MahaRERA four-month extension will apply automatically to registered housing projects in Maharashtra whose scheduled possession date was February 28 or later, according to a report by Loksatta-Pune. The decision follows construction-related disruptions attributed to the war situation in West Asia and resulting supply-chain difficulties.
The extension means homebuyers in the affected projects may receive possession up to four months later than originally scheduled. Developers covered by the decision will not need to submit a separate application to MahaRERA, the report said.
The measure follows directions from the Union Ministry of Housing and Urban Affairs to real-estate regulatory authorities across the country. The directions were issued to address difficulties faced by housing projects because of shortages and disruptions involving construction materials, according to the report.
The MahaRERA decision applies to all registered housing projects for which possession was due on February 28 or after that date. The report did not identify individual projects or provide a total number of homebuyers covered by the extension.
Developers have welcomed the decision, while homebuyer organisations have opposed it. The disagreement centres on the effect of the extension on possession schedules and the additional waiting period for purchasers who were expecting their homes to be delivered on the original dates.
Bharat Agarwal, president of NAREDCO Pune, said the decision would help developers manage supply-chain problems and other disruptions. He cited labour shortages linked to recent elections in West Bengal, a month-long strike by concrete suppliers and difficulties connected to supplies from West Asia. Agarwal also said the extension could prevent projects from becoming lapsed and reduce the workload of delay-related cases before MahaRERA.
The extension is automatic for the projects covered by the decision. MahaRERA’s order, as reported by Loksatta-Pune, therefore changes the possession timeline without requiring affected developers to file individual requests with the regulator.
