The Hindu·2 min read·medium
TGRERA extends real estate project completion timelines by four months over West Asia situation
T
The Hindu Bureau
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The Telangana Real Estate Regulatory Authority (TGRERA) has granted a four-month extension for real estate project completion deadlines. This decision invokes force majeure provisions due to the ongoing geopolitical instability in West Asia.
The Telangana Real Estate Regulatory Authority (TGRERA) has extended the registration validity and completion timelines of registered real estate projects by four months, citing the prevailing situation in West Asia and treating it as a ‘war’ for invoking the force majeure provisions under the Real Estate (Regulation and Development) Act, 2016.
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