West Asia crisis: Centre advises state RERAs to extend project deadlines by 4 months; CREDAI, NAREDCO welcome move
MoHUA advised state RERAs to grant a four-month extension for project completion deadlines under Force Majeure due to the West Asia crisis.
The extension applies to projects whose completion date (original, revised, or extended) falls on or after February 28, 2026.
MoHUA recommended that RERAs issue a single order for the extension to reduce procedural delays.
CREDAI and NAREDCO welcomed the move, stating it would help developers manage supply chain disruptions.
The advisory cites Section 6 and Section 7(3) of the Real Estate (Regulation and Development) Act, 2016, allowing extension due to war as a Force Majeure event.
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