A Welcome Move For All Developers

A Welcome Move For All Developers
May 2020 , by , in Realty+ Connect

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”.

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