New CRZ rules to boost realty sector in Mumbai

The implementation of Coastal Regulation Zone (CRZ) Notification, 2018 will boost the realty sector which is currently entangled in procedural curbs, developers have hinted. The Centre's move to bring out new norms will lead to the rise in the supply of homes, but may also increase the woes of builders who are saddled with a burgeoning inventory, they said.