What is GRAP? How GRAP 3 Is Impacting the Real Estate Sector
What is GRAP? Why GRAP-3 Is Shaking Up Real Estate
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What is GRAP?
– GRAP = Graded Response Action Plan – Implemented to control air pollution – Activated in Delhi-NCR during high AQI levels – Includes strict construction restrictions
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What Does GRAP 3 Mean?
– Triggered when AQI becomes Severe – Bans non-essential construction activities – Limits material movement & dust-creating work – Impacts ongoing real estate projects
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Impact on Construction Projects
– Temporary halt on construction work – Project timelines get delayed – Labour deployment affected – Cost overruns become common
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How GRAP 3 Affects Property Prices
– Delayed supply impacts inventory – Holding costs increase for developers – Short-term price stability in some segments – Long-term costs may rise
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