Extension of Registration and Completion Date of Real Estate Projects under RERA
- General
- Author: Riya Kapoor
Highlights
Treat COVID-19 as an event of ‘Force Majeure’ under RERA.
Issue fresh ‘Project Registration Certificates’ automatically with revised timelines
Finance Minister Nirmala Sitharaman issued guidelines regarding project registration in RERA.Adverse impact due to COVID and projects stand the risk of defaulting on RERA timelines. Time lines need to be extended.Ministry of Housing and Urban Affairs will advise States/UTs and their Regulatory Authorities to the following effect:
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