Credai Chairman L K Jain said the nationwide stay on sand mining from river beds adds to the increasing burden on the real estate sector.
He termed NGT's ban as arbitrary and anti-growth.
Also Read
According to him, the ban would also result in an increase in sand smuggling, which would further add to the growth of the sand mafia, instead of curbing it. He said the plaster quality, particularly in urban areas and coastal cities like Mumbai, was worsening day by day because of non-availability of quality river sand.
According to Jain, the ban would lead to delays in project completions, thereby increasing costs threefold, as it would have to be imported from countries such as Pakistan and Cambodia to bridge the shortfall in supplies.
Besides the realty sector, sand is an important ingredient in infrastructure projects like mass rapid transit systems and Metro projects. It is also a primary constituent in core sector projects such as power plants, Jain added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
