Govt. gives deadline extension to some projects; homebuyers unhappy
The Hindu
April 1 completion date extended to October 1 due to second wave
An extension in the completion date of a section of projects has been given by the Karnataka Real Estate Regulatory Authority (K-RERA), leaving homebuyers unhappy. Officials said the extension has been given upon directions from government. Kishore Chandra H.C., chairman, K-RERA, told The Hindu that projects that were to be completed by April 1 have been given extension until October 1. “This extension does not apply to projects whose completion date was before April 1. RERAs in some other States have already given extension. In our case, the government has passed the order,” he added. Welcoming the move, Suresh Hari, chairman, CREDAI Bengaluru, said extension of completion date was an urgent need due to the continued challenges faced owing to the pandemic. “After the second wave, the availability of workforce at site, compounded with reduced quantum of workers for safety, has led to delay in completing many planned activities at project sites. This has resulted in delay of projects planned to be completed during this timeline. Extension is an absolute necessity and will certainly help in catching up with lost time. We thank the authority for looking at this essential need favourably,” he said.More Related News