India"s environmental ministry has overruled a previous judgement which forbade any construction within a 10 km radius of Noida"s Okhla bird sanctuary, it has been reported. As a result, construction companies will be able to apply obtain the paperwork needed to develop infrastructure in the surrounding area, including DLF"s Mall of Noida; stocks in the firm have increased by up to 15% and similar construction companies such as Jaiprakash Associates have seen more dramatic stock surges of 1%.
India"s environmental ministry has overruled a previous judgement which forbade any construction within a 10 km radius of Noida"s Okhla bird sanctuary, it has been reported. As a result, construction companies will be able to apply obtain the paperwork needed to develop infrastructure in the surrounding area, including DLF"s Mall of Noida; stocks in the firm have increased by 1% and similar construction companies such as Jaiprakash Associates have seen more dramatic stock surges of up to 15%.