novel coronavirus (‘COVID-19’) and the ensuing nation-wide
lockdown, has disrupted businesses and impacted economic
activities in several sectors, especially the real estate sector.
terms of section 4 of the RERA, every promoter applying for
registration of a real estate project, has to file a declaration
on an affidavit, stating the time period for the completion of the
It is pertinent to mention that the regulatory authorities of Maharashtra, Gujarat, Uttar Pradesh and Tamil Nadu already issued orders in their respective States for extension of registration of real estate projects from 3 (three) to 5 (five) months under the provisions of RERA even before the above-mentioned Advisory was issued. Pursuant to the Advisory, various State regulatory authorities (including Maharashtra, Gujarat, Uttar Pradesh and Tamil Nadu) issued/amended circulars/orders providing relief to the real estate sector. A brief summary of the orders issued by some of these States regulatory authorities, is set out below:
In case a promoter in unable to extend timelines, the promoter may be held liable under Section 18 of the RERA, for delay in delivery of the possession of a unit and required to pay the amount/compensation/interest contemplated therein.