The Confederation of Real Estate Developers Association of India (Credai) has written to the Maharashtra Real Estate Regulatory Authority (MahaRERA) to extend the deadline for completion of projects by a month in the face of the nationwide lockdown.
“Developers cannot meet deadlines in the current pandemic situation,” Credai office-bearers said.
Developers from Pune said workers have left for their respective hometowns and that work had ground to a halt. “We cannot meet our deadlines as we cannot procure anything for the construction. In Pune city, the registration offices are closed, so there are no registrations too,” a builder said.
MahaRERA has, meanwhile, adjourned cases, scheduled for hearing between March 16 and March 31, except for “very urgent matters”, due to the spreading coronavirus pandemic.
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Source: realty.economictimes.indiatimes.com
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