Page 51 - Shelter-October-2022
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POLICY REVIEW
CRZ- I areas except (a) projects shall not be more than twice FINANCING SLR RISK
relating to the Department of the number of existing units, The financing of disaster
Atomic Energy; (b) pipelines, the total covered area on all management assumes
conveying systems including floors shall not exceed 33 paramount importance
transmission lines; and (c) per cent of the plot size, the in order to develop and
exploration and extraction of overall height of construction
oil and natural gas. CRZ-II shall not exceed 9 metres, implement mitigation/
adaptation plans. In India, the
covers areas that have already and the construction shall source of most of the disaster
been developed up to or close not be more than 2 floors management funding is
to the shoreline. Construction (ground plus one). CRZ- government. The funding
of buildings is allowed in this IV includes coastal areas in
zone but only on the landward the Andaman & Nicobar from the government is
mostly
towards
directed
side of the existing road or on (A& N), Lakshadweep and relief and rehabilitation
the landward side of existing small islands, which are efforts. There is need for pre-
authorised structures. These not regulated under CRZ-I, emptive planning so that the
newly constructed buildings CRZ-II, or CRZ-III. In A&N
shall have to adhere with islands, no new construction shocks resulting from SLR
can be sustainably absorbed
the existing local town and is allowed within 200 meter by the coastal communities.
country planning regulations of HTL. Buildings can be Though disaster management
including the existing norms constructed between 200 authorities (both at central
of floor space index (FSI)/ and 500 metres from the
floor area ratio (FAR). CRZ-III HTL but they will not have and state levels) have
contributed to funding the
include rural coastal villages more than 2 floors, the total cost of disaster management,
and coastal areas within covered area on all floors there is a big gap between the
municipal limits. In CRZ-III, will not be more than 50 per requirements and availability
areas upto 200 meters from cent of the plot size, and the
the HTL are categorised as total height of construction of funds. Finance for disaster
management
private
in
‘No Development Zone’. should not exceed 9 metres. markets through instruments
However, activities like In Lakshadweep and small such as insurance has been
agriculture, horticulture, salt- islands, construction may be largely absent in India.
manufacturing are allowed. allowed depending on the
The land area between 200- distance from the HTL and Today, we can find a number
of opportunities for private
500 meter falling in CRZ- the size of the islands (Sundar, investment in the coastal risk
III can be used for building 2016). These regulations reduction sector. For example,
constructions; however, have been modified in 2019 the private investment
only with approval from by the Government to some
the MoEFCC (Ministry extent with permission of can be directly targeted
developing
resilience
to
of Environment, Forests construction allowed in some for local business or asset.
and Climate Change), cases to even within 10 m Concessional financing and
Government of India. In of the HTL which further blended finance opportunities
addition, the construction has accentuated the need
activities between 200 and to strengthen the planning enable private investors
to invest in such projects.
500 metres of the HTL can regulations. Concessional finance has
be taken up if they follow been defined as below market
the regulation that the total DEVELOPMENT OF rate finance provided by
number of dwelling units PRIVATE MARKET FOR
October, 2022, Volume 23. No.2 - SHELTER 49
