Friday, June 20, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Contract

Moratorium on construction would impact the whole industry

Fiinews by Fiinews
July 3, 2019
in Contract, Economy, Infrastructure, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Hiranandani calls for rainwater harvesting

 

ASSOCHAM.
Hiranandani concerns about impact on construction industry if Karnataka bans new apartment construction due to water crisis.

 

The ASSOCHAM has expressed concern about Karnataka Government’s move to clamp a five-year ban building of apartments due to water crisis, citing its impact on the construction industry.

ASSOCHAM Sr Vice President, Dr Niranjan Hiranandani, noted the State Government’s likely action on new apartments as Bengaluru faced water shortage.

Deputy Chief Minister and Bengaluru Development Minister Dr G Parameshwara has said that the state government is seriously considering clamping a five-year ban on granting permissions for construction of apartments.

There were several developers going ahead with construction and sale of apartments without making adequate arrangements for a basic necessity like drinking water, he noted.

But Dr Hiranandani said “This step would be detrimental for both the construction industry and the consumers as a whole.

“We believe that it is a very drastic step for the construction industry and the concerned stakeholders. Just because of a few bad apples, the entire community is been wrongly punished.

“If the state government goes ahead with its plans, there would be an artificial scarcity of houses which would result in the jacking up of prices.

“The government should work on alternative solutions to make water available via replenishing methodology and reusable solutions,” Hiranandani, CMD of Hiranandani Group, said on 2 July 2019.

He further added that there are hundreds of people directly and indirectly dependent on construction for their livelihood as it is the second largest employment generating industry.

“Banning construction would render all those people jobless adding further woes to unemployment. The government needs to take all that into consideration before taking the drastic measure,” he stressed.

The state government should consider the best alternative method of water conservation by rainwater harvesting in monsoons and recycle through sewage treatment plant.

This recycled water shall be of use for secondary purpose like washing, flushing, gardening and construction which will help in reducing the dependency on ground portable water by nearly 30%.

“This shall be helpful in salvaging the water crisis prevailing in the city,” he said.

Hiranandani also called for retrofitting of rainwater harvest and sewage treatment plant at the real estate projects as an ideal solution to conserve rainwater in abundance.

The Municipal corporation should make it mandatory to incorporate these plants at the planning stage for better treatment and solutions. These corrective measures will help the Tech city from rebooting water system, he said. fiinews.com

Tags: ASSOCHAM
ShareTweetShare

Related Posts

PIB
Projects

Project: Anti-Submarine INS Arnala commissioned

by Fiinews
June 20, 2025
0
21

Vessel shows indigenous design, engineering and manufacturing. INS Arnala, the first of the Anti-Submarine Warfare Shallow Water Craft, was commissioned...

Dnv Grse
Projects

Project: DNV-India deepen maritime cooperation

by Fiinews
June 16, 2025
0
15

India’s maritime sector undergoes transformation Minister of Ports, Shipping and Waterways Sarbananda Sonowal duiring his recent visit to Oslo has...

PIB

Project: Joshi underlines Wind Energy strategy

June 16, 2025
18
Mont Vert

Project: Mont Vert to build Kazakh Hospital

June 16, 2025
15
CMA CGM

Project: CMA CGM in discussions with Shipping entities

June 16, 2025
15
PIB

Project: Minister reviews GHAVP plant

June 16, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: LTIMindtree launches AI ecosystem
  • Market: Furniture demand set for 11.42% CAGR
  • Tech: Sonatype opens Hyderabad centre to scale AI
  • Market: Minister reaffirms commitment to FTA
  • Manufacturing: DAP review initiated, says Ministry

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.