{"id":1001,"date":"2020-04-10T09:52:25","date_gmt":"2020-04-10T09:52:25","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=1001"},"modified":"2024-01-18T14:12:39","modified_gmt":"2024-01-18T08:42:39","slug":"extension-of-real-estate-project-completion-deadlines-by-rera","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/extension-of-real-estate-project-completion-deadlines-by-rera\/","title":{"rendered":"Extension of Real Estate project completion deadlines by RERA"},"content":{"rendered":"\n<p><em>The halt in the construction activities due to coronavirus outbreak has a major setback on India Realty. The lockdown and movement of workers to their homes back in villages are affected the construction activities. In view of the current scenario, <a href=\"https:\/\/www.propertypistol.com\/blog\/some-important-things-you-need-to-know-about-rera-act\/\">RERA<\/a> has relaxed the project completion deadlines.<\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"270\" src=\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/01\/Blog-Headers-06-1-1024x270.jpg\" alt=\"All about RERA\" class=\"wp-image-801\" srcset=\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/01\/Blog-Headers-06-1-1024x270.jpg 1024w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/01\/Blog-Headers-06-1-300x79.jpg 300w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/01\/Blog-Headers-06-1-768x203.jpg 768w, https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2020\/01\/Blog-Headers-06-1.jpg 1325w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The authorities mentioned that project registration certificates will be issued as per the revised timelines for such projects at the earliest. Moreover, the&nbsp;<strong>RERA&nbsp;<\/strong>authorities said that they have extended the timelines of all statutory compliances in accordance with the Real Estate (Regulation and Development) Act 2016, which was due in March, April and May to June 30.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.propertypistol.com\/blog\/extension-of-real-estate-project-completion-deadlines-by-rera\/#Controlling_the_damage_from_COVID-19\" title=\"Controlling the damage from COVID-19\">Controlling the damage from COVID-19<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.propertypistol.com\/blog\/extension-of-real-estate-project-completion-deadlines-by-rera\/#Benefit_to_builders_and_developers\" title=\"Benefit to builders and developers\">Benefit to builders and developers<\/a><\/li><\/ul><\/nav><\/div>\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Controlling_the_damage_from_COVID-19\"><\/span><strong>Controlling the damage from COVID-19<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Due to the lockdowns, the transportation\nof construction material has been disrupted and labour force has migrated back\nto their home states. In order to assist government efforts to overcome\non-going unpleasant circumstances,&nbsp;<strong>real\nestate projects<\/strong>&nbsp;have been stopped working for a certain\nperiod of time. Also, to ensure that the completion of RERA registered projects\ndoes not get adversely affected. The real estate sector has welcomed the order.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefit_to_builders_and_developers\"><\/span><strong>Benefit to builders and developers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>According to a well-known developer, the announcement has benefitted to\u00a0<strong>builders<\/strong>\u00a0in a way that they now have much required extra time for completion and delivery of the project. He also said that these announcements take care of immediate timeframes and deadlines. The real estate industry hopes that any further delays as a result of the pandemic will be taken into account, and similar action will be initiated by RERA.<\/p>\n\n\n\n<p>Looking at the scenario, it can be said\nthat the deferment of the deadline by the <strong>RERA<\/strong>\nis a good decision. The government has given some respite to the residential\nreal estate sector. This is an impact of lockdown. Such steps taken by the\ngovernment will help reduce the severity of the lockdown in the short term and\nhope that this crisis will be over soon.<\/p>\n\n\n\n<p style=\"font-size:12px\"><em><strong>Disclaimer:&nbsp;<\/strong>The views expressed above are for informational purposes only based on industry reports and related news stories. Propertypistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The halt in the construction activities due to coronavirus outbreak has a major setback on India Realty. The lockdown and movement of workers to their homes back in villages are affected the construction activities. In view of the current scenario, RERA has relaxed the project completion deadlines.<\/p>\n","protected":false},"author":2,"featured_media":1002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[50],"class_list":["post-1001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-rera","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COVID-19 Impact: RERA extends completion deadlines of real estate projects - PropertyPistol Blog<\/title>\n<meta name=\"description\" content=\"Read article on RERA extends completion deadlines of real estate projects and Covid-19 impact on realty market at PropertyPistol Blog.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertypistol.com\/blog\/extension-of-real-estate-project-completion-deadlines-by-rera\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19 Impact: RERA extends completion deadlines of real estate projects - 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