Housing ministry pitches for automatic 9-month extension for validity of approvals for real estate projects | India News

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Representative photo: Agencies

NEW DELHI: The housing and urban affairs ministry has issued an advisory to state governments, civic bodies and development authorities to consider extending the validity of various approvals for real estate projects automatically for nine months which have expired on or after March 25.
The advisory issued on Friday also urged over half a dozen ministries and Central agencies such as road, rail, environment, defence, culture and civil aviation ministries to consider issuing similar directions to the agencies that issue no objection certificates (NOCs) for such projects.
The advisory said, “States may issue necessary directives to municipal corporations, urban development authorities and urban local bodies so that various approvals, payment of charges and compliance of building proponents may be rescheduled without any requirement of individual application from building proponent in this regard. This is in lines with promoting Ease of Doing Business.”
This was issued after holding a consultation with the real estate industry representatives. The ministry said the Covid pandemic followed by reverse migration of labourers to their native places, break in supply chain of construction material have adversely impacted the construction activities of real estate projects.
Earlier the ministry had issued advisory to states and real estate regulators to treat the health crisis as a “force majeure” event and give automatic extension of registration to real estate projects by six months. The regulators or RERAs are allowed to give another three months after recording a valid reason.

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