) has urged the government to resolve regulatory challenges that hinder real estate development in major cities like Mumbai, Chennai, and Kolkata.
In bid to help resolve the issue, the developers’ body has made certain recommendations that were discussed during a recent meeting with a Joint Working Group, which included an Expert Committee led by Fali Major, NAREDCO said in a release.
“The height restrictions imposed by aviation regulations have significantly constrained real estate development in urban areas. Our recommendations are designed to unlock the potential of these cities while maintaining safety standards,” said G Hari Babu, National President of NAREDCO.
Among the key points presented were the relocation of certain aviation facilities, such as High Frequency Transmitter (Tx) and Receiver (Rx) stations, outside of main city areas. This would allow for taller buildings in cities like Mumbai, Chennai, and Kolkata without compromising the quality of High Frequency signals.
NAREDCO has also recommended extending shielding benefits--currently applicable only to natural terrains--to include buildings and other structures, thereby facilitating taller constructions in specific areas.
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