Now Reading: Haryana RERA grants 4-month extension to projects hit by West Asia crisis
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Haryana RERA grants 4-month extension to projects hit by West Asia crisis
Haryana RERA grants 4-month extension to projects hit by West Asia crisis
Haryana RERA (Gurugram bench) has granted an automatic four-month extension to eligible real estate projects, citing supply chain disruptions from the West Asia crisis. The order applies to projects registered on or…
The Story in Brief
Haryana RERA (Gurugram bench) has granted an automatic four-month extension to eligible real estate projects, citing supply chain disruptions from the West Asia crisis. The order applies to projects registered on or before July 31, 2026, whose completion date falls on or after February 28, 2026. The authority has treated the situation as war, invoking force majeure under a finance ministry directive.
No separate application is needed from developers. The relief follows a July 31 advisory from the Union housing ministry. Maharashtra and Telangana RERA have issued similar extensions. Industry bodies including CREDAI Haryana welcomed the move, saying it eases financial stress and material shortages.
The Indian Opinion
Homebuyers must watch: a blanket extension helps developers but does nothing to ensure quality or timely handover after the four months. The real test will be how many projects actually deliver occupancy certificates by the new deadline. Will the authority also monitor and penalise builders who misuse this relief?
Sources (2): realty.economictimes.indiatimes.com, hindustantimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
