Now Reading: MahaRERA grants 4-month force majeure extension to projects
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MahaRERA grants 4-month force majeure extension to projects
MahaRERA has extended completion deadlines for registered real estate projects by four months, citing force majeure due to the West Asia conflict. The order, effective from August 8, covers projects whose completion…
The Story in Brief
MahaRERA has extended completion deadlines for registered real estate projects by four months, citing force majeure due to the West Asia conflict. The order, effective from August 8, covers projects whose completion dates fall on or after February 28, 2026, but excludes those registered on or after August 1, 2026. The extension is automatic, requiring no application from developers.
The decision follows an advisory from the Union Housing and Urban Affairs Ministry on July 31, which asked all state RERAs to grant similar relief due to disruptions in global supply chains. Industry bodies like NAREDCO Maharashtra welcomed the move as balanced, while homebuyer advocates noted it brings clarity by applying a uniform extension across eligible projects.
The Indian Opinion
The automatic extension saves developers from paperwork, but homebuyers may wonder if every delay truly stems from the West Asia conflict. The order excludes projects registered after August 1, 2026, creating a clear cutoff. The real test will be whether builders deliver on the new deadlines or seek further extensions. How many projects will actually complete within the revised timeline?
Source: realty.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
