Pune: SC Stay Puts Rs.30,000 Crore Housing Projects in Pimpri Chinchwad on Hold, Developers and Homebuyers Affected. Read details

Over 100 large housing projects in Pimpri-Chinchwad and nearby areas are now stalled after the Supreme Court stayed a recent Union Environment Ministry notification. The notification had allowed state-level approvals for projects up to 1.5 lakh square meters, but the SC’s intervention has thrown developers and homebuyers into uncertainty. These delayed projects, worth over Rs 30,000 crore, now require central-level environmental clearances again, leading to further delays.  

According to the Indian Express, Pimpri-Chinchwad is classified as a highly polluted region, requiring stricter environmental norms. Earlier, projects over 20,000 square meters needed clearance from the Union Ministry’s expert panel, causing bottlenecks. The January notification eased this by shifting approvals to the state level, but legal challenges led to a Supreme Court stay.  

Now, over 100 projects between 20,000 square meters and 1.5 lakh square meters are on hold. The delays have stretched beyond six months, increasing construction costs and restricting housing supply. This could push property prices higher. Developers face financial strain, while homebuyers may have to wait longer for possession. The government is also losing revenue from stamp duty, property sales, and GST collections.  

IMG-20250927-WA0000

Real estate body CREDAI-Pune Metro has opposed the Supreme Court stay, stating that it negatively impacts homebuyers, the construction sector, and employment. Officials also claim that the Maharashtra State Environment Committees are not processing pending cases due to their interpretation of an earlier Bhopal NGT order.  

IMG-20250324-WA0012

A recent CREDAI-CRE Matrix housing report reveals that new project launches have dropped by 25% due to these regulatory issues. Limited housing stock is expected to drive prices up further.

IMG-20250820-WA0009

85856