Builders Get Four Months
Key Highlights
- Government advised RERAs to extend project timelines.
- Eligible projects may receive four-month extension.
- Supply disruptions linked to West Asia conflict.
- CREDAI and NAREDCO welcomed the decision.
- Relief applies under Force Majeure provisions.
- Developers expected to benefit from regulatory clarity.
- Extension helps avoid unnecessary project delays.
- Homebuyer interests also protected.
New Delhi: The Ministry of Housing and Urban Affairs has advised all state Real Estate Regulatory Authorities (RERAs) to provide a four-month extension for eligible real estate projects affected by supply chain disruptions caused by the ongoing conflict in West Asia.
The advisory allows extension of project registration and completion timelines under the Force Majeure provisions of the Real Estate (Regulation and Development) Act. The relief will apply to projects whose completion dates fall on or after February 28, 2026.
Industry bodies CREDAI and NAREDCO welcomed the government’s decision, saying it will provide much-needed relief to developers facing shortages of construction materials and rising project costs.
Developers said the extension would help them complete projects without compromising quality while reducing the risk of unnecessary litigation. They also urged state RERAs to implement the advisory quickly so that both developers and homebuyers can benefit.
The government said the move aims to balance the interests of all stakeholders while addressing challenges arising from global supply chain disruptions.
