Impact of RERA's four-month project extension on buyers and builders
The central government has issued an advisory suggesting that state Real Estate Regulatory Authorities (RERAs) provide a four-month deadline extension for housing projects impacted by supply chain issues linked to West Asia. This move allows builders more time to wrap up construction without facing immediate penalties. While this could mean a longer wait for homebuyers to get possession of their homes, it also serves as a safeguard to prevent projects from remaining incomplete.
by shortkt.com✓