The Ministry of Housing and Urban Affairs (MoHUA) has asked all State Real Estate Regulatory Authorities (RERAs) to extend the registration validity for four months for eligible real estate projects impacted by the ongoing West Asia crisis.
Shortages of construction materials, caused by disruptions in global supply chains, are causing delays in project execution, the ministry said. To address this, it recommended extending the registration and completion timelines of projects whose original, revised or extended completion dates are on or after 28 February 2026.
The advisory comes after the Department of Expenditure, Ministry of Finance classified the ongoing West Asia situation as “war” for the purpose of invoking Force Majeure clause. Under Section 6 of the Real Estate (Regulation and Development) Act, 2016, the State RERAs are empowered to extend project registrations under such conditions.
MoHUA has also suggested that State RERAs pass a common order for all eligible projects instead of each developer applying separately, thus making the process faster and efficient.
National Real Estate Development Council (NAREDCO) President Parveen Jain welcomed the move and said the extension would provide much needed relief to developers who were facing supply chain disruptions and also ensure that the projects are completed without any unnecessary legal hassles.
He added that timely implementation by State RERAs would benefit both developers and homebuyers by improving project certainty and reducing delays. NAREDCO also urged all State regulators to implement the advisory at the earliest.
Source : ANI News
