A Welcome Move For All Developers

Sharad Mittal, CEO, Motilal Oswal Real Estate Fund “The FM has announced a suo moto relief of 6 months for the RERA completion timelines for all projects in all states with an additional window of 3 months that can be granted by the individual state authorities

BY Realty Plus
Published - Thursday, 14 May, 2020

Sharad Mittal, CEO, Motilal Oswal Real Estate Fund “The FM has announced a suo moto relief of 6 months for the RERA completion timelines for all projects in all states with an additional window of 3 months that can be granted by the individual state authorities. Considering that projects are likely to be delayed by at least 4 to 6 months due to the lockdown, this is a welcome move for all real estate developers. However, it does not address the larger liquidity and cashflows related challenges faced by the developers”.