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Realty Developers happy over the ban imposed on mining by SC

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Supreme Court gave a judgement to bar mining in the Aravali range in Haryana which will aid the realty developers in the region. Director of Eros Group – developer of the biggest venture Charmwood Township in the locality said to www.propertykhazana.com that, “Judgment will not affect construction activities in the locality, in spite it will aid to improve the environment, landscape and surroundings of the locality which will heaver the locality into an expensive region in NCR.
Chief Managing Director of Omaxe Group stated that the firm has proposed two more new ventures in the region and believes that the court judgment will aid to improve the environment and plants in the locality making it even more striking and the forbid will also assist to recharge the localities underwater source.
Supreme Court demanded a mantle forbid on mining in the Aravali range and the forbid mainly impacted development on the Surajkund Road and Faridabad Gurgaon Road. There was a fear that this judgment might disturb the construction activities in the locality, but seeing the judgement abate any such fears. But, many ventures are delayed as of the Govt.’s demand on not permitting the exploitation of forestland. A Developer said to www.proeprtykhazana.com that, “Illegal mining proved to be a huge danger in the area and bankrupt the total landscape of the region,” even infrastructure developers like GMR says that, they sourced material from Rajasthan, so the ban on mining will not shove the cost of the execution of a venture. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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