India, Aug. 1 -- The Union Housing and Urban Affairs Ministry on Friday issued an advisory asking all state Real Estate Regulatory Authorities (RERAs) to grant a four-month extension in the registration and completion timelines of eligible real estate projects affected by disruptions arising from the ongoing conflict in West Asia.

The ministry, in an advisory issued to all regulatory authorities, said the prevailing situation in West Asia has adversely affected global supply chains, resulting in a shortage of construction materials, thereby impacting the timely construction of the real estate projects.

It said the ministry had received several representations from stakeholders in the real estate sector seeking relief in view of the disr...