New Delhi, May 14, 2020: Decision to treat Covid-19 as an event of ‘Force Majeure’ under Section 6 of RERA and extension of registration and completion date are proactive steps from the Central Govt. This will certainly help the developers, especially in a situation, when they are facing supply chain disruption and shortage of labour. The developers will also be able to pass on the benefit to the home buyers, by extending the payment schedule, who are facing pay cut/ job less threats on account of Covid-19.
Corporate Comm India (CCI Newswire)
