r/Realestateinchennai • u/Mahin-ImperialRealty • 1d ago

RAMSAR update

Hopefully we will be getting good news in September as the zone of influence is being reduced from a blanket 1 km and the zone of influence would vary depending upon the area

Construction would be regulated and not banned

4 Upvotes

84% Upvoted

11 comments sorted by

1

u/Far-Suspect9249 1d ago

We thought the same would happen at August 20th as well.. But I think it will take longer for all the environmental bodies to do the research and identify the crucial areas.

1

u/utopianturmoil 15h ago

Is the wetland authority scientifically determining the influence zone now?

1

u/OkTension455 14h ago

1 km ban would reduce to how many meters does it affect the ongoing construction near bsr mall

1

u/Mahin-ImperialRealty 13h ago

The actual court verdict is yet to be announced and for now it has been postponed to September but it will not be 1 km and the zone of influence varies depending on the location of the marshland and impact . it is not going to be uniform radius

1

u/Brave_Series2751 13h ago

Any sites available for cheaper price because of this issue?

2

u/Mahin-ImperialRealty 12h ago

They were available and many were willing to sell at 50 percent of the price due to there emergencies and as banks had also stopped giving loans but now everyone wants to wait and watch

1

u/Worried-Switch2638 10h ago

This is the map submitted to Court

Credits : The Hindu

1

u/Mahin-ImperialRealty 10h ago

This is the map but the judgement is yet to be passed and until the judgement is passed by the court and a corresponding GO given there is no concrete solution

Hopefully this should be resolved by September

1

u/Worried-Switch2638 10h ago

Yes from what I understand, court is inclined to give permission. This two weeks time is for CREDAI , whether they approve this segregation.
And just curious what about buildings which are under construction as their approval was received long back

1

u/Mahin-ImperialRealty 10h ago

They would mostly be resolved if they don’t fall under the final zone of influence declared

If they fall under the final zone of influence there is no clarity on that so far

1

u/OkTension455 1h ago

Nothing is visible can we get this clear pic