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UP Pollution Control Board issues notice to DLF to stop work at its Mall of India project: Report

20 Aug 2014 Evaluate

DLF’s upcoming project Mall of India in Noida has reportedly received a notice to stop all construction activities till a clearance from the National Board for Wildlife is obtained. The notice has been issued by the UP pollution Control Board. According to an order by the National Green Tribunal, the said area coming under the 10-km radius around the Okhla bird sanctuary is to be considered eco-sensitive. The order has issued various real estate projects in the area, which are now pending for the want of a completion certificate. The mall is schedule to open in February-March next year and the company has already leased out 90 per cent of the area.

DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 314 msf of planned projects with 52 msf of projects under construction. 

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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