Pune: Maharashtra Real Estate Regulatory Authority (Maharera) expands the deadline for settlement projects on or after April 15 to six months has occurred as a relief for industrial sales agents and observers in the region.
“Orders have brought great help to the construction sector, which has gone through a difficult phase.
The second wave of Covid in Maharashtra is more serious than the first, and the construction sector has experienced a difficult period during locking because the rules set by the state government,” said Anil Pharande , President, Pune Metro.
“Great players have been able to provide additional facilities and maintain migrant workers segments, but smaller developers are still struggling.
Also, the supply chain of construction materials remains a bad impact.
This affects the settlement schedule,” said Anuj Puri, Chairperson, Anarock.
“This will help reduce the likelihood of litigation in the future regarding the missing deadlines,” Vineet Goyal, Managing Director, Kohinoor Group.
Maha: Rera Extension Order Brings Relief to Realtors
