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Maharashtra's builders, buyers in jam after SC bans construction activity

On Friday, the SC imposed a blanket ban on construction activity in the state as well as in Madhya Pradesh, Uttarakhand and Chandigarh

construction, real estate, building
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Raghavendra Kamath Mumbai
Property construction projects to the tune of Rs 1 trillion and infrastructure projects worth nearly double of that in Maharashtra will be stuck in the pipeline till October 9, with the Supreme Court’s (SC) recent ban on construction activity in the state. The cash collection of developers as well as their costs and litigation are going to rise as a consequence.

On Friday, the SC imposed a blanket ban on construction activity in the state as well as in Madhya Pradesh, Uttarakhand and Chandigarh after they failed to comply with an earlier order to come up with a solid waste-management policy.

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