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

Civitech Developers initiates OC Process for Civitech Strings, Possession Targeted in 2026

Mumbai, October 09, 2026: Civitech Developers has announced that Civitech Strings, its premier residential project…

2 days ago

Edelweiss Alternatives and Japan’s JEXWAY come together to share Transport Infrastructure solutions in India

New Delhi, October 08, 2026: Edelweiss Alternatives and Japan Expressway International Co., Ltd. ("JEXWAY"), a leading…

3 days ago

UAE realty firm BNW Developments expands international footprint with Sydney office

Mumbai, October 02, 2026: UAE-based real estate developer BNW Developments has expanded its international footprint…

1 week ago