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India Grants Four-Month Extension to Real Estate Projects Amid Conflict

India Grants Four-Month Extension to Real Estate Projects Amid Conflict
Centre advises RERAs to grant four-month extension for real estate projects amid West Asia conflict · theprint.in

India’s housing ministry told state regulators that the war in West Asia is hurting construction.

Because of the war, factories are running out of building materials, so many homes are delayed.

The ministry said it is okay to treat this as a "force majeure" or unexpected event.

It asked regulators to give all affected projects a four‑month extra time to finish.

This extra time applies to projects that were supposed to finish after February 28, 2026.

Regulators can give one common order for all projects instead of many separate ones.

Builders and buyers are happy because it helps avoid lawsuits.

The National Real Estate Development Council also said the move is fair.

The plan should help projects finish on time and protect buyers’ interests.

Key facts

Ministry
Union Ministry of Housing and Urban Affairs
Advisory Date
31 July 2026
Extension Length
Four months
Applicable Projects
Completion date on or after 28 February 2026
Force Majeure Classification
War (West Asia conflict)
Regulatory Bodies
State Real Estate Regulatory Authorities (RERAs)
Industry Support
NAREDCO and industry stakeholders

Quotes

Hitesh Thakkar

Vice President, Naredco Maharashtra and Managing Partner, Prem Group, a real‑estate company in Mumbai

“This advisory is a significant and much‑needed relief for the real‑estate sector. We sincerely thank the Ministry of Housing & Urban Affairs and the Government of Maharashtra for recognising the challenges arising from global disruptions and responding with a practical solution. We also appreciate the sustained efforts of NAREDCO National in pursuing this issue with the Government. We are hopeful that MahaRERA will implement the advisory promptly through a common order so that eligible projects…”
freepressjournal.in
““NAREDCO sincerely welcomes the timely and pragmatic advisory issued by the Ministry of Housing and Urban Affairs.””
theprint.in

Sources

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