Indian Journal of Economics and Development

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Sustainability Agenda 2030:Maintaining a Balance Between Goal No: 9 and Goal no 15 in the Real Estate Sector


Affiliations
1 Symbiosis Law School, NOIDA, Symbiosis International (Deemed) University, Pune-201301, India
 

Background/Objectives: To identify the balance between Goal No. 9 which is the Right to infrastructural development and Goal No. 15 which is the Right to Clean and Healthy Environment in light of the Real Estate Regulation and Development Act.

Methods/Statistical analysis: The method that has been adopted as a part of the analysis includes secondary research and legal analysis with the means of various governmental reports, UN reports and official reports of NGO’s.

Findings: There are two-fold findings that can be recorded from the abovementioned analysis: Firstly, according to data collected there has been a decline in gross value (as per the report given by the Research and Information Systems of Developing Countries) negating the objective given under a Goal No. 9. With rapid deforestation rates, there is a legitimate cause with reference to the applicability of protection being successful under Goal No. 15.

Secondly, according to the research conducted there seems to be also an indication of anomaly in the interpretation of the legal provisions of Real Estate (Regulation and Development Act, 2016 (herein referred to as ‘RERA Act’).

Improvements/Applications: The improvements suggested include the interpretation to ambiguities be carried out keeping in mind the interests of the homebuyers. Secondly creation of an efficient policy making mechanism involving relevant stakeholders and judicial impact assessment through the means of pre-legislative consultation.


Keywords

Goal No.9- Sustainable Development Goals, Goal No. 15- Sustainable Development Goals, Deforestation, Infrastructural Development, Rera 2016.
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  • The Real Estate (Regulation and Development) Act. http://legislative.gov.in/sites/default/files/A2016-16_0.pdf. Date accessed: 25/03/2016.

  • P. Joshi. Law Relating to infrastructural projects. Butterworth India. 2003.

  • Sustainable Development goal no 15. https://www.un.org/sustainabledevelopment/sustainable-development-goals/. Date accessed: 05/09/2018.

  • Ministry of Environment and Forests. India and Multilateral Environmental Agreements (MEAs): A Summary. http://www.moef.nic.in/downloads/public-information/2010-08-28-Note%20on%20India%20and%20MEAs.pdf. Date accessed: 28/08/2010.

  • Achieving the sustainable development goals in India a study of financial requirements and gaps. https://www.devalt.org/images/L3_ProjectPdfs/AchievingSDGsinIndia_DA_21Sept.pdf. Date accessed: 08/2015.

  • Citizens of Bundi vs. Municipal Board Bundi AIR 1988 Raj 132, 1987 (2) WLN 948. https://indiankanoon.org/doc/1183962/. Date accessed: 31/08/1987.

  • Shodhganaga, ‘Constitutional Mandate, Law making power and statutory controlling India. Date accessed:

  • Kinkri Devi vs. State AIR 1998 HP 4. https://indiankanoon.org/doc/837514/. Date accessed: 29/05/1987.

  • Ministry of Housing & Urban Poverty Alleviation, Real Estate. https://currentaffairs.gktoday.in/tags/ministry-of-housing-urban-poverty-alleviation-hupa. Date accessed: 01/05/2017.


Abstract Views: 249

PDF Views: 133




  • Sustainability Agenda 2030:Maintaining a Balance Between Goal No: 9 and Goal no 15 in the Real Estate Sector

Abstract Views: 249  |  PDF Views: 133

Authors

Apekshit Raj Singh
Symbiosis Law School, NOIDA, Symbiosis International (Deemed) University, Pune-201301, India
Anuraag P. Iyer
Symbiosis Law School, NOIDA, Symbiosis International (Deemed) University, Pune-201301, India

Abstract


Background/Objectives: To identify the balance between Goal No. 9 which is the Right to infrastructural development and Goal No. 15 which is the Right to Clean and Healthy Environment in light of the Real Estate Regulation and Development Act.

Methods/Statistical analysis: The method that has been adopted as a part of the analysis includes secondary research and legal analysis with the means of various governmental reports, UN reports and official reports of NGO’s.

Findings: There are two-fold findings that can be recorded from the abovementioned analysis: Firstly, according to data collected there has been a decline in gross value (as per the report given by the Research and Information Systems of Developing Countries) negating the objective given under a Goal No. 9. With rapid deforestation rates, there is a legitimate cause with reference to the applicability of protection being successful under Goal No. 15.

Secondly, according to the research conducted there seems to be also an indication of anomaly in the interpretation of the legal provisions of Real Estate (Regulation and Development Act, 2016 (herein referred to as ‘RERA Act’).

Improvements/Applications: The improvements suggested include the interpretation to ambiguities be carried out keeping in mind the interests of the homebuyers. Secondly creation of an efficient policy making mechanism involving relevant stakeholders and judicial impact assessment through the means of pre-legislative consultation.


Keywords


Goal No.9- Sustainable Development Goals, Goal No. 15- Sustainable Development Goals, Deforestation, Infrastructural Development, Rera 2016.

References