Real Estate Industry Advocates Balanced Framework for Wetland
Real Estate Industry Advocates Balanced Framework for Wetland Conservation and Community Development in the Pallikaranai Ramsar Zone
~ Over one lakh patta owners and an estimated ₹71,500 crore worth of business and economic activity have been impacted by the inclusion of an additional 550 hectares of land, without clear identification and not following due procedure and the consequent 1 km development freeze around the Pallikaranai Ramsar site. ~
Chennai, 7 July 2026: The real estate industry has reiterated its commitment to environmental conservation while urging the Government to adopt a balanced, scientific and consultative approach to implementing regulations around the Pallikaranai Ramsar site. Industry representatives have expressed concern that the recent demarcation, which in...