Govt advises State RERAs to grant 4-month extension for real estate projects hit by West Asia crisis
New Delhi, July 31 -- The Ministry of Housing and Urban Affairs (MoHUA) has advised all State Real Estate Regulatory Authorities (RERAs) to grant a four-month extension in the registration and corresponding completion timelines of eligible real estate projects affected by disruptions arising from the ongoing situation in West Asia.
In an advisory issued on Friday, the Ministry said the prevailing situation in West Asia has adversely affected global supply chains, resulting in shortages of construction materials and impacting the timely execution of real estate projects.
The Ministry noted that the Department of Expenditure, Ministry of Finance, through an Office Memorandum dated April 29, 2026, has treated the ongoing West Asia situatio...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.