Delayed realty projects to get extension in Kerala
The Hindu
K-RERA will give leeway of up to 6 months for projects hindered by pandemic
The Kerala Real Estate Regulatory Authority (K-RERA) has decided to give an extension of up to six months for completing real estate projects hindered by the second wave of the COVID-19 pandemic. This is not intended as a blanket extension, authority officials explained. Developers who require it should apply in the relevant forms annexed to the Kerala Real Estate (Regulation and Development) Rules, 2018. The extension, if needed, will be applicable to projects for which the date of completion as per the registration certificate expires on or after April 1, 2021. The authority has also decided to waive the fee for the extension.
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