Showing posts with label MAHA RERA. Show all posts
Showing posts with label MAHA RERA. Show all posts

Thursday, May 7, 2020

RERA real estate Karnataka projects extends deadline to three months


Since the Karnataka Real Estate Regulatory Authority (RERA) has disrupted the supply chain of building materials across the country due to the lockdown, the extension of all residential buildings in Bengaluru has passed on completion. MAHA RERA had also extended the deadline to complete the projects by 3 months.

Apart from the disruption in the supply of construction materials, most of the labor workforce has also moved back to their house-towns. Given that the present conditions are not conducive to construction work.

The Karnataka RERA Authority has extended the project deadline by 3 months for all RERA registered projects, with the completion date expiring on or after 15 March 2020.

As per the Real Estate Act 2016 all the statutory compliance deadlines and rules and legislation which were to be held in March, April and May 2020 have been extended till 30 June 2020.