Categories: Market

Views on latest FM announcement by Mr. Ravindra Sudhalkar, CEO at Reliance Home Finance

New Delhi, May 13, 2020: The Finance Ministry’s advise to States and UT to treat COVID-19 as an event of ‘Force Majeure’ under RERA will provide major relief to real estate developers whose projects have been stuck due to lack of liquidity and cash flow stoppages. The move to extend the registration and completion date by 6 months for all registered projects will provide more time to such developers to raise fresh financing or debt to complete their pending projects. The ease of compliance norms under RERA and other laws is timely and well thought out decision to ease the stress of small developers, especially those into affordable housing.

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

Recent Posts

Near-Completion Projects See Faster Sales as Execution Risk Becomes a Key Concern

Delhi NCR, April 25, 2026: In India's housing market, the idea of "value" is being…

1 day ago

Stratum at Venus Grounds Office Assets Listed in REIT – A Landmark Moment for Ahmedabad

Ahmedabad, April 25, 2026: In a significant milestone for the commercial real estate landscape, Venus Group…

1 day ago

Mindspace REIT Partners with Global Network for Zero (GNFZ) to Transition Entire Portfolio to a Net-Zero Certification Pathway

~ Reaffirms Commitment to Achieve Net-Zero Emissions by 2042 ~ ~ Among India’s Largest Portfolio-level…

2 days ago

Rama Group Launches Rasvi at Rama World, Strengthening “The Neighborhood” as a Premium Food Destination

Elevates The Neighborhood's curated food ecosystem with Rasvi's premium confectionery and gifting experience National, April 24,…

2 days ago

Aarize Group Appoints Vikas Sharma as Chief Business Officer to Drive Strategic Growth

New Delhi, April 23, 2026: Aarize Group, a fast-emerging real estate developer headquartered in Gurugram,…

3 days ago

Bigbloc Construction Commences Trial Production at Umargaon, Enters Construction Chemicals Segment

Umargaon facility to manufacture block jointing mortar, ready mix plaster and tile adhesives  ·       Enters construction…

3 days ago