CREDAI welcomes Bengal realty reforms; seeks 8-month force majeure relief
CREDAI West Bengal welcomed the state government's reforms for the real estate sector, particularly a new Standard Operating Procedure for building safety. The developers' body requested an eight-month force majeure relief due to disruptions from various factors, including the recent mandatory audit following a warehouse collapse. So far, 204 projects have received clearance, while 26 were found to have major violations, with CREDAI committing to cooperate in the ongoing scrutiny.