West Asia crisis: Centre directs RERAs to extend housing project deadlines by 4 months; CREDAI, NAREDCO welcome move
The Ministry of Housing and Urban Affairs (MoHUA) directed all state Real Estate Regulatory Authorities (RERAs) to extend deadlines for eligible real estate projects by four months due to disruptions from the ongoing West Asia crisis. This advisory aims to alleviate penalties for delays caused by supply chain issues and is applicable to projects with completion dates on or after February 28, 2026. Developers' associations CREDAI and NAREDCO welcomed the move, stating it would help ensure orderly project completion amidst the crisis.