None
EN
War in Iran and your dream house in Gurgaon, Noida became more expensive
['Drishti Jain', 'Var Template_Content', 'Sso_Login_Box', 'Xwelcome Backorenter The Email Address Or Mobile Number Associated With Your Account To Sign In. Show Passwordsign Innew To The Indian Express Signupxcreate Your Account It Is Quick', 'Easy.Or Show Passwordnextvalidate Otpregisteralready Have An Account', 'Signin', 'Sso_Social_Box', 'Sign In Withgmailfacebookapple', 'Var Follow_Widget_Data', 'Af_Article_Count']
The Indian Express
The West Asia war has hit construction projects across the National Capital Region (NCR) on two fronts — driving up raw material costs and delaying procurement, developers and builders in Noida, Ghaziabad and Gurgaon told The Indian Express.
The advisory is in line with Section 6 of the RERA Act, 2016, which allows the registration of a real estate project to be extended in cases of “Force Majeure”, including war.
The Ministry said it received various representations from stakeholders complaining that the current situation had ‘adversely’ impacted supply chains, resulting in a shortage of construction material, and, consequently, delays in completing real estate projects.
The National Real Estate Development Council (NAREDCO) said the uniform implementation of the Ministry’s recommendations across all states will help maintain project momentum, reduce avoidable regulatory hurdles, and support the timely delivery of ongoing developments.
NARDECO President Praveen Jain said the advisory reflected a balanced approach that addresses both genuine challenges faced by the real estate sector and homebuyers.